Sysco Corporation ( (SYY) ) has released its Q3 earnings. Here is a breakdown of the information Sysco Corporation presented to its investors.
Sysco Corporation is the world’s largest distributor of food and related products to restaurants, healthcare, educational facilities, and other meal-preparation venues, operating in the foodservice industry with a strong presence in 10 countries through 340 distribution centers.
Sysco Corporation’s third-quarter fiscal year 2025 results were impacted by external challenges such as California wildfires and adverse weather, which, along with weakening consumer confidence, led to a performance below internal expectations. Despite these challenges, Sysco reported a slight increase in sales and is focusing on growth and profit improvement activities.
Key financial metrics for the quarter include a 1.1% increase in sales to $19.6 billion, while gross profit decreased by 0.8% to $3.6 billion. Operating income fell by 5.7% to $681 million, with net earnings declining by 5.6% to $401 million. The U.S. Foodservice segment saw a 2.0% decrease in volume, while international operations managed to grow sales by 2.2% on a constant currency basis.
Sysco’s management remains optimistic about the future, highlighting ongoing investments in long-term growth and a disciplined approach to capital allocation. The company expects sales growth of approximately 3% and adjusted EPS growth of at least 1% for the fiscal year 2025, while continuing to return significant value to shareholders through dividends and share repurchases.