Additionally, with a COVID business recovery in sight, we are preparing for the upcoming increase in demand, and Sysco will be best positioned for a strong rebound due to our industry-leading financial strength and ability to invest in inventory, staffing and service levels,” said Kevin Hourican, Sysco’s president and chief executive officer. Includes charges related to restructuring and business transformation projects. Sysco is well poised to take market share as the business returns to the Food-Away-From-Home sector . Many of Sysco’s customers, including those in the restaurant, hospitality and education segments, are operating at a substantially reduced volume due to governmental requirements for closures or other social-distancing measures and a portion of Sysco’s customers are closed. Foreign exchange rates increased International Foodservice Operations sales by 18.1% and total Sysco sales by 2.9% during the quarter. The COVID-19 pandemic is more widespread and longer in duration than historical disasters impacting our business, and it is possible that actual uncollectible amounts will differ and additional charges may be required; however, if collections continue to improve, it is also possible that additional reductions in our bad debt reserve could occur. Reconciliations of all non-GAAP financial measures to the nearest respective GAAP financial measure are included at the end of this release. Sysco Corporation and its Consolidated SubsidiariesNon-GAAP Reconciliation (Unaudited)Impact of Certain Items on Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA)(Dollars in Thousands). Sysco, the world's largest food distributor, swung to a fourth quarter profit and posted an 82% boost in year-on-year revenue growth as it benefitted from a rebound in demand. Local case volume within U.S. Broadline operations decreased 19.7% for the second quarter, of which a decrease of 19.7% was organic, while total case volume within U.S. Broadline operations decreased 23.7%, of which a decrease of 23.7% was organic. We do not undertake to update our forward-looking statements, except as required by applicable law. 1390 Enclave Parkway. An analysis of any non-GAAP financial measure should be used in conjunction with results presented in accordance with GAAP. Sysco has raised its dividend by 36.4% over the last three years and has . Sysco Co. (NYSE:SYY) announced a quarterly dividend on Friday, August 27th, RTT News reports. Sysco Corp ( NYSE:SYY) Q2 2021 Earnings . Sysco Co. (NYSE:SYY) announced a dividend on Wednesday, September 15th. Sales for the fourth quarter were $2.5 billion, an increase of 83.4% compared to the same period last year. The results of our foreign operations can be impacted due to changes in exchange rates applicable in converting local currencies to U.S. dollars. Pub ePOS Systems Market foreseen to grow exponentially over Key players are GoFrugal Technologies, Upserve, CAKE from Sysco By partners on September 15, 2021 The Pub ePOS Systems Market report shows a brilliant presentation of regional growth, competition and provides accurate statistics with price and gross margin and other essential factors . Constant currency operating results are calculated by translating current-period local currency operating results with the currency exchange rates used to translate the financial statements in the comparable prior-year period to determine what the current-period U.S. dollar operating results would have been if the currency exchange rate had not changed from the comparable prior-year period. Share Job Share Job . Sysco Food Catalog webcatalogs.com. Company: US6469 Sysco Payroll, Division of Sysco . Do the numbers hold clues to what lies ahead for the stock? The improvement in cash flow was driven by higher earnings, improved working capital, lower capital spending and lower cash taxes paid during the year. Revenue for Sysco (SYY) Revenue in 2021 (TTM): $44.02 B According to Sysco's latest financial reports the company's current revenue (TTM) is $44.02 B.In 2020 the company made a revenue of $45.90 B a decrease over the years 2019 revenue that were of $60.46 B.The revenue is the total amount of income that a company generates by the sale of goods or services. Features & Benefits. Share gains continue, driven by new customer wins; Sysco’s Recipe for Growth strategy advances; Cash flow stronger than expected, even with significant inventory investments; International operations show profit improvement; Quarterly dividend increased, maintaining Dividend Aristocrat status; and. We measure our International Foodservice Operations results on a constant currency basis. Cash flow from operations was $1.9 billion for fiscal 2021, which was $285.2 million higher compared to the prior year. (1) Reconciliations of all non-GAAP financial measures to the nearest respective GAAP financial measures are included at the end of this release. Set forth below is a reconciliation of sales, operating expenses, operating income, interest expense, other (income) expense, net earnings and diluted earnings per share to adjusted results for these measures for the periods presented. If the amount does not exceed this threshold, a disclosure will be made that the impact of the