Sysco Corp Says Tax Rate For FY24 Is Expected To Step Up To ~24.5% Compared To 23% In FY23; We Are Guiding To Adjusted EPS For FY24 At $4.20-$4.40
Portfolio Pulse from Happy Mohamed
Sysco Corp has announced that its tax rate for FY24 is expected to increase to approximately 24.5% compared to 23% in FY23. The company is also guiding to an adjusted EPS for FY24 at $4.20-$4.40.
August 04, 2023 | 9:14 am
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NEUTRAL IMPACT
Sysco Corp's expected tax rate increase for FY24 and adjusted EPS guidance could impact the company's financial performance and stock price.
The increase in tax rate could potentially reduce Sysco's net income, which might negatively impact the stock price. However, the company's guidance for adjusted EPS indicates a positive outlook, which could offset the potential negative impact of the increased tax rate.
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