SYY / Sysco stock sinks as profit misses expectations as the COVID environment led to higher costs

Start Time: 10:00 January 1, 0000 11:06 AM ET Sysco Corporation (NYSE:SYY ) Q1 2024 Earnings Conference Call October 31, 2023, 10:00 AM ET Company Par more_horizontal

Sysco's (SYY) first-quarter results reflect sales and earnings growth due to higher volumes, robust margin management and efficient productivity enhan more_horizontal

Sysco's (SYY) first-quarter results are likely to reflect gains from the Recipe for Growth program amid soft industry volumes. more_horizontal

Sysco (SYY) benefits from its diversified business structure, strategic priorities and acquired assets. However, it has been subject to product cost i more_horizontal

Sysco (SYY) breaks ground on a new 353,600-square-foot facility, Sysco Arizona East. Management expects to start construction this fall, with operatio more_horizontal

Sysco (SYY) reveals its intentions to take over Edward Don & Company. This is likely to help Sysco establish a specialty Equipment and Supplies platfo more_horizontal

Sysco (SYY) has been encountering slower overall industry market volume growth, product cost inflation, rising operating expenses and a high tax rate. more_horizontal

Sysco (SYY) has been grappling with the adverse impacts of product cost inflation, escalating operating costs and expenses, and foreign exchange headw more_horizontal