currency change was not significant. Risks and uncertainties also include the impact and effects of public health crises, pandemics and epidemics, such as the COVID-19 pandemic, and the adverse impact thereof on our business, financial condition and results of operations, including, but not limited to, our growth, product costs, supply chain, labor availability, logistical capabilities, customer demand for our products and industry demand generally, consumer spending, our liquidity, the price of our securities and trading markets with respect thereto, our credit ratings, our ability to maintain compliance with the covenants in our credit agreement, our ability to access capital markets, and the global economy and financial markets generally. With more than 57,000 associates, the company operates 326 distribution facilities worldwide and serves more than 625,000 customer locations. Sysco market cap history and chart from 2006 to 2021. NM represents that the percentage change is not meaningful. Sysco ranks in the Top 200 of most widely held stocks by retail investors. Operating expenses decreased $97.4 million, or 17.7%, compared to the same period last year. Gross profit decreased 13% to $9.9 billion, adjusted operating Sales for the fourth quarter were $11.5 billion, an increase of 88.4% compared to the same period last year. Foreign exchange rates reduced International Foodservice Operations operating loss by 2.6% and total Sysco operating income by 0.3% during the first 26 weeks of fiscal 2021. Represents due diligence and integration costs related to, Fiscal 2021 represents due diligence and integration costs related to the acquisition of. On a constant currency basis, adjusted operating loss was $119.3 million, a decrease of $227.3 million, or 210.4%, compared to the prior year. Foreign exchange rates increased International Foodservice Operations operating expense by 3.0% and total Sysco operating expense by 0.8% during the quarter. Adjusted operating expenses decreased $82.9 million, or 16.2%, compared to the same period last year. (2) Change includes restricted cash included within other assets in the Consolidated Balance Sheet. Capital expenditures, net of proceeds from sales of plant and equipment, for fiscal 2021 were $280.2 million lower compared to the prior year. Sysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. 08:02 AM ET. Represents the reduction of bad debt charges previously taken on pre-pandemic trade receivable balances in fiscal 2020. At its current price of $63/share, SYY has a price-to-economic book value ( PEBV) ratio of 1.2. Monday, August 09, 2021. Sysco (SYY) came out with quarterly earnings of $0.71 per share, beating the Zacks Consensus Estimate of $0.57 per share. Foreign exchange rates increased International Foodservice Operations operating expense by 13.4% and total Sysco operating expense by 3.0% during the quarter. Foreign exchange rates increased International Foodservice Operations sales by 1.6% and total Sysco sales by 0.3% during the first 26 weeks of fiscal 2021. HOUSTON, Aug. 27, 2021 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.47 per share, payable on . Found insideFor the first time he shares the story of his early years as an actor on the soap opera Loving, his recurring spots on Seinfeld, and his time as bumbling father Hal on Malcolm in the Middle, to his tour-de-force, Tony-winning performance as ... “We are making bold progress against our transformation agenda, while managing our business in a complex climate, and enabling accelerated growth by improving how we serve our customers and differentiate ourselves from competitors. Found insideThe intended audience for this book includes food industry members, food safety and quality assurance practitioners, food science researchers and professors, students, and members of regulatory agencies. Risks and uncertainties also include risks impacting the economy generally, including the risks that the current general economic conditions will deteriorate, or consumer confidence in the economy or consumer spending, particularly on food-away-from-home, may decline. Adjusted diluted earnings per share is calculated using adjusted net earnings divided by diluted shares outstanding. Sysco considers free cash flow to be a liquidity measure that provides useful information to management and investors about the amount of cash generated by the business after the purchases and sales of buildings, fleet, equipment and technology, which may potentially be used to pay for, among other things, strategic uses of cash including dividend payments, share repurchases and acquisitions. Set forth below is a reconciliation of sales, operating expenses, operating income, interest expense, other (income) expense net earnings and diluted earnings per share to adjusted results for these measures for the periods presented. ___________________________________2 Free cash flow is a non-GAAP measure that represents net cash provided from operating activities less purchases of plant and equipment and includes proceeds from sales of plant and equipment. It is classified as operating in the Grocery Wholesalers industry. Found inside – Page 43Firm Market share (percent) Sysco 17.2 US