Sysco Corp

SYY: XNYS (USA)
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Sysco Earnings: Local Cases Grow but Food Deflation and Savings Prospects Worry; Shares Attractive

Sysco’s fiscal 2027 first-quarter sales rose 2.8%, led by 2.7% local case growth, while enterprise inflation (up 0.3%) was below its 1.4% expectation. Soft sales and costs threaten its 9%-11% full-year adjusted EPS outlook, which rose just 3.5% in the quarter, sending shares down 9% on Nov. 3.

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