Food Products Distributor Sysco Misses On Revenue But Delivers on Q4 Earnings – What's in Store for FY25?
Portfolio Pulse from Shivani Kumaresan
Sysco Corp (NYSE:SYY) reported Q4 FY24 sales growth of 4.2% to $20.556 billion, missing the analyst estimate of $20.573 billion. Despite this, adjusted EPS of $1.39 beat the consensus of $1.38. The company plans for consistent growth in FY25, targeting a 4%-6% CAGR for net sales and 6%-8% for adjusted EPS.
July 30, 2024 | 2:07 pm
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Sysco Corp reported Q4 FY24 sales growth of 4.2% to $20.556 billion, missing the analyst estimate of $20.573 billion. However, adjusted EPS of $1.39 beat the consensus of $1.38. The company plans for consistent growth in FY25, targeting a 4%-6% CAGR for net sales and 6%-8% for adjusted EPS.
Despite missing revenue estimates, Sysco's ability to beat EPS expectations and its positive outlook for FY25 with targeted growth rates are likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100