Sysco reports Q4 adjusted EPS $1.48, consensus $1.39

Reports Q4 revenue $21.1B, consensus $21.03B. “Sysco’s (SYY) Q4 results exceeded expectations, as improved financial outcomes were driven by Sysco-specific initiatives and improved restaurant industry traffic. Specific to our business, USFS local volumes improved sequentially by 200 bps, including a strong exit rate in June. Importantly, drivers of our progress accelerated during the quarter, with the momentum continuing in July, an encouraging signal as we begin the next fiscal year of profitable growth” said Kevin Hourican, Sysco’s Chair of the Board and Chief Executive Officer.