Sysco Corporation (SYY), headquartered in Houston, Texas, sells, markets, and distributes food products to restaurants, healthcare, educational facilities, lodging establishments, and other customers who prepare meals away from home. Valued at $35.46 billion by market cap, the company’s products include equipment and supplies for the food service and hospitality industries. It operates 334 distribution facilities worldwide and serves approximately 725,000 customer locations. The foodservice leader is expected to announce its fiscal fourth-quarter earnings for 2024 before the market opens on Tuesday, Jul. 30.
Ahead of the event, analysts expect SYY to report a profit of $1.38 per share on a diluted basis, up 3% from $1.34 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports. During the previous quarter, SYY returned about $753 million to shareholders via $500 million of share repurchases and $253 million of dividends.
