Sysco Q1 Adj. EPS Miss Estimates, But Sales Top; Reaffirms FY22 Outlook

Sysco To Buy Cash & Carry Firm Jetro Restaurant Depot; Backs Outlook, Pauses Buyback; Stock Down

Restaurant food distributor Sysco Corp. announced Monday its agreement to acquire Cash & Carry food wholesaler Jetro Restaurant Depot in a deal with a total enterprise value of approximately $29.1 billion. Further, Sysco maintained third-quarter and fiscal 2026 outlook. Sysco added that it is pausing its share repurchase program to prioritize rapid de-leveraging following the acquisition.

RTTNews | 216 hari yang lalu

Frozen Shakes Sold To Care Facilities Recalled After Listeria Outbreak, Death

Frozen supplemental shakes under Lyons ReadyCare and Sysco Imperial brands sold to hospitals and long-term care facilities have been recalled following a multistate outbreak of Listeria monocytogenes, including deaths. Sysco Corp., Lyons Magnus LLC, and their third-party manufacturer Prairie Farms Dairy, Inc. have called back 4 oz. Lyons ReadyCare and Sysco Imperial Frozen Supplemental Shakes.

RTTNews | 615 hari yang lalu

Sysco Q3 Adj. EPS Tops Estimates, But Sales Miss; Appoints Kevin Hourican As Chairman

Sysco Corp. (SYY) reported Tuesday net earnings for the third quarter of $424.69 million or $0.85 per share, compared to $429.60 million or $0.84 per share in the prior-year quarter.

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Sysco To Acquire Edward Don & Co. For Undisclosed Terms

Sysco Corp. (SYY) announced Wednesday it has agreed to acquire Edward Don & Co., a leading distributor of foodservice equipment, supplies, and disposables based in Chicago, IL.

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U.S. Dollar Ticks Lower As Investors Monitor Developments In Middle East

The U.S. Dollar value posted incremental losses on Friday as markets focused on the U.S. call to Iran for discussions to avert a planned intense attack by the U.S. on Iran after November mid-term elections. Iran has not responded until now.

RTTNews | 1 hari yang lalu

TSX Drops Nearly 2.5%; Materials, Tech Stocks Down Sharply

Canadian stocks are down sharply on Friday amid renewed fears about inflation and interest rates following oil prices climbing higher amid supply concerns after a tanker attack in the Strait of Hormuz.

RTTNews | 1 hari yang lalu

Swiss Market Ends Modestly Higher

The Switzerland market's benchmark SMI ended modestly higher on Friday after holding firm throughout the trading session, outperforming most of its peers in Europe.

RTTNews | 1 hari yang lalu

Major European Markets End Mixed As Investors React To Earnings, Economic Data

The major European markets closed mixed on Friday even as most of the other markets across the continent ended notably lower, as investors reacted to a slew of corporate earnings announcements and the latest batch of regional economic data. Higher oil prices and weakness in the tech sector due to renewed uncertainty about returns on AI-related investments hurt sentiment.

RTTNews | 1 hari yang lalu

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