Why Food Products Distributor Sysco's Shares Are Falling Today
Why Food Products Distributor Sysco's Shares Are Falling Today
Sysco Corp (NYSE:SYY) shares are trading lower after the company reported third-quarter FY24 sales growth of 2.7% year-on-year to $19.38 billion, missing the analyst consensus estimate of $19.74 billion.
Sysco Corp（紐約證券交易所代碼：SYY）股價走低，此前該公司報告24財年第三季度銷售額同比增長2.7％，至193.8億美元，未達到分析師共識估計的197.4億美元。
U.S. Foodservice operations sales rose 3.4% Y/Y, and International Foodservice sales grew 4.5%.
美國餐飲服務業務銷售額同比增長3.4％，國際餐飲服務銷售額增長4.5％。
Gross profit increased 5.2% Y/Y to $3.6 billion, and the gross margin expanded 44 basis points to 18.6%.
毛利同比增長5.2％，達到36億美元，毛利率增長44個點子至18.6％。
The operating margin expanded 4 basis points to 3.7%, and operating income for the quarter rose 3.8% to $722 million. Non-GAAP operating margin expanded 22 basis points to 4.1%.
營業利潤率增長了4個點子至3.7％，該季度的營業收入增長了3.8％，達到7.22億美元。非公認會計准則營業利潤率增長22個點子至4.1％。
Adjusted EBITDA increased 8.5% Y/Y to $976.6 million in the quarter. Adjusted EPS of $0.96 beat the analyst consensus estimate of $0.95.
本季度調整後的息稅折舊攤銷前利潤同比增長8.5％，至9.766億美元。調整後的每股收益爲0.96美元，超過了分析師普遍預期的0.95美元。
Sysco held $598.3 million in cash and equivalents as of March 30. Operating cash flow for nine months totaled $1.4 billion, with a free cash flow of $863.7 million.
截至3月30日，Sysco持有5.983億美元的現金及等價物。九個月的運營現金流總額爲14億美元，自由現金流爲8.637億美元。
The company returned approximately $753 million of capital to shareholders via $500 million of share repurchases and $253 million of dividends in the quarter.
該公司在本季度通過5億美元的股票回購和2.53億美元的股息向股東返還了約7.53億美元的資本。
Sysco also announced that its board has appointed President and Chief Executive Officer Kevin Hourican to Chair of the Board of Directors. Edward D. Shirley has stepped down from his position as Chairman of the Board due to personal health reasons.
Sysco還宣佈，其董事會已任命總裁兼首席執行官凱文·霍里坎爲董事會主席。由於個人健康原因，愛德華·雪莉已辭去董事會主席的職務。
Effectively immediately, Hourican will serve as Chair of the Board and Chief Executive Officer.
Hourican將立即擔任董事會主席兼首席執行官。
"Lower traffic to restaurants year over year negatively impacted case volumes, but sequentially improved during the quarter. We converted the negative traffic at restaurants into sales and case growth at Sysco by taking market share, profitably," said Hourican.
“餐廳客流量同比減少對病例量產生了負面影響，但在本季度連續改善。我們通過佔有市場份額將餐廳的負流量轉化爲Sysco的銷售額和案例增長，實現了盈利。” Hourican說。
Outlook: Sysco said it remains confident in its FY24 guidance of five to ten percent adjusted EPS growth to $4.20-$4.40 versus an estimate of $4.32.
展望：Sysco表示，它對24財年的預期仍然充滿信心，即調整後的每股收益增長5％至10％，至4.20美元至4.40美元，而估計爲4.32美元。
Price Action: SYY shares are trading lower by 2.82% at $75.04 at the last check Tuesday.
價格走勢：在週二的最後一次檢查中，SYY股價下跌2.82％，至75.04美元。
Photo via Wikimedia Commons
照片來自維基共享資源
譯文內容由第三人軟體翻譯。