earnings
confidence high
sentiment positive
materiality 0.80
Sysco Q2 FY2024: Adjusted EPS $0.89 (+11.3%), sales up 3.7%, raises buyback to $1.25B
SYSCO CORP
2024-Q2 EPS reported
$1.81
revenue$38,908,396,000
- Sales +3.7%; U.S. Foodservice volume +3.4%; local volumes +2.9%.
- Adjusted EPS $0.89 (+11.3%); GAAP EPS $0.82 vs $0.28 last year.
- Operating income +9.2% to $700M; adjusted operating income +9.2% to $744.9M.
- Raised share repurchase expectations to $1.25B from $750M; total returns ~$2.25B in FY2024.
- Reaffirmed FY2024 guidance; first half cash from ops +70% to $855.9M, FCF +140.5% to $527.4M.