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Aug. 10, 2021, 8:20 a.m. EDT

Sysco shares jump after earnings beat, 'strong' July

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By Tonya Garcia

Sysco Corp. /zigman2/quotes/205335941/composite SYY -2.81% stock rose 4.5% in Tuesday premarket trading after the foodservice company reported fiscal fourth-quarter TKTKTK Net income totaled $151.1 million, or 29 cents per share, after a loss of $618.4 million, or $1.22 per share, last year. Adjusted EPS of 71 cents beat the FactSet consensus for 60 cents. Sales of $16.14 billion were up from $8.87 billion last year and also ahead of the FactSet consensus for $14.66 billion. The company says "currently [there are] no signs of Delta variant impacting demand," and July demand is strong. Sysco stock has slipped 1.1% for the year to date while the S&P 500 index /zigman2/quotes/210599714/realtime SPX -1.18% is up 18% for the period.

/zigman2/quotes/205335941/composite
US : U.S.: NYSE
$ 68.07
-1.97 -2.81%
Volume: 4.24M
Dec. 1, 2021 4:00p
P/E Ratio
51.19
Dividend Yield
2.76%
Market Cap
$35.91 billion
Rev. per Employee
$884,446
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/zigman2/quotes/210599714/realtime
US : S&P US
4,513.04
-53.96 -1.18%
Volume: 3.04B
Dec. 1, 2021 5:04p
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