Sysco Q4 Highlights: 4.1% Sales Growth, EPS Beat, Higher Volumes & More
Portfolio Pulse from Akanksha Bakshi
Sysco Corporation reported Q4 FY23 sales growth of 4.1% to $19.728 billion, missing the consensus of $19.85 billion. Adjusted EPS was $1.34, beating the consensus of $1.33. The company's gross profit increased 7% Y/Y to $3.7 billion, and operating income rose 26.5% to $969.4 million. Sysco returned ~$370.9 million of capital to shareholders via share repurchases and dividends. However, SYY shares are trading lower by 0.34%.
August 04, 2023 | 9:50 am
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Despite Sysco's Q4 FY23 sales growth and EPS beat, the company's shares are trading lower. The company returned significant capital to shareholders.
Sysco's Q4 sales growth and EPS beat were positive news, but the company's shares are trading lower, possibly due to the sales missing consensus. The company's return of capital to shareholders is a positive signal of its financial health.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100