Sysco Corp. (SYY) Tops Q4 EPS by 1c, Revenue Misses
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/21/2026
- Wall St futures rise as AI stocks rally, crude prices fall
- Oil prices slide to 11-day low on hopes of US-Iran diplomacy, Saudi exports
- Paramount, Warner Bros jump on report of settlement progress in merger fight
- SpaceX and Tesla’s AI linkup is getting deeper. Here’s what Morgan Stanley sees
- Crypto stocks rise premarket as Bitcoin hits over seven-month high
- Far-left party wins Berlin election, pledging to nationalise housing
- Cybercrime feud erupts on dark web as notorious group claims hijack of rival's website
- Qatar Investment Authority targets $20B partnership with JPMorgan - Bloomberg
- Streamflation drives 39% of Americans to cancel streaming in 6 months
- FortuneX and WT Realty announce $600M merger deal
Sysco Reports Fourth Quarter and Full Year 2020 Results
August 11, 2020 8:01 AM EDTTHE COMPANY IS MAKING SUBSTANTIAL PROGRESS ON A BOLD TRANSFORMATION THAT WILLÂ ENABLE THE COMPANY TO IMPROVE HOW IT SERVES CUSTOMERS, DIFFERENTIATE FROM COMPETITORS, AND TRANSFORM THE INDUSTRY
HOUSTON, Aug. 11, 2020 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE: SYY) today announced financial results for its 13-week fourth fiscal quarter and its fiscal year ended June 27, 2020.
Fourth Quarter Fiscal 2020 Highlights
Sales decreased 42.7% to $8.9 billionGross profit decreased 47.4% to $1.6 billion; gross margin decreased 159 basis pointsOperating income (loss) decreased 173.8% to $(531.6) million; adjusted¹ operating income (loss) decreased 104.1% to $(33.9) millionEarnings (loss)... More