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Sysco Corporation (SYY)

NYSE - NYSE Delayed Price. Currency in USD
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78.03+0.34 (+0.44%)
At close: 04:00PM EST
77.80 -0.23 (-0.29%)
After hours: 06:10PM EST
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  • J
    Jennifer
    ⭐ Bullish Trade Ideas For 2022 👀🔥📈

    https://bullish-trades.com/top-trade-ideas
    Bullish
  • S
    Sam
    Exceptional stock... The results speak for itself! I would say FAR FAR better than TSLA, AMZN, GOOGL, MSFT, AAPL, etc. Will wait a bit here to get in...
  • H
    Howie
    If you only view Year over Year YOY percent increases you might think the business is booming. The issue is the business was significantly impacted by COVID. So you really need to compare sales, gross profits, net income, EPS, to 2019 levels. By some magic, the stock price seems to sit around 79-80 even as the financial metrics are below 2019 levels.
  • H
    Howie
    I find it fascinating that SYSCO has recovered after so many restaurants are closed and or operating at 50%. It is almost like they don't operate in the food supply business. This whole market is unbelievable.
  • P
    PELOSIPHOBIC
    What an “Amazing“ opportunity to accumulate!
    SYSCO will continue to show consistent profit growth, even taking in to consideration the currently recovering market. It retains the highest margins comparable to its competitors, as well as market share. SYY monopolizes the food industry's North American distribution network, and continues to purse growth in to the international markets.
    Looking at the strength of its financials, I believe SYSCO has not only a proven track record, but the potential to well exceed its current depressed levels in the months to come.
    Bullish
  • S
    Shorty McShortBear
    Still no volume here in the pre-market. We have to wait until just before market open to gauge the impact of this really poor earnings release on the stock price action for today. But, you can just see that there are no bidders, nobody wants to buy this, and right at the open will come a wave of sellers to push this down. Watch and see. I will be VERY surprised if SYY can hold above $80 for the first 20 minutes of the regular session....
  • C
    Chung-Ru
    11B to 16B jump in revenue quarter over quarter? How is that possible? Is the competition dying or what's going on?
  • M
    Mitch
    Strong company will not go bankrupt. When virus flattens and restaurants start opening back up the stock will sky rocket. Although, it may go down more than it has already in the next few weeks. Good company to keep an eye on.
  • P
    P
    Price Performance

    This Zacks Rank #4 (Sell) stock has lost 32.6% in the past six months compared with the industry’s decline of 8.4%.
  • P
    P
    as for the grocery store sales they squacking about, average drop 20 cases. company averaged $1.00 per case if all goes well with delivery. in florida we see mostly US foods trucks on the road
  • J
    John
    This is a long hold stock. Good dividends and 25+ year growth potential. The largest and best in the industry with world-wide development abilities. For me an awesome stock is one that gives long term and safe returns.
    :-)
  • S
    Shorty McShortBear
    SYY just hit a brand new 52 week high this morning! Why??? It is a SCREAMING Short Sell ahead of earfnings release tomorrow morning, and I am just sitting and watching, hoping she keeps on going higher for the next few hours. Will DEFINITELY do my Pure Earnings Sell Short on SYY later today, probably by 2:30 ET at the latest.

    This should go below $80, easily, on Tuesday after releasing earnings. Way too expensive, weak financials, lots of uncertainty going forward... I just can't believe she hit another 52 week high today!
    Bearish
  • P
    P
    Our total Sysco results for the fourth quarter include a sales decrease of 43% to $8.9 billion. Local case volume within US Broadline operations decreased 38.7% for the fourth quarter, while total case volume within US Broadline operations decreased 41.5%. As a result of the COVID-19 pandemic, we saw a significant decline in both volume and sales across all the business segments. Gross profit decreased 47% to $1.6 billion and gross margin decreased 159 basis points. Our gross margin for the fourth quarter was impacted by pricing to help move inventory and avoid spoilage and by a temporary shift in customer mix as a result of the current operating environment. These results were in line with our previous guidance as it relates to margins.
    Adjusted operating expense decreased 26% to $1.6 billion. It is important to note that we had $115 million of incentive pay accrual reversals that favorably impacted operating expenses and the run rate in Q1 of fiscal 2021 will be normalized when compared to Q4 fiscal 2020. With that said, the adjusted operating income run rate was profitable in June, even with -- even without the accrual reversal. Adjusted operating income decreased 104% to a loss of $34 million and adjusted earnings per share decreased 126% to a negative $0.29 for total Sysco. Across the business, our results were impacted by various financial certain items, which I will review before proceeding into individual segment results.
  • F
    Figureitout
    I for one, do not understand why the stock price drops every time they meet or beat expectations. . . ?
  • M
    Michael
    Love this stock, new to it, but I was really impressed with the CEO on CNBC recently. Bought in based on his sound reasoning, redirection of the company and some interesting new markets they are working in, whilst their main markets are shut. A well managed company, whod have thunk it in the USA. (joke)
  • S
    SJ
    shortterm thinkers are good for longterm investors.
  • J
    Jeremy
    EPS beats by $0.02. We should see a sell off at the bell followed by a gain around lunch
    Bullish
  • J
    John
    Long term continued growth and returns, normally slower than most, but consistent!
  • R
    Richard Cabeza
    I'm out of SYY today. The industry they service is in too much danger short term, long term I can't say. For now just not worth investing in. Too many other places to deploy capital. This is no longer safe IMO.
  • b
    briana
    Locally...One on the reasons SYY may drop for awhile.

    Sysco has immediate job openings
    for dependable local CDL A Delivery
    Truck Drivers, Shuttle Drivers, and
    Warehouse Selectors.




    Earn up to $10,000 retention bonus

    Salary up to $100,000

    401K & Stock Purchase Plan

    Multiple Health Insurance Options

    Paid Time Off

    Equal Opportunity Employer
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