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Sysco logoSysco SYY

The company said sales for its 13-week Q2 (ended December 28, 2024) rose 4.5% to $20.2 billion, operating income rose 1.7% to $712 million, and diluted EPS was $0.82, flat with the same period a year earlier.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said sales for its 13-week Q2 (ended December 28, 2024) rose 4.5% to $20.2 billion, operating income rose 1.7% to $712 million, and diluted EPS was $0.82, flat with the same period a year earlier.

  2. Sysco said adjusted operating income for Q2 rose 5.1% to $783 million, and adjusted EPS rose 4.5% to $0.93. The company said adjusted measures are non-GAAP measures that exclude restructuring and transformation project costs, acquisition-related costs and other items.

  3. The company said operating cash flow for the first 26 weeks of fiscal 2025 was $498 million, a decrease of $358 million from the prior-year period. It said it returned $803 million to shareholders over the same period, including $300 million in share repurchases and $503 million in dividends.

  4. The company said it reiterated its fiscal FY25 outlook, calling for sales growth of 4 to 5% and adjusted EPS growth of 6 to 7%. It said it raised its share repurchase plan to $1.25 billion from the prior plan of $1 billion, and dividends are expected to be $1 billion, bringing total annual shareholder returns to approximately $2.25 billion.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

Sysco Q2 Sales, Operating Income and EPS

The company said sales for its 13-week Q2 (ended December 28, 2024) rose 4.5% to $20.2 billion, operating income rose 1.7% to $712 million, and diluted EPS was $0.82, flat with the same period a year earlier.

Source · Based on the filing body and exhibits

Adjusted Operating Income and Adjusted EPS

Sysco said adjusted operating income for Q2 rose 5.1% to $783 million, and adjusted EPS rose 4.5% to $0.93. The company said adjusted measures are non-GAAP measures that exclude restructuring and transformation project costs, acquisition-related costs and other items.

Source · Based on the filing body and exhibits

26-Week Cash Flow and Shareholder Returns

The company said operating cash flow for the first 26 weeks of fiscal 2025 was $498 million, a decrease of $358 million from the prior-year period. It said it returned $803 million to shareholders over the same period, including $300 million in share repurchases and $503 million in dividends.

Source · Based on the filing body and exhibits

Sysco Reiterates Annual Guidance and Upsizes Share Repurchases

The company said it reiterated its fiscal FY25 outlook, calling for sales growth of 4 to 5% and adjusted EPS growth of 6 to 7%. It said it raised its share repurchase plan to $1.25 billion from the prior plan of $1 billion, and dividends are expected to be $1 billion, bringing total annual shareholder returns to approximately $2.25 billion.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.