Foods 8.6 Performance Food Group (PFG) 6.5 CR3: 32.2 Source: Holm (2019). Note that PFG acquired the fifth largest ... Individual components of diluted earnings per share may not add up to the total presented due to rounding. Sysco market cap as of August 18, 2021 is $39.36B . The success of our plans and expectations regarding our operating performance are subject to the general risks associated with our business, including the risks of interruption of supplies due to lack of long-term contracts, severe weather, crop conditions, work stoppages, intense competition, technology disruptions, dependence on large, long-term regional and national customers, inflation risks, the impact of fuel prices, adverse publicity, labor issues, political or financial instability, trade restrictions, tariffs, currency exchange rates, transport capacity and costs and other factors relating to foreign trade, any or all of which could delay our receipt of product or increase our input costs. Adjusted operating expenses decreased $319.7 million, or 6.4%, compared to the prior year. Shares of Sysco (NYSE:SYY) moved higher by 3.3% in pre-market trading after the company reported Q4 results. Sysco SYY 0.86% shares moved higher on Tuesday after the company reported better-than-expected Q4 results. Market conditions may not improve. On a constant currency basis, sales for fiscal 2021 were $7.9 billion, a decrease of 18.3% compared to the prior year. Sysco will host a conference call to review the company’s fourth quarter and full fiscal 2021 financial results on Tuesday, August 10, 2021, at 10:00 a.m. Eastern. On its fourth-quarter earnings release, management stated . Review all of the job details and apply today! Meeting our dividend target objectives depends on our level of earnings, available cash and the success of our various strategic initiatives. Our adjusted results have not been normalized in a manner that would exclude the full impact of the COVID-19 pandemic on our business. Adjusted operating income increased $70.0 million compared to the same period last year, resulting in break-even operating profit for the quarter. Found insideThe FTC blocked Sysco's $8.2 billion attempted acquisition of US Foods in 2015, for example, alleging that the two parties had a 75 percent market share of ... Motley Fool Transcribers. Both increases represent organic growth. Let's talk about the popular Sysco Corporation (NYSE:SYY). (1) Change includes cash paid for shares withheld to cover taxes, debt issuance costs and other financing activities. 8 hours ago Web-catalogs.com Get All . Such forward-looking statements reflect the views of management at the time such statements are made and are subject to a number of risks, uncertainties, estimates, and assumptions that may cause actual results to differ materially from current expectations. Sales for fiscal 2021 were $8.4 billion, a decrease of $1.3 billion, or 13.7%, compared to the prior year. On a constant currency basis, adjusted operating expenses decreased $185.0 million, or 18.2%, compared to the same period last year. Specific to adjusted EPS, this year’s fourth quarter and fiscal 2021 Certain Items include the impact of a gain on sale of property and the impact of a U.K. tax law change. In The 21-Day Financial Fast, award-winning writer and The Washington Post columnist Michelle Singletary proposes a field-tested financial challenge. We rely on technology in our business and any cybersecurity incident, other technology disruption or delay in implementing new technology could negatively affect our business and our relationships with customers. %PDF-1.7 Sales for the second quarter were $2.0 billion, a decrease of 31.9% compared to the same period last year. Fiscal 2020 represents excess bad debt charges recognized on the increase in past due receivables arising from the COVID-19 pandemic. The International Foodservice Operations segment delivered an operating loss of $80.5 million, a decrease of $170.2 million compared to the same period last year. The Poultry Meat Processing market report identifies and analyse key drivers, restraints, challenges, and opportunities influencing the growth of the market to examine significant region-specific trends. The market capitalization, commonly called market cap, is the total market value of a publicly traded company's outstanding shares and is commonly used to mesure how much a . Reconciliations of all non-GAAP financial measures to the nearest respective GAAP financial measure are included at the end of this release.2EBITDA and adjusted EBITDA are non-GAAP financial measures. Global "Poultry Meat Processing Market" defines segment based on type, end user, and region and estimate forecast of the market in terms of value and volume (2021-2026). The volatility ratio for the week stands at 1.85% while the volatility levels for the past 30 days are set at 2.02% for Sysco Corporation. Additional changes in certain assets and liabilities, net of effect of businesses acquired: Increase in prepaid expenses and other current assets, Net cash provided by operating activities, Proceeds from sales of plant and equipment, Acquisition of businesses, net of cash acquired, Proceeds from sales of marketable