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Sysco Corporation (SYY)

NYSE - Nasdaq Real Time Price. Currency in USD
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80.91+1.28 (+1.61%)
At close: 4:00PM EST
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  • B
    Brindee
    ******
    Queen Cathie bought 97,051 shares of Square!!!!!!
    ******
  • B
    Brindee
    ARK bought 797,270 $$$$
  • P
    PIDDIE
    SYY- PRICE CHANGE UPWARD BY WELLS FARGO -2021-01-27 11:44:00 GMT DJ Sysco Price Target Raised TO $89.00/Share FROM $80.00 by Wells Fargo.
  • H
    Howie
    53 week high....it is simple....one banker says to the CFO...let us keep your stock at 90% of previous highs as you watch sales and profits plummet.. .just give us the underwriting of your next debt offering or refinancing
  • H
    Howie
    I find it fascinating that SYSCO has recovered after so many restaurants are closed and or operating at 50%. It is almost like they don't operate in the food supply business. This whole market is unbelievable.
  • C
    Ch3
    Will go down to $66 today...
  • R
    Rusty0601
    https://www.houstonchronicle.com/bayarea/article/Aplidin-new-COVID-19-drug-treatment-15896817.php

    this is what I have been waiting for, not a vaccine, but better treatments that will reduce the severity. more will be coming and that will change covid from a severe problem to a minor one.

    add the new JNJ vaccine and SYY will be much stronger in a month.
    A UCSF-led science team may have found another breakthrough drug treatment to fight COVID-19.
    A UCSF-led science team may have found another breakthrough drug treatment to fight COVID-19.
    www.houstonchronicle.com
  • D
    DaveC
    What drives this stock up since earnings? Which were terrible, but expected to be. Is this a re-opening play? I can see that but not why it jumps this last week.
  • H
    Howie
    15% return in a month? Seems odd for a food delivery company whose sales have dropped. Lots of hope in the future.
  • r
    ron
    SSY has some more room to fall before an upside. Its to early in covid damage for profitability.
  • E
    ElGuapo1
    VERO BLUE IS OURS BABY!!!!!!!!
    $SYY
  • C
    Carl
    Just what competition does SYY have anyway?
  • P
    PELOSIPHOBIC
    What an “Amazing“ opportunity to accumulate!
    SYSCO will continue to show consistent profit growth, even taking in to consideration the currently recovering market. It retains the highest margins comparable to its competitors, as well as market share. SYY monopolizes the food industry's North American distribution network, and continues to purse growth in to the international markets.
    Looking at the strength of its financials, I believe SYSCO has not only a proven track record, but the potential to well exceed its current depressed levels in the months to come.
  • M
    Mitch
    Strong company will not go bankrupt. When virus flattens and restaurants start opening back up the stock will sky rocket. Although, it may go down more than it has already in the next few weeks. Good company to keep an eye on.
  • P
    P
    Price Performance

    This Zacks Rank #4 (Sell) stock has lost 32.6% in the past six months compared with the industry’s decline of 8.4%.
  • J
    John
    This is a long hold stock. Good dividends and 25+ year growth potential. The largest and best in the industry with world-wide development abilities. For me an awesome stock is one that gives long term and safe returns.
    :-)
  • P
    P
    as for the grocery store sales they squacking about, average drop 20 cases. company averaged $1.00 per case if all goes well with delivery. in florida we see mostly US foods trucks on the road
  • P
    P
    Our total Sysco results for the fourth quarter include a sales decrease of 43% to $8.9 billion. Local case volume within US Broadline operations decreased 38.7% for the fourth quarter, while total case volume within US Broadline operations decreased 41.5%. As a result of the COVID-19 pandemic, we saw a significant decline in both volume and sales across all the business segments. Gross profit decreased 47% to $1.6 billion and gross margin decreased 159 basis points. Our gross margin for the fourth quarter was impacted by pricing to help move inventory and avoid spoilage and by a temporary shift in customer mix as a result of the current operating environment. These results were in line with our previous guidance as it relates to margins.
    Adjusted operating expense decreased 26% to $1.6 billion. It is important to note that we had $115 million of incentive pay accrual reversals that favorably impacted operating expenses and the run rate in Q1 of fiscal 2021 will be normalized when compared to Q4 fiscal 2020. With that said, the adjusted operating income run rate was profitable in June, even with -- even without the accrual reversal. Adjusted operating income decreased 104% to a loss of $34 million and adjusted earnings per share decreased 126% to a negative $0.29 for total Sysco. Across the business, our results were impacted by various financial certain items, which I will review before proceeding into individual segment results.
  • F
    Figureitout
    I for one, do not understand why the stock price drops every time they meet or beat expectations. . . ?
  • M
    Michael
    Love this stock, new to it, but I was really impressed with the CEO on CNBC recently. Bought in based on his sound reasoning, redirection of the company and some interesting new markets they are working in, whilst their main markets are shut. A well managed company, whod have thunk it in the USA. (joke)