Sees capital investments in technology, fleet, buildings. Targeting 50-100 bps of growth annually from M&A; integration of Edward Don business progressing as planned. Says strong pipeline of tuck-in acquisitions focused on Broadline, Specialty and Cuisine-Type opportunities as well as underpenetrated markets in U.S., UK and Canada. Says 96% of debt fixed at attractive rates. Says committed to dividend aristocrat status. Comments taken from Q2 conference call investor presentation.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on SYY:
- Sysco Reports Second Quarter EPS Growth, Driven By Increasing Volumes and Positive Operating Leverage
- Sysco price target raised to $82 from $75 at JPMorgan
- Sysco price target raised to $84 from $76 at Morgan Stanley
- Sysco to Release Second Quarter Fiscal Year 2024 Financial Results on January 30
- Sysco price target raised to $85 from $77 at Barclays
