Sales Growth and Earnings Per Share (EPS) Increase
Sysco reported a sales growth of 3.2% and an adjusted EPS growth of 5.5% for Q1, exceeding consensus expectations.
Improvement in Local Business
Local volumes grew, with U.S. Broadline local business inflecting positively, showing volume growth of 0.4%, outperforming the industry traffic improvement.
International Segment Success
The International segment delivered sales growth of 4.5% and adjusted operating income growth of 13.1%, marking the eighth consecutive quarter of double-digit profit growth.
Supply Chain Improvements
Sysco's supply chain demonstrated enhanced performance with improvements in service levels, reduced accidents, and increased productivity.
Introduction of AI360 and Perks 2.0
Sysco launched AI360, an AI-empowered sales tool, and Perks 2.0, a customer loyalty program, which are expected to drive further growth and customer retention.