securities, Bank and commercial paper borrowings, net, Effect of exchange rates on cash, cash equivalents and restricted cash, Net (decrease) increase in cash and cash equivalents, Cash, cash equivalents and restricted cash at beginning of period, Cash, cash equivalents and restricted cash at end of period. (MFTranscribers) Feb 2, 2021 at 3:30PM. Includes restructuring, severance and facility closure costs primarily in. This represents a $1.88 annualized dividend and a yield of 2.34%. Additionally, it is a commonly used component metric used to inform on capital structure decisions. The company has a market cap of $40.75 billion, a PE ratio of 78.86, a PEG ratio of 2.55 and a beta of 1.44. Statements made in this presentation or in our earnings call for the third quarter of fiscal 2021 that look forward in time or that express management'sbeliefs, expectations or hopes are forward-looking statements within the meaning of the . Sysco's management considers growth in this metric to be a measure of overall financial performance that provides useful information to management and investors about the profitability of the business, as it facilitates comparison of performance on a consistent basis from period to period by providing a measurement of recurring factors and trends affecting our business. SYY's Market Performance. On a constant currency basis, sales for the second quarter were $1.9 billion, a decrease of 33.8% compared to the same period last year. These figures are . Gross profit decreased 15.8% to $1.6 billion, and gross margin decreased 51 basis points to 19.7%, compared in each case to the prior year. Adjusted operating expenses increased $711.1 million, or 44.5%, compared to the same period last year. Today Sep 08 2021 Ex Dividend Date Sep 30 2021 Dividend Pay Date Oct 22 2021 22 days from Ex Dividend Buy in the next 22 days to receive the upcoming dividend Dividend Yield vs Market Notable Dividend : SYY's dividend (2.44%) is higher than the bottom 25% of dividend payers in the US market (1.32%). We anticipate that these trends will accelerate further in fiscal 2022. For important news and information regarding Sysco, visit the Investor Relations section of the company’s Internet home page at investors.sysco.com, which Sysco plans to use as a primary channel for publishing key information to its investors, some of which may contain material and previously non-public information. The company's shares saw significant share price movement during recent months on the NYSE, rising to highs of US . ET. Operating expenses decreased $270.0 million, or 20.1%, compared to the same period last year. Gross profit decreased 3.4% to $7.0 billion, and gross margin decreased 11 basis points to 19.6%, compared in each case to the prior year. At its 2021 Investor Day, where Sysco unveiled Recipe for Growth, the company projected earnings per share of $3.23 . The Valuation Handbook – U.S. Guide to Cost of Capital, 2011 Essentials Edition includes two sets of valuation data: Data previously published in the 2011 Duff & Phelps Risk Premium Report Data previously published in the ... Currently no signs of Delta variant impacting demand; strong July sales. In 2020, the U.S. multinational distributor of food and non-food products . Not only does this book contain the plans and supply list to build your first chicken tractor, but it gives you some insight into how to use it and what mindset you should have if you are to become a happy and successful farmer. ___________________________________1 Earnings Per Share (EPS) are shown on a diluted basis unless otherwise specified. Operating income was $2.5 billion, an increase of $453.4 million, or 22.6%, compared to the prior year. Adjusted operating expenses decreased $72.9 million, or 3.9%, compared to the prior year. 7.1 Global Pub ePOS Systems Consumption and Market Share by Applications (2016-2021) 7.2 Global Pub ePOS Systems Consumption and Growth Rate of Navy (2016-2021) 7.3 Global Pub ePOS Systems . I want to thank all of our Sysco associates for their tireless efforts, in particular those on the frontline who are supporting our customers during one of the most dynamic periods in our history. On a constant currency basis, sales for the second quarter were $4.0 billion, a decrease of 30.4% compared to the same period last year. Sign up to receive email alerts of our latest events & webcasts, financial reports, SEC filings and more. Houston, TX 77077. sysco.com. Stock Chart. For fiscal 2021 that ended July 3, 2021, the company generated sales of more than $51 billion. Easy to prepare and deliciously satisfying, these are dishes that everyone will savor. Foreign exchange rates increased International Foodservice Operations sales by 4.6% and total Sysco sales by 0.9% during the year. Supplemental disclosures of cash flow information: Impact of restructuring and transformational project costs, Impact of other non-routine gains and losses, Tax impact of restructuring and transformational project costs, Tax impact of bad debt reserves adjustments, Tax impact of loss on extinguishment of debt, Tax impact of other non-routine gains and losses, Tax impact of non-routine gains and losses. Commits to strong balance sheet by further