secwatch.observer — SEC 8-K summary
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Issuer:     SYSCO CORP (SYY)
CIK:        0000096021
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0000096021-24-000040
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sysco Q3 FY2024: Adj EPS $0.96 (+6.7%); raises cost-out target to $120M
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- Sales +2.7%; U.S. Foodservice volume +2.9%; local volumes +0.4%.
- GAAP EPS $0.85 vs $0.84; adjusted EPS $0.96 (+6.7%).
- Gross profit $3.6B (+5.2%); operating income $722M (+3.8%); adj operating income $799M (+8.4%).
- Raised FY2024 cost-out target from $100M to $120M.
- Returned $753M to shareholders ($500M buybacks, $253M dividends); on track for $2.25B for FY24.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/96021/000009602124000040/0000096021-24-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/96021/000009602124000040/syy-20240430.htm
  HTML page:      https://secwatch.observer/filing/0000096021-24-000040

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