Sysco Corporation · SYY · FY2025 Q2 · Calendar Q1 2025

Sysco Maintains FY2025 Guidance as International Growth and Savings Build

The supplied analysis supports a cautiously constructive operating thesis: international growth, strategic sourcing savings and sales-force initiatives provide potential support, but local-volume weakness, inflation and execution risks temper confidence.

Reported Before market openNYSEConsumer Defensive $40.14B market cap
80quality score

Earnings scorecard

Reported versus consensus
Reported EPS — Consensus $0.93
EPS surprise — Reported versus consensus
Reported revenue — Consensus $20.16B
Revenue surprise — Reported versus consensus

Market reaction

prior-close to event-session close
Stock move -6.0% Event window
SPY move +0.9% Same window
Abnormal move -6.8% Stock minus SPY
Volume 3.9× Versus trailing sessions
Subsequent drift +2.7% Up to 20 sessions
SYYSPY benchmark

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Transcript intelligence

What changed

Management continued to emphasize international growth and added detail on a $100 million annualized savings program, a larger share-repurchase plan, Greco Italian expansion and sales-force initiatives. The Mexico joint-venture divestiture also changes the international mix, while local case volume remains a concern.

Guidance delta

Maintained; management reiterated FY2025 guidance.

Key takeaways

  • Management described revenue growth as driven by modest volume gains and stable inflation.
  • International adjusted operating income rose 26.5%, with local case growth of 4.7% year over year.
  • Management highlighted $100 million of annualized savings and a $1.25 billion FY2025 share-repurchase plan.
  • The quarter also emphasized sales-force changes, Greco Italian expansion and Sysco-brand penetration.

Management priorities

  • Expand strategic sourcing and supply-chain efficiencies.
  • Roll out the Greco Italian platform into additional geographies.
  • Increase Sysco-brand product penetration and continue sales-force hiring.
  • Pursue selective specialty acquisitions and optimize assets.

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Earnings History

Estimate Beat Miss Match
SYY REVENUE earnings history estimate and actual scatter chart 9 reported fiscal quarters and 3 future estimate-only quarters. Q2 '24 estimate $19B Q2 '24 actual $19B, miss Q3 '24 estimate $20B Q3 '24 actual $19B, miss Q4 '24 estimate $21B Q4 '24 actual $21B, beat Q1 '25 estimate $20B Q1 '25 actual $20B, match Q4 '25 estimate $21B Q4 '25 actual $21B, beat Q1 '26 estimate $21B Q1 '26 actual $21B, beat Q2 '26 estimate $21B Q2 '26 actual $21B, match Q3 '26 estimate $21B Q3 '26 actual $21B, miss Q4 '26 estimate $22B Q4 '26 actual $22B, beat Q1 '27 estimate $22B Q2 '27 estimate $22B Q3 '27 estimate $21B
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Analyst Consensus ?

ConsensusHold30 ratings
Bullish1860.0%
Neutral930.0%
Bearish310.0%

Analyst 52W Price Targets

$81.59Previous close
$84Low
$90.3Average
$102High

Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 20, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
Morgan Stanley Equal Weight Equal WeightMaintainOct 15, 2026
JP Morgan Overweight OverweightMaintainSep 29, 2026
UBS Buy BuyMaintainAug 5, 2026
Piper Sandler Neutral NeutralMaintainAug 5, 2026
Citigroup Neutral NeutralMaintainAug 5, 2026
Show 25 more rating actions

Named analyst price targets

Upside is calculated against the persisted previous close $81.59. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
Morgan StanleyBrian Harbour$91$80.97 +11.5%Oct 15, 2026
GuggenheimJohn Heinbockel$90$79.6 +10.3%Sep 16, 2026
Piper SandlerAnalyst unavailable$84$82.79 +3.0%Aug 5, 2026
BernsteinAnalyst unavailable$85$73.37 +4.2%Apr 29, 2026
Deutsche BankAnalyst unavailable$84$73.37 +3.0%Apr 28, 2026
See 43 more

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Company context

Snapshot as of publication

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments. The company distributes frozen food, such as meat, seafood, fully prepared entrées, fruits, vegetables, and desserts; canned and dry food products; fresh meat and seafood products; dairy products; beverages; imported specialties…

Historical context

All SYY earnings

Latest beats and misses

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2025-01-14T00:00:50.895859+00:00
  3. Polygon adjusted daily market bars · 2026-10-20T12:30:42.689959+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-20T12:30:42.687238+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-10-20. For educational purposes only; not investment advice.