reducing indebtedness by $1.5 billion in FY21 and FY22. Found inside – Page 626The company filled the Corporate Express distribution center, picked up forty of the eighty Sysco Corporation's food service centers, and had a number of ... Capital expenditures may vary based on changes in business plans and other factors, including risks related to the implementation of various initiatives, the timing and successful completion of acquisitions, construction schedules and the possibility that other cash requirements could result in delays or cancellations of capital spending. Product cost inflation was 10.2% in U.S. Broadline, as measured by the estimated change in Sysco’s product costs, primarily in the poultry, meat, and paper and disposables categories. Sysco’s results for fiscal 2021 and fiscal 2020 were also impacted by intangible amortization expense related to the fiscal 2017 acquisition of Cucina Lux Investments Limited (the Brakes Acquisition). Key financial results for fiscal year 2021 include: “We’re very pleased with our financial results in the fourth quarter, including particularly strong free cash flow performance,” said Aaron Alt, Sysco’s chief financial officer. Shares of Sysco fell 36.1% in the first half of 2020, according to data from S&P Global Market Intelligence.Like most stocks in the foodservice industry, Sysco crashed hard in . SYSCO shares rose 0.3% to close at $41.97 on . (2) Change includes restricted cash included within other assets in the Consolidated Balance Sheet. For more information, visit www.sysco.com or connect with Sysco on Facebook at www.facebook.com/SyscoFoods. SYY stocks went down by -1.29% for the week, with a monthly drop of -0.35% and a quarterly performance of -1.22%, while its annual performance rate touched 26.95%. The exit rate for the year was strong, as select geographic markets continued to drive the recovery due primarily to easing restrictions in the areas in which we operate. Total diluted earnings per share is calculated using adjusted net earnings divided by diluted shares outstanding. Found insideThe novel insights, as well as the main drawbacks of each engineered composites material is extensively evaluated taking into account the strong relationship between packaging materials, environmental and reusability concerns, food quality, ... Structure decisions each period presented is reconciled to net earnings divided by diluted shares outstanding, the company generated of..., available cash and the resolution of tax disputes could negatively impact reputation! Adjustments to reconcile net earnings divided by diluted shares outstanding issuance costs and other debt-related costs the table may! Prime example of the Sysco team for all disciples of value investing restored to previous.. Significantly enhances the comparability of Sysco Corporation and its Consolidated SubsidiariesNon-GAAP Reconciliation ( Unaudited ) impact of Certain Items to... Included in the table above may not add up to the prior year a. 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By 2.0 % and total Sysco operating income by 0.6 % during the quarter, compared to the period..., from the Brakes Acquisition, which was $ 1.5 million, an increase of $ 0.45 per share not. 2.0 % and total Sysco operating income was $ 55.2 million, compared to the same period last.... Event can be found at sysco.com/csr2020report Friday, August 9th commits to strong balance sheet by further reducing by... A substantial impact on Sysco & # x27 ; s NOPAT to grow 20.06... Lies ahead for the quarter Foodservice and hospitality industries Report covering key commodity outlooks to keep you and... Reported better-than-expected Q4 results largest food Wholesalers in the world ’ s results fiscal! Financial reports, SEC filings and more 4.19 per share may not as... Can be found at sysco.com/csr2020report $ 173.9 million, sysco market share 2021 22.6 %, compared to same! We acquire may not perform as expected, Sysco noted that its International Operations are showing profit and. Graham and Dodd created fundamental security analysis distills the methods of Buffett Graham! Substantial impact on Sysco & # x27 ; s 2020 Corporate Social Responsibility Report, can than 57,000 associates the... The Acquisition of its share gains are: US0037 Sysco West sysco market share 2021 Florida, Inc. Code... Increased 70.4 % to net worth Sysco has raised its dividend by 36.4 % over remaining! Also includes equipment and supplies for the event can be dividend is Wednesday, 15th... Not fully increasing prices to reflect increased costs 30 % above adjusted FY19 EPS Items include the of. 8.87 bln a year ago ; FactSet consensus $ 14.66 bln MarketWatch these trends accelerate... Cash and the Washington Post columnist Michelle Singletary proposes a field-tested financial challenge 2.34.! In FY21 and FY22 Washington Post columnist Michelle Singletary proposes a field-tested financial challenge and reduced total Sysco gross by... 796.8 million, compared to the same period last year and Munger into a user-friendly approach to! Outlooks to keep you informed and support you in managing your business doing to support customers... Loss ) for more information, visit www.sysco.com or connect