SYSCO CORPORATION Reports Fourth Quarter Earnings Results for FY2023
August 11, 2023
🌥️Earnings Overview
On August 1 2023, SYSCO CORPORATION ($NYSE:SYY) announced their fourth quarter earnings results for the fiscal year ending June 30 2023. Revenue for the quarter totaled USD 19728.2 million, a 4.1% increase compared to the same quarter in the prior year. Net income also increased significantly, rising 43.9% from the prior year to USD 733.7 million.
Price History
On the stock market, SYSCO CORPORATION shares opened at $76.9 and closed at $76.2, down by 0.2% from last closing price of 76.3. This reflects the overall sentiment of investors towards SYSCO CORPORATION’s fourth quarter earnings results. The company’s total revenue and net income both increased significantly year over year, resulting in a positive outlook for investors. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sysco Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 76.32k | 1.77k | 2.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sysco Corporation. More…
| Operations | Investing | Financing |
| 2.87k | -784.61 | -2.06k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sysco Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 22.82k | 20.78k | 3.98 |
Key Ratios Snapshot
Some of the financial key ratios for Sysco Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.0% | 59.5% | 3.7% |
| FCF Margin | ROE | ROA |
| 2.7% | 98.1% | 7.7% |
Analysis
At GoodWhale, we recently conducted an analysis of SYSCO CORPORATION‘s wellbeing. After extensive research and evaluation, we have concluded that SYSCO CORPORATION is a low risk investment, according to our Risk Rating. We have detected one risk warning in non-financial areas, which can provide insight into the company’s future performance. If you would like to find out more about this risk warning, don’t hesitate to register with us. We are committed to providing you with accurate and reliable information about SYSCO CORPORATION and other companies. More…
Peers
Sysco Corp is in competition with US Foods Holding Corp, Performance Food Group Co, Sligro Food Group NV. Sysco is the largest foodservice distributor in North America with a market share of approximately 22 percent. The company operates approximately 330 distribution facilities serving approximately 425,000 customers.
– US Foods Holding Corp ($NYSE:USFD)
With a market cap of $6.65 billion as of 2022, US Foods Holding Corp is a foodservice distribution company that offers a broad range of food and non-food products to customers in the United States. The company operates through three segments: Foodservice, Retail, and E-commerce. The Foodservice segment provides products and services to restaurants, hotels, healthcare facilities, government entities, and educational institutions. The Retail segment offers products through a network of retail grocery stores, including supermarkets, supercenters, and convenience stores. The E-commerce segment provides products and services through an online platform.
– Performance Food Group Co ($NYSE:PFGC)
In 2022, Performance Food Group Co had a market cap of 8.2B and a ROE of 6.73%. The company is a foodservice distributor that delivers food and related products to restaurants, schools, healthcare facilities, and other customers in the United States.
– Sligro Food Group NV ($LTS:0MKM)
Sligro Food Group NV is a Dutch food retailing and wholesale company. The company has a market cap of 650.19M as of 2022 and a Return on Equity of 8.07%. Sligro Food Group NV is involved in the food retailing and wholesale business. The company operates supermarkets, hypermarkets, and convenience stores in the Netherlands, Belgium, and Luxembourg.
Summary
SYSCO CORPORATION reported strong financial results for the fourth quarter of FY2023, ending June 30 2023. Total revenue grew 4.1% to USD 19728.2 million compared to the same quarter in the prior year. Net income also increased significantly, by 43.9% YoY, to USD 733.7 million. These results suggest that SYSCO CORPORATION is well-positioned to continue its positive momentum going forward and is an attractive option for investors.
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