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Sysco Forecasts Strong Annual Results On Resilient Demand
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Hospitality Ireland
Sysco on Tuesday forecast strong annual results after beating quarterly sales and profit estimates, helped by improving orders from customers despite macroeconomic uncertainty and an outbreak of cyclosporiasis in the US.
The company expects fiscal year 2027 sales to grow 6% to 7%, compared with analysts' estimates of 5.12%, according to data compiled by LSEG.
It also sees adjusted earnings per share growth for the year between 9% and 11%, compared with estimates of 7.52%.
Sales rose 4.7% to about $22.12 billion (€19.16 billion) for the quarter ended June 27, compared with analysts' estimate of a 3.8% rise to $21.94 billion (€19.01 billion).
Sysco reported quarterly adjusted profit per share of $1.53, beating estimates of $1.51.