By Dean Seal
Sysco is guiding for sales to keep rising in the fiscal year ahead after recording revenue gains and seeing strong momentum coming out of the latest completed quarter.
The Houston-based foodservice distributor on Tuesday said it expects sales to rise 3% to 5% for fiscal 2026, which started at the end of last month, to between $84 billion and $85 billion. Analysts surveyed by FactSet had been targeting $84.42 billion.
Adjusted earnings meanwhile are projected to hit $4.50 to $4.60 a share, beneath current analyst forecasts for $4.67 a share.
Shares ticked down 3.9% to $77.21 in premarket trading.
For the fiscal fourth quarter ended June 28, Sysco posted a profit of $531 million, or $1.10 a share, compared with $612 million, or $1.23 a share, in the same quarter a year earlier.
Stripping out one-time items, adjusted earnings were $1.48 a share. Analysts surveyed by FactSet had been expecting $1.39 a share.
Sales rose 2.8% to $21.14 billion, above estimates for $21.03 billion, according to FactSet.
The company's U.S. foodservice operations business saw slightly lower volumes from negative industry food traffic, though sales were up overall.
Chief Executive Kevin Hourican said the company ended the quarter with strong momentum that has continued into July.
Write to Dean at dean.seal@wsj.com
(END) Dow Jones Newswires
July 29, 2025 08:31 ET (12:31 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。