Sysco - SYY STOCK NEWS

Sysco Corporation (NYSE:SYY) faces a work stoppage due to an impasse with the International Brotherhood of Teamsters in Boston and Syracuse. Despite offering substantial wage increases and improved benefits, negotiations have stalled as union leaders reject the proposals without allowing member votes. Sysco argues that the union's push for a pension plan is detrimental to associates. The impasse threatens food supply chains and community services, as Sysco continues to prioritize negotiations to resolve the situation.

Sysco Corporation (NYSE:SYY) will hold a conference call on Nov. 1, 2022, at 10 a.m. EDT to discuss its first-quarter fiscal year 2023 financial results. Interested parties can listen online at investors.sysco.com. A news release and slide presentation will be available prior to the call. Sysco, a global leader in food distribution, generated over $68 billion in sales for fiscal year 2022, ending July 2, 2022. The company operates 333 distribution facilities worldwide and serves approximately 700,000 customer locations.

Sysco Corporation (NYSE:SYY) will webcast its presentation at the Wells Fargo 5th Annual Consumer Conference on September 21 at 11:00 a.m. EDT. The live webcast can be accessed at investors.sysco.com, with an archived replay available after the event. Sysco, the global leader in food distribution, reported over $68 billion in sales for fiscal year 2022, serving approximately 700,000 customers through 333 distribution facilities worldwide.

Sysco Corporation (NYSE:SYY) has declared a quarterly cash dividend of $0.49 per share, scheduled for payment on Oct. 28, 2022. This distribution will benefit common stockholders recorded by the close of business on Oct. 7, 2022. In the fiscal year ending July 2, 2022, Sysco reported sales exceeding $68 billion, solidifying its position as a leader in food distribution across various sectors including restaurants and healthcare.

Sysco Corporation (NYSE:SYY) announced a webcast of its presentation at the 2022 Barclays Global Consumer Staples Conference, scheduled for Sept. 8 at 9:00 a.m. EDT. Interested parties can access the live webcast at investors.sysco.com, with an archived replay available shortly afterward. Sysco emphasizes utilizing its investor relations website for public disclosures, ensuring transparency for investors.

Sysco Corporation (NYSE: SYY) reported strong financial results for its fourth fiscal quarter and full year ended July 2, 2022, with sales increasing by 17.5% to $19.0 billion. The company achieved a 33.8% increase in annual sales, totaling $68.6 billion. Gross profit rose 18.1% to $3.4 billion, while operating income surged 34.6% to $766.7 million. The adjusted EPS grew to $1.15, a 74.2% increase compared to last year. Sysco expects adjusted EPS growth of 26%-35% for fiscal year 2023.

Sysco Corporation (NYSE: SYY) announced a $1 million donation to Feeding America to support local food banks through its Nourishing Neighbors program. This donation, aimed at combating hunger exacerbated by inflation and supply chain issues, will assist 42 food banks, providing access to 10 million meals. Since 2018, Sysco's program has contributed over $12 million to charity, with a goal of generating $500 million in community aid by Fiscal Year 2025. In FY 2022, Sysco donated over 12 million pounds of food, equating to 10 million meals, to Feeding America.

Sysco Corporation (NYSE:SYY) will appear on Military Makeover: Operation Career on July 22 and 28, 2022. The show, hosted by Montel Williams, features military veterans transitioning to civilian life and highlights companies providing job opportunities. Sysco will showcase veterans such as Tim Jackson and Eric Young, along with executive Marie Robinson, a veteran herself. Sysco emphasizes the importance of investing in veterans, leveraging their skills and values for business success, and actively recruits veterans through dedicated resources and partnerships with military organizations.

Sysco Corporation (NYSE:SYY) will conduct a conference call and webcast on August 9, 2022, at 10 a.m. EDT to discuss its fourth quarter and fiscal year 2022 financial results. Interested parties can access the webcast through investors.sysco.com. Sysco is the leading global distributor of food products, serving over 650,000 customer locations with more than 58,000 employees across 343 distribution facilities. For fiscal 2021, Sysco achieved sales exceeding $51 billion.