Sysco falls as annual forecast unchanged despite Q1 results beat
** Shares of food distributor Sysco SYY.N down about 2% at $76.95 premarket ** SYY reiterates annual sales and profit forecast despite beating quarterly results ** Expects FY sales growth in range of 3% to 5% and adjusted EPS growth of 1%-3% ** Posts Q1 sales of $21.15 billion vs analysts' avg. estimate of $21.08 billion - data compiled by LSEG ** Logs adjusted EPS of $1.15 vs estimate of $1.12 ** As of last close, stock up 2% YTD (Reporting by Koyena Das) ((koyena.das@thomsonreuters.com))
Recent news on Sysco
See all newsBrief: Sysco Says Co Reaches Agreement With Teamsters Locals 630 And 848 To End Strike
U.S. STOCKS ON THE MOVE-Forgent Power, Vera Bradley, Wells Fargo
U.S. STOCKS ON THE MOVE-Forgent Power, Vera Bradley, Wells Fargo
U.S. STOCKS ON THE MOVE-Eli Lilly, Waystar, Wells Fargo
U.S. STOCKS ON THE MOVE-Eli Lilly, Waystar, Sysco