Sysco Exec Says Traffic To Restaurants Was Down About 3% YoY For Q4
Portfolio Pulse from Benzinga Newsdesk
Sysco's executive reported a 3% year-over-year decline in restaurant traffic for Q4 during a conference call.
July 30, 2024 | 2:07 pm
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Sysco's executive reported a 3% year-over-year decline in restaurant traffic for Q4, which could negatively impact the company's revenue and earnings.
A decline in restaurant traffic directly affects Sysco's sales, as the company supplies food and related products to restaurants. This could lead to lower revenue and earnings for the quarter.
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