secwatch.observer — SEC 8-K summary
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Issuer:     SYSCO CORP (SYY)
CIK:        0000096021
Form:       8-K
Filed at:   2023-10-31T23:59:59+00:00
Accession:  0000096021-23-000197
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sysco Q1 adjusted EPS $1.07 (+10.3%), sales +2.6%, reiterates FY24 guidance
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- Sales up 2.6%; US Foodservice volume +1.6%; gross profit $3.6B (+4.6%).
- Operating income $803.6M (+9.1%); adjusted operating income $854.3M (+10.6%).
- EPS $0.99 (+8.8%); adjusted EPS $1.07 (+10.3%).
- Returned $352.9M to shareholders via dividends and buybacks; FY24 target ~$1.75B.
- Announced planned acquisition of Edward Don & Company (kitchen equipment distributor); no terms disclosed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/96021/000009602123000197/0000096021-23-000197-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/96021/000009602123000197/syy-20231031.htm
  HTML page:      https://secwatch.observer/filing/0000096021-23-000197

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