Sysco is a big company that sells food and supplies to restaurants and other places that serve food. In the last three months, they made $20.56 billion in sales, which is 4.2% more than the same time last year. They also made $1.39 in profit per share, which is 3.2% more than last year.
Some important numbers that show how the company is doing are:
- They made $3.79 billion selling food and supplies to restaurants outside of the United States, which is a bit less than what experts thought they would make.
- They made $14.41 billion selling food and supplies to restaurants inside the United States, which is more than what experts thought they would make.
- They made $310 million selling other things, which is less than what experts thought they would make.
- They made $2.04 billion selling supplies to other businesses, which is a little more than what experts thought they would make.
- Their operating income, which is the money they have left after paying all their expenses, was $702 million, which is more than what experts thought it would be.
- Their gross profit, which is the difference between how much they sell their products for and how much they paid to make them, was $2.48 billion, which is more than what experts thought it would be.
Overall, the company did better than what experts expected in most areas, and their stock price has gone up a little bit.
Read from source...
- Inconsistency: The article is about Sysco's Q4 earnings, but the stock price performance mentioned is for the past month, which is not relevant for the earnings report.
- Bias: The article uses phrases like "beating earnings and revenue estimates" and "surprise of +0.24%" to imply that the results were better than expected, while the actual numbers show that the company missed both earnings and revenue estimates by a considerable margin.
- Irrational argument: The article claims that Sysco delivered an EPS surprise of +0.72%, but the consensus EPS estimate was $1.38, not $1.34 as reported. This is a factual error that makes the argument invalid.
- Emotional behavior: The article ends with a promotion for Benzinga's services, which is unrelated to the topic of the article and may be seen as an attempt to sway the reader's opinion.
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Article's Tone (conversational, formal, casual): casual
- Sysco reported Q4 earnings on July 30, 2024.
- The company beat on both the top and bottom lines, with revenue of $20.56 billion and EPS of $1.39.
- Key metrics, such as revenue from international and U.S. foodservice operations, sales from other segments, and gross profit from SYGMA, were also positive.
- Shares of Sysco have returned +4.8% over the past month, outperforming the Zacks S&P 500 composite.
- The stock has a Zacks Rank #3 (Hold) at the time of the earnings report.