|Bid||66.56 x 800|
|Ask||66.56 x 1000|
|Day's Range||66.15 - 66.95|
|52 Week Range||54.30 - 75.98|
|Beta (3Y Monthly)||0.76|
|PE Ratio (TTM)||24.69|
|Earnings Date||Feb 4, 2019|
|Forward Dividend & Yield||1.44 (2.16%)|
|1y Target Est||71.07|
Sysco's (SYY) U.S. Foodservice division has been performing well for quite some time now. International unit's performance depicted a slowdown in the first quarter.
Sysco Corporation (SYY), the leading global foodservice distribution company, today announced that its board of directors has elected Edward D. Shirley as independent lead director, effective today. This follows the retirement of Jackie M. Ward and the election of Tom Bené as Sysco’s chairman of the board. In his new role, Shirley’s responsibilities will include coordinating the activities of the independent directors and serving as a liaison between the chairman, president and chief executive officer and the other independent directors and helping to facilitate the board's oversight and shareholder responsiveness.
Sysco Corporation (SYY) today announced that the board of directors has approved an 8 percent increase in the quarterly cash dividend to $0.39 per share from the current $0.36 per share. “Through its dividends, Sysco has shared its success with its shareholders every quarter since our founding as a public company in 1970,” said Tom Bené, Sysco’s president and chief executive officer. Furthermore, the company has recently increased its pace of planned share repurchase activity and is announcing a modest increase from the planned amount of $1 billion in fiscal 2019 repurchases.
Guest Supply, a wholly owned subsidiary of Sysco Corporation (SYY), announced today that its luxury division, Gilchrist & Soames - one of the leading luxury amenity providers in the hospitality industry, is expanding its reach to offer additional product solutions to the ever-expanding lodging market encompassing home rentals and bed and breakfasts via the Company’s new eCommerce platform, Simply Supplies. "With the long-standing history Gilchrist & Soames has in the bed & breakfast market and the personal care amenities manufacturing business, combined with the extensive product portfolio Guest Supply has to offer, this expansion into the growing alternate accommodations market helps us fill a clear need within the industry,” said Sandy Romoser, executive vice president, Guest Supply.
A fast-growing restaurant offering the "fattest fish sandwich" and "large portions at value prices" makes its Triad debut today. Skrimp Shack, a chain that started as a fish market in Newport News, Virginia, in 2011, will open its third North Carolina location at 10:30 a.m. at 815 W. Gate City Blvd. in Greensboro. Mitch Hartman, who started Skrimp Shack with wife Stacey, said Skrimp Shack's signature menu items are 12-ounce fish sandwiches starting at $6.35 for whiting.
As quarter after quarter comes in from companies that have seen prices elevated by the cost of ethane because of a freak spike in natural gas prices, or in steel because of the tariffs, or in supply chain and freight because of a dearth of truck drivers, all I can say is that higher interest rates will do nothing to solve any of those problems. reported a sorry number last night, and this very well-run maker of food product machinery like ranges and griddles and grills won't have as good a year as we thought because of the steel tariffs and freight transportation? missed its quarter and recognize that a lot of it was transportation, warehouse and supply chain issues, as well as increased fuel costs?
NEW YORK, NY / ACCESSWIRE / November 6, 2018 / Food service companies Sysco Corporation and Welbilt were both sinking into the red on Monday after reporting worse than expected financial results. RDI Initiates ...
Sysco Co.’s shares tumbled Monday after the world’s largest food-service distributor said it is struggling against labor, transportation and other costs that are pressuring many U.S. companies. The Houston-based distributor to restaurants and other food-service outlets reported weaker-than-expected profit and sales for the company’s first quarter as costs eroded margins. Sysco’s report sent a chill across food-distributor stocks Monday.
Berkshire Hathaway rallied the S&P 500, and Apple tanked the Nasdaq. And investors are still fretting about the course of economic growth.
Stocks that moved substantially or traded heavily Monday: Berkshire Hathaway Inc., up $9.67 to $216.24 Warren Buffett's company said its quarterly profit surged and it bought back almost $1 billion in ...
It’s Monday and oil futures are relatively stable despite the news that the U.S. is beginning to impose sanctions on Iran again. Among the stocks making substantial waves today include Inuvo Inc. (NYSE:INUV), Clearside Biomedical Inc. (NASDAQ:CLSD), Sysco Corporation (NYSE:SYY), STMicroelectronics N.V. (NYSE:STM), and Cirrus Logic Inc. (NASDAQ:CRUS). Let’s dig deeper into why each stock moved. In the financial world […]
This is better than its earnings per share of 74 cents reported in the fiscal first quarter of the previous year. Net income reported by Sysco for its fiscal first quarter of 2019 came in at $431.04 million. Sysco’s earnings report for its fiscal first quarter of 2019 also includes operating income of $628.14 million.
Looking at Sysco Corporation’s (NYSE:SYY) earnings update in June 2018, analyst consensus outlook appear cautiously optimistic, with profits predicted to increase by 25% next year compared with the past 5-year Read More...
Investing.com - Sysco (NYSE:SYY) reported first quarter earnings that missed analyst's expectations on Monday and revenue that fell short of forecasts.
Sysco's (SYY) both top and bottom lines fall short of the Zacks Consensus Estimate in Q1. Cost headwinds are expected to linger.
On a per-share basis, the Houston-based company said it had net income of 81 cents. Earnings, adjusted for one-time gains and costs, came to 91 cents per share. The results did not meet Wall Street expectations. ...
Food services company Sysco Corp.'s shares slid 6% in premarket trade Monday, after the company missed earnings estimates for its fiscal first quarter. Houston-based Sysco said it had net earnings for $431 million, or 81 cents a share, in the quarter to Sept. 29, up from $367.6 million, or 69 cents a share, in the year-earlier period. Adjusted per-share earnings came to 91 cents, just below the FactSet consensus of 92 cents. Sales rose to $15.2 billion from $14.7 billion, also below the FactSet consensus of $15.4 billion. "We continue to see expense challenges in the warehouse and transportation areas of our supply chain, which we anticipate will persist," chief Executive Tom Bené said in a statement. U.S. sales rose 5.6% to $10.4 billion, while international sales rose 0.6% to $2.9 billion. Shares have gained 17.4% in 2018, while the S&P 500 has gained 1.9%.