Sysco Sees Growth In FY27 - Update
(RTTNews) - While reporting financial results for the fourth quarter on Tuesday, food products distributor Sysco Corp. (SYY) initiated its adjusted earnings and net sales growth guidance for the full-year 2027.
For fiscal 2027, the company now projects adjusted earnings growth of 9 to 11 percent on sales growth of 6 to 7 percent.
The company said the guidance includes approximately $100 million of efficiency improvements driven by an artificial intelligence (AI)-powered transformation of business processes and customer engagement.
In Tuesday's pre-market trading, SYY is trading on the NYSE at $85.80, up $0.83 or 0.98 percent.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.