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Home/News Feed/Sysco downgraded to Hold after Q3 earnings miss and rising costs despite profit growth.
SYY
$80.82
-$2.03 -2.45%

Sysco downgraded to Hold after Q3 earnings miss and rising costs despite profit growth.

Company Fundamentals
29 Apr 2026
Danny Green
View Source
Bearish
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Deutsche Bank downgraded Sysco's stock from Buy to Hold following the company's Q3 fiscal 2026 results, which showed adjusted earnings of $0.94 per share and sales of $20.50 billion, both slightly below analyst expectations. The company faced an 8.4% increase in operating expenses, leading to a 9.1% drop in operating income. Despite these challenges, Sysco's gross profit grew 6.5% to $3.80 billion and free cash flow rose 19% to $1.10 billion. Sysco reaffirmed its full-year earnings guidance, maintaining confidence in its financial outlook amid rising costs.

More News (SYY)

Sysco to report Q4 and fiscal 2026 results on August 4 with webcast and investor materials.

Sysco to report Q4 and fiscal 2026 results on August 4 with webcast and investor materials.

Sysco Corporation will announce its financial results for the fourth quarter and fiscal year 2026 on August 4, 2026. The company will host a conference call and webcast at 10 a.m. ET to discuss the results, with investor materials available on its we...

Company Fundamentals
Neutral
1 day ago
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