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Sysco: Q4 Earnings Insights

Benzinga Insights
·1 min read

Shares of Sysco (NYSE:SYY) moved lower by 2.5% in pre-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share fell 126.36% over the past year to ($0.29), which beat the estimate of ($0.30).

Revenue of $8,867,000,000 declined by 42.70% year over year, which missed the estimate of $9,520,000,000.

Outlook

Sysco hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Aug 11, 2020

View more earnings on SYY

Time: 10:00 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/sysco/mediaframe/39741/indexr.html

Technicals

Company's 52-week high was at $85.98

52-week low: $26.00

Price action over last quarter: Up 17.19%

Company Description

Sysco is the largest U.S. food-service distributor, boasting 16% market share of the highly fragmented food-service distribution industry. Sysco distributes over 400,000 food and nonfood products to restaurants (62% of revenue), healthcare facilities (8%), travel, leisure, and retail (9%), education and government buildings (9%), and other locations (12%) where individuals consume away-from-home meals. In fiscal 2019, 80% of the firm's revenue was U.S.-based, with 8% from Canada, 5% from the U.K., 3% from France, and 4% other.

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