What's Going on With Sysco Stock Tuesday? - Sysco (NYSE:SYY)

Sysco shares were in focus after the food distributor reported results that beat expectations. Adjusted earnings were $1.53 per share, topping the consensus $1.51. Quarterly sales rose 4.7% year over year to $22.124 billion, ahead of the Street’s $21.938 billion. GAAP net earnings increased 3.8% to $551 million, and diluted EPS rose to $1.15 from $1.10 a year earlier. Gross profit grew to $4.13 billion, but gross margin tightened 17 basis points to 18.7% due to product cost inflation, mainly meat and fresh produce. Sysco also raised fiscal 2027 guidance for adjusted EPS to $5.03–$5.12, despite last month’s recall involving Taylor Farms-processed iceberg lettuce tied to a multistate cyclosporiasis outbreak.