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

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 | 165 days ago

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 | 564 days ago

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.

RTTNews | 1066 days ago

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

Sysco Corp. (SYY) reported Tuesday net earnings for the first quarter that increased to $465.57 million or $0.91 per share from $378.01 million or $0.73 per share in the prior-year quarter.

RTTNews | 1410 days ago

TSX Climbs On Tech Rally, Looks Set To End 6-day Losing Streak

The S&P/TSX Composite Index rose 0.36% Friday to 35,634.50 as technology stocks surged 3.5%, contributing significantly to gains. Oil prices fell following International Energy Agency's downward global oil demand forecast revision.

RTTNews | 45 minutes ago

Swiss Market Ends Modestly Higher

The Switzerland stock market closed modestly higher on Friday, in line with markets across Europe, as a sharp drop in oil prices helped lift sentiment.

RTTNews | 1h 18min ago

European Markets Rise As Oil Prices Fall On IEA Demand Cut

European markets gained ground Friday after the International Energy Agency cut its global oil demand forecast, sending Brent crude futures down 3.5% to $103.50. The IEA now projects world oil demand will drop 2.5 million barrels per day this year versus its prior estimate of 1.6 million bpd.

RTTNews | 1h 41min ago

U.S. Consumer Sentiment Deteriorates Much More Than Expected In September

A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. has deteriorated by much more than anticipated in the month of September. The University of Michigan said its consumer sentiment index slumped to 47.8 in September after tumbling to 51.7 in August. Economists had expected the index to edge down to 51.0.

RTTNews | 5h 2min ago

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