The Latest Breaking News from Sysco

Sysco Corporation, a foodservice distribution company, announced its intention to purchase up to nearly 800 all-electric Freightliner eCascadia Class 8 tractors.

Foodservice distribution company Sysco Corp (NYSE:SYY) has signed a Letter of Intent (LOI) with Daimler Truck North America (DTNA) for electric vehicle deployment. Under the agreement, Sysco will deploy up to nearly 800 battery-electric Freightliner eCascadia Class 8 tractors by 2026. The financial terms were not disclosed. The first eCascadia delivery is expected to arrive at Sysco's…

Sysco (NYSE:SYY) has observed the following analyst ratings within the last quarter:

Despite rising food prices and deepening supply chain disruptions, the growing demand for fresh and frozen food products should benefit food distribution companies Sysco (SYY) and US Foods (USFD). But which of these stocks is a better buy now? Read more to find out.

The Russia-Ukraine war has led to heightened volatility in the stock market. The consumer staples sector faces a persistent demand, making them decline less during bear markets. Therefore, it could be worth buying the dip in consistent dividend-paying stocks in the consumer staples sector Colgate-Palmolive (CL), Sysco Corporation (SYY), and…

Over the past 3 months, 7 analysts have published their opinion on Sysco (NYSE:SYY) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Analysts have provided the following ratings for Sysco (NYSE:SYY) within the last quarter:

If history is any guide, there may be good fortune ahead for shares of Sysco (NYSE:SYY). A so-called "golden cross" has formed on its chart and, not surprisingly, this could be bullish for the stock.

Pulled from Benzinga Pro data, Sysco (NYSE:SYY) posted Q2 earnings of $167.44 million, an increase from Q1 of 55.7%. Sales dropped to $16.32 billion, a 0.83% decrease between quarters.