secwatch.observer — SEC 8-K summary
======================================

Issuer:     SYSCO CORP (SYY)
CIK:        0000096021
Form:       8-K
Filed at:   2024-01-30T23:59:59+00:00
Accession:  0000096021-24-000013
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sysco Q2 FY2024: Adjusted EPS $0.89 (+11.3%), sales up 3.7%, raises buyback to $1.25B
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/96021/000009602124000013/0000096021-24-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/96021/000009602124000013/syy-20240130.htm
  HTML page:      https://secwatch.observer/filing/0000096021-24-000013

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer