NYSE$SYY

Sysco Corp · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

Sysco's financial performance in Q2 2025 reflected sales and profit growth, driven by International, SYGMA, and National sales businesses, with improvements in local customer acquisition and margin expansion.

Sysco reported a 4.5% increase in sales, reaching $20.2 billion, and a 3.9% increase in gross profit to $3.7 billion. Operating income rose by 1.7% to $712 million, with adjusted operating income up 5.1% to $783 million. EPS was $0.82, while adjusted EPS increased by 4.5% to $0.93. The company reiterated its FY25 guidance, projecting sales growth of 4-5% and adjusted EPS growth of 6-7%.

  • Sales increased by 4.5%, with U.S. Foodservice volume up by 1.4%.
  • Gross profit increased by 3.9% to $3.7 billion.
  • Operating income increased by 1.7% to $712 million, while adjusted operating income increased by 5.1% to $783 million.
  • Adjusted EPS increased 4.5% to $0.93.

Headline financials

Total Revenue

$20.2B

Previous: $19.3B+4.5%
EPS (adj)

$0.93

Previous: $0.82+13.4%
Capital Expenditures

-$211M

Previous: -$175M-20.3%
Net Income

$406M

Previous: $415M-2.2%
Operating Income

$712M

Previous: $700M+1.7%
Gross Profit

$3.7B

Previous: $3.51B+5.3%
Stock-Based Comp

$30M

Previous: $28.8M+4.1%

Revenue & EPS history

Sysco · Revenue · Quarterly

$20.2B

Q2 2025+4.5%vs Q2 2024
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

Sysco · $19.6B total across 4 segments · Q1 2024

  • U.S. Foodservice
    $13.7B+0.7%
  • International Foodservice
    $3.7B+12.1%
  • SYGMA
    $1.91B-1.4%
  • Other
    $307M+0.1%

Forward guidance

Sysco is reiterating FY25 guidance, with sales growth of 4-5% and adjusted EPS growth of 6-7%.

Tailwinds

  • Expectations regarding future improvements in productivity
  • Belief that improvements in our organizational capabilities will deliver compelling outcomes in future periods
  • Expectations regarding improvements in international volume
  • Expectations that our transformational agenda will drive long-term growth
  • Expectations regarding volume growth and benefits to gross margins

Headwinds

  • Expectations regarding the continuation of an inflationary environment
  • Expectations regarding improvements in the efficiency of our supply chain
  • Expectations regarding the impact of our Recipe for Growth strategy and the pace of progress in implementing the initiatives under that strategy
  • Expectations regarding Sysco’s ability to outperform the market in future periods
  • Expectations that our strategic priorities will enable us to grow faster than the market

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 Q2 2025

Historical avgQ2 2025

+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

Earnings price reactions
QuarterReport dateReaction (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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