Food supplier Sysco falls after reiterating annual forecasts

Sysco

28/01/2025 15:06

(Updates)
    ** Shares of food distributor Sysco Corp  SYY.N  down as
much as 5.9% to $72.30 in early trading
    ** Co reiterates annual sales and profit forecasts after
beating Q2 revenue estimates amid an uneven demand recovery for
restaurants
    ** Co expects full-year sales growth of 4% to 5% and
adjusted EPS growth of 6% to 7%
    ** Posts Q2 sales of $20.15 billion vs estimates of $20.10
billion and adjusted EPS of 93 cents in line with expectations -
data compiled by LSEG
    ** Sales in U.S. food service, co's major segment, rose 4.1%
in Q2, compared to a 4.6% increase in prior quarter
    ** SYY rose 4.6% in 2024

 (Reporting by Neil J Kanatt in Bengaluru)
 ((Neil.JKanatt@thomsonreuters.com;))