The Latest Breaking News from SYY

The stock market has experienced wild swings this year amid the Fed’s battle to curb the multi-decade high inflation levels with its stringent interest rate hikes. This has raised recession fears, and many economists now foresee an economic downturn. Amid the market turbulence, investors could buy dividend aristocrats AbbVie (ABBV),…

A possible recession caused by the Fed’s continued interest rate hikes is expected to weigh on investor sentiment and keep the market volatile in the upcoming months. Therefore, investors looking to limit risks and add stability to their portfolios could buy Sysco (SYY), Hillenbrand (HI), Ennis (EBF), Sisecam Resources (SIRE),…

The stock market has been gyrating wildly lately on concerns over the Fed’s tighter monetary policy to tamp down inflation, and on ongoing geopolitical crises. Furthermore, many analysts expect the U.S. economy to slide into a recession soon. Given the uncertainty surrounding the market, we think it could be wise…

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…

Many experts believe that the Federal Reserve’s aggressive monetary policy to control surging inflation could push the economy into a recession. Since consumer staples companies weather recessionary pressure well because of inelastic demand for their products, we think it could be wise to bet on the stocks of fundamentally sound…

Sysco Corp (NYSE:SYY) reported third-quarter FY22 sales growth of 42.9% year-on-year to $16.90 billion, beating the consensus of $15.91 billion. The U.S. Foodservice operations sales rose 43.6% Y/Y, and International Foodservice sales grew 64.5%. Gross profit increased 42% Y/Y to $3.0 billion, and the gross margin fell 12 basis points to 17.8%. The…

  Sysco (NYSE:SYY) reported its Q3 earnings results on Tuesday, May 10, 2022 at 08:00 AM. Here's what investors need to know about the announcement. Earnings Sysco beat estimated earnings by 29.09%, reporting an EPS of $0.71 versus an estimate of $0.55.

Sysco (NYSE:SYY) is set to give its latest quarterly earnings report on Tuesday, 2022-05-10. Here's what investors need to know before the announcement. Analysts estimate that Sysco will report an earnings per share (EPS) of $0.55.

Looming interest rate increases to tame surging inflation, intensifying geopolitical tensions, and the possibility of an economic slowdown will likely keep the stock market under pressure in the near term. Therefore, we think fundamentally sound dividend aristocrats Sysco Corporation (SYY) and Nucor Corporation (NUE) could be ideal bets to ensure…