Sysco Q2 Adjusted EPS $0.89 Beats $0.88 Estimate, Sales $19.29B Miss $19.34B Estimate
Portfolio Pulse from Benzinga Newsdesk
Sysco Corporation (NYSE: SYY) reported Q2 adjusted EPS of $0.89, surpassing the consensus estimate of $0.88 by 1.14% and marking an 11.25% increase from the previous year's $0.80 per share. However, the company's sales of $19.29 billion fell slightly short of the $19.34 billion estimate, a miss of 0.27%, though it still represents a 3.73% increase from last year's $18.59 billion.
January 30, 2024 | 1:02 pm
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Sysco's Q2 earnings beat estimates with an adjusted EPS of $0.89, but sales slightly missed expectations at $19.29B versus the estimated $19.34B.
Sysco's stock may experience mixed reactions due to the earnings beat and slight sales miss. The EPS beat suggests operational efficiency and profitability, which investors generally view positively. However, the sales miss, albeit minor, could raise concerns about growth prospects. The overall impact is likely to be neutral in the short term as the positive and negative aspects may balance each other out.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100