NYSE$SYY
Sysco Corp · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Sysco reported double-digit sales and profit growth, driven by effective inflation management, increased case volume, and market share gains.
Sysco Corporation announced strong financial results for the first quarter of fiscal year 2023, with double-digit growth in sales and profits. The company effectively managed inflation, increased case volume, and grew market share, while continuing to invest for growth and return capital to shareholders. Sysco reaffirmed its expectations to grow adjusted EPS by 26% - 35%, to $4.09 - $4.39, and to return $1.5 billion to shareholders during fiscal year 2023.
- Continued market share gains and volume growth.
- Gross profit per case improved.
- Double-digit profit growth.
- Continued investment for growth and return of capital to shareholders.
Headline financials
Revenue & EPS history
Sysco · Revenue · Quarterly
$19.1B
Revenue by segment
Sysco · $19.1B total across 4 segments · Q1 2023
- U.S. Foodservice$13.6B+17.2%71.1%
- International Foodservice$3.3B+13.8%17.2%
- SYGMA$1.93B+13.5%10.1%
- Other$307M+20.8%1.6%
Forward guidance
Sysco reaffirms expectations to grow adjusted EPS by 26% - 35%, to $4.09 - $4.39, and to return $1.5 billion to shareholders during fiscal year 2023.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+0.2%
Avg return
Earnings day
+0.9%
Avg return
5 days after
+2.0%
Avg return
30 days after
42%
30 / 71 earnings
Positive
+12.8%
Q1 2017
Best reaction
-9.6%
Q1 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | -1.6% | -1.7% | -1.7% | |
| Q2 2026 | +10.4% | +10.9% | +17.8% | |
| Q1 2026 | -2.7% | -4.8% | -2.7% | |
| Q3 2025 | -0.3% | +0.5% | +2.3% | |
| Q2 2025 | -6.0% | -5.1% | -2.8% | |
| Q1 2025 | -1.1% | -0.1% | +2.1% | |
| Q4 2024 | +4.6% | +4.7% | +5.8% | |
| Q3 2024 | -5.4% | -2.4% | -7.2% | |
| Q2 2024 | +7.7% | +8.4% | +7.7% | |
| Q1 2024 | +0.2% | +2.3% | +10.1% | |
| Q4 2023 | -0.9% | -3.3% | -8.7% | |
| Q3 2023 | -2.0% | -0.1% | -7.2% | |
| Q2 2023 | -0.2% | -1.8% | -3.3% | |
| Q1 2023 | -5.9% | -5.0% | -0.6% | |
| Q4 2022 | -5.8% | -2.3% | -4.3% | |
| Q3 2022 | +3.7% | +4.5% | +1.7% | |
| Q2 2022 | +1.8% | +3.3% | +0.1% | |
| Q1 2022 | -2.3% | -5.2% | -8.1% | |
| Q4 2021 | +6.4% | +8.2% | +6.2% | |
| Q3 2021 | -1.2% | +2.6% | -4.5% | |
| Q2 2021 | +6.7% | +7.7% | +11.0% | |
| Q1 2021 | +6.4% | +6.6% | +30.8% | |
| Q4 2020 | -0.7% | -0.9% | +2.8% | |
| Q3 2020 | -3.6% | -1.0% | +8.8% | |
| Q2 2020 | -8.6% | -5.8% | -14.0% | |
| Q1 2020 | -1.5% | -1.1% | +0.9% | |
| Q4 2019 | +4.8% | +4.2% | +10.1% | |
| Q3 2019 | +3.4% | +4.9% | +0.5% | |
| Q2 2019 | +2.8% | +4.1% | +4.3% | |
| Q1 2019 | -9.6% | -6.3% | -7.2% | |
| Q4 2018 | +8.3% | +9.3% | +8.8% | |
| Q3 2018 | +0.7% | +0.9% | +5.6% | |
| Q2 2018 | -2.5% | -4.7% | -1.7% | |
| Q1 2018 | -7.2% | -4.4% | +5.0% | |
| Q4 2017 | +0.0% | -0.8% | +3.7% | |
| Q3 2017 | -0.7% | -2.5% | -1.0% | |
| Q2 2017 | -0.6% | +0.2% | -0.4% | |
| Q1 2017 | +12.8% | +10.6% | +13.5% | |
| Q4 2016 | -0.2% | +0.5% | -5.0% | |
| Q3 2016 | +5.3% | — | — | |
| Q2 2016 | +7.5% | — | — | |
| Q1 2016 | -0.7% | — | — | |
| Q4 2015 | +2.8% | — | — | |
| Q3 2015 | -2.8% | — | — | |
| Q2 2015 | +0.9% | — | — | |
| Q1 2015 | -3.1% | — | — | |
| Q4 2014 | +3.0% | — | — | |
| Q3 2014 | +1.0% | — | — | |
| Q2 2014 | -1.4% | — | — | |
| Q1 2014 | +2.3% | — | — | |
| Q4 2013 | -5.4% | — | — | |
| Q3 2013 | -0.8% | — | — | |
| Q2 2013 | -2.2% | — | — | |
| Q1 2013 | -2.3% | — | — | |
| Q4 2012 | +5.6% | — | — | |
| Q3 2012 | +0.4% | — | — | |
| Q2 2012 | -5.0% | — | — | |
| Q4 2010 | -1.3% | — | — | |
| Q4 2011 | -1.3% | — | — | |
| Q1 2012 | +1.1% | — | — | |
| Q3 2011 | -1.3% | — | — | |
| Q2 2011 | +0.1% | — | — | |
| Q1 2011 | -0.9% | — | — | |
| Q4 2008 | +3.1% | — | — | |
| Q3 2009 | +0.0% | — | — | |
| Q3 2010 | +0.0% | — | — | |
| Q2 2010 | -2.0% | — | — | |
| Q2 2009 | -2.0% | — | — | |
| Q4 2009 | -0.0% | — | — | |
| Q1 2010 | -0.0% | — | — | |
| Q1 2009 | -0.0% | — | — |
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