During the 2024 Wells Fargo Consumer Conference, Sysco CEO Kevin Hourican said that traffic in Q4 was down roughly 3% at restaurants, and the for the current quarter, that global industry traffic has “softened a bit.” “It’s softer than that minus 3%, ” Hourican said, “We said in our conference a couple of week sago that July was minus 5%.” The CEO later added that, despite this softness, the company has “full confidence” in its 2025 guidance.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SYY:
- Sysco price target raised to $88 from $85 at JPMorgan
- Canada’s Largest Food Distributor Adds Electric Tractors to Fleet in Victoria, British Columbia
- Sysco files automatic mixed securities shelf
- Twenty-Three Sysco Delivery Partners Inducted Into the 2024 International Foodservice Distribution Truck Driver Hall of Fame
- Sysco Leading the Industry in FSMA Food Traceability Compliance