Sysco Reaffirms FY2024 Guidance Of Mid-single Digit Sales Growth To Approximately $80B And 5%-10% Adjusted EPS Growth To $4.20 To $4.40 Versus Consensus Of $79.46B And $4.32, Respectively
Portfolio Pulse from Benzinga Newsdesk
Sysco Corporation has reaffirmed its fiscal year 2024 guidance, projecting mid-single digit sales growth to approximately $80 billion and an adjusted EPS growth of 5%-10% to $4.20 to $4.40. This is in comparison to a consensus estimate of $79.46 billion in sales and an adjusted EPS of $4.32.
January 30, 2024 | 1:06 pm
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Sysco Corporation reaffirms its FY2024 guidance with expected sales of $80B and adjusted EPS of $4.20 to $4.40, surpassing consensus estimates of $79.46B in sales and $4.32 adjusted EPS.
Sysco's reaffirmation of its FY2024 guidance suggests confidence in the company's growth trajectory and operational efficiency. The projected figures surpassing consensus estimates could lead to positive investor sentiment and a potential increase in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100