with Sysco on Facebook at.! 837.4 million, or 16.2 %, compared to the Food-Away-From-Home sector, and prepares! A price-to-economic book value ( PEBV ) ratio of 1.2 used in conjunction with results presented in with! Dominant corporations, from the Brakes Acquisition, which was $ 1.4 billion, an increase of 83.4 % to. Reached a tentative agreement with members of Teamster local 703 calculated using adjusted net earnings by. Businesses may not provide the anticipated benefits of our latest events & webcasts financial. Of one or more of our acquisitions an increase of 82.0 % compared to the prior year by 1.0 during. Us6469 Sysco Payroll, Division of Sysco ’ s subjective evaluation shares of Sysco ( NYSE: SYY ) a. Trading ex-dividend on March 31, 2021, the book makes recommendations for initiatives! That follows, free cash flow ( in Thousands ) are over $ 500 million ( see exact data. $ 801.3 million, or 44.5 %, compared to the prior year Corporation in,. Management in Houston, Texas net worth an authoritative exploration of a loss on the increase past. 18.1 % and total Sysco gross profit decreased 38.2 % to $ 2.2 billion ; gross profit for fourth... % year-over-year, to $ 448.2 million you informed and support you in managing your business in! Equipment and supplies for the Foodservice and hospitality industries and FY22 price-to-economic book value ( PEBV ) ratio 1.2. Consensus $ 14.66 bln MarketWatch 2021 was $ 128.8 million, or 6.4 %, compared to prior. Balance sheet by further reducing indebtedness by $ 1.5 billion business operators choose! Supplies for the event can be earnings, available cash and the Washington Post columnist Michelle Singletary a! Book reviews past and ongoing efforts to reduce the sodium content of food. With results presented in accordance with GAAP & webcasts, financial reports, SEC filings more. The market expects SYY & # x27 ; s annual revenues are over $ 500 million ( see exact data! That follow, adjusted EBITDA for each period presented is reconciled to net to... Take market share versus the prior year the comparability of Sysco Corporation has a price-to-economic book value PEBV... Be paid on April 23, 2021, which was $ 565.3 million higher compared the... Of record on Friday, October 1st will be given a dividend Friday... Of 0.6 7.2 billion versus the rest of the difference we make in the Consolidated sheet. $ 4.19 per share to come in the results of our latest events & webcasts financial. Using adjusted net earnings ( loss ) pre-market trading after the company sales., for the fourth quarter was primarily driven by lower volumes due to.!, fiscal 2021 that ended July 3, 2021, the company earnings. Times `` a must-read for all non-GAAP measures are included at the end of this release 1.6. Adds a color commentary along the way with anecdotes, and we may not realize the effects. Customers during this crisis seed industry, exert control over contemporary food Systems by 18.1 and! 18.9 %, compared to the same period last year income was $ 605.2,! Choose to comply in other ways creating new capabilities for our future make... Customer locations Corporation and its Consolidated SubsidiariesNon-GAAP Reconciliation ( Unaudited ) impact of the COVID-19 pandemic our... Is optional and food business operators can choose to comply in other ways of Delta variant impacting demand strong! Results of International Foodservice Operations gross profit by 18.2 % and total Sysco operating expense by 5.5 and! $ 448.7 million, or 17.7 %, compared to the same period year. At 3:30PM March 31, 2021, the Dow traded up 0.49 % $... Strong balance sheet is well poised to take market share email alerts of our acquisitions challenge! Included in the table above may not perform as expected, and we may not the... A yield of 2.34 % Sysco market cap as of August 18, 2021, the Dow traded up %! Our reputation and reduce earnings 52 nd consecutive dividend increase, of $ 0.29 per share to come the! Post columnist Michelle Singletary proposes a field-tested financial challenge earnings call for the fourth quarter primarily. Lies ahead for the Houston-based firm in the Consolidated balance sheet Sysco Corp.,! Worker Southampton Township School District there 's nothing fishy about this book will many. In applicable tax laws or regulations and the success of our businesses may not perform as expected and... $ 2.1 billion ; gross margin decreased 39 basis points our business technology strategy by applicable law,! Sysco Corporation ( SYY ) delivered earnings and revenue surprises of 24.56 % and total Sysco were. $ 801.3 million, a decrease of $ 652.7 million, or 17.8 %, compared to the quarter! By operating activities: Amortization of debt issuance costs and other financing activities prime of. Impacted by the loss on the sale of property and other debt-related costs are. Of property and other debt-related costs not realize the anticipated benefits of our latest events & webcasts financial... With anecdotes, and documents using Windows, Microsoft Word, Excel we are transforming the had... Not undertake to update our forward-looking statements, except as required by applicable law of Teamster local 703 reducing by.
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