Sysco Reports Second Quarter Fiscal Year 2025 Results; Kevin Hourican and Kenny Cheung Discuss


Thu. January 30th, 2025 - by ANUK Staff

HOUSTON, TX - Sysco Corporation announced financial results for its 13-week second fiscal quarter ended December 28, 2024.

Sysco Corporation announced financial results for its 13-week second fiscal quarter ended December 28, 2024
Sysco announced financial results for its 13-week second fiscal quarter ended December 28, 2024

As a press release shared, key financial results for the second quarter of fiscal year 2025 include the following (comparisons are to the same period in fiscal year 2024):

  • Sales increased 4.5%; U.S. Foodservice volume increased 1.4%
  • Gross profit increased 3.9% to $3.7 billion
  • Operating income increased 1.7% to $712 million, and adjusted operating income increased 5.1% to $783 million
  • EBITDA increased 1.9% to $931 million, and adjusted EBITDA increased 4.4% to $969 million
  • EPS was $0.82, in line with the same period last year, and adjusted EPS increased 4.5% to $0.93
  • Reiterating FY25 guidance, with sales growth of 4-5% and adjusted EPS growth of 6-7%
  • Increasing cash return to shareholders to approximately $2.25 billion in fiscal year 2025, with share repurchase now expected at $1.25 billion, along with dividends at $1 billion
Kevin Hourican, President and Chief Executive Officer, Sysco
Kevin Hourican, President and Chief Executive Officer, Sysco

“Sysco delivered another quarter of disciplined financial performance fueled by top and bottom line growth that was consistent with expectations. We delivered compelling results in our International, SYGMA, and National sales businesses. Our International business was particularly strong, delivering a 14.5% increase in operating income, and a 26.5% increase in adjusted operating income. Our local business is beginning to show signs of progress, with improvements to our new customer win rate and our Net Promoter Scores. These outcomes, coupled with investments in sales professionals and our expanding specialty offerings, provide the pathway to increased local case volume performance in the second half of 2025. When combined with the strong success in our other three major business segments, we are confident in our ability to deliver our full year fiscal 2025 guidance,” said Kevin Hourican, Sysco’s Chair of the Board and Chief Executive Officer.

Kenny Cheung, Chief Financial Officer, Sysco
Kenny Cheung, Chief Financial Officer, Sysco

“Second quarter results included improvements across the company’s core financial drivers. Combined, our efforts generated positive operating leverage and sequential improvements to gross profits and our continued operating expense control delivered margin expansion. We are encouraged by the momentum in our business and are reiterating our full year guidance including sales growth of 4%-5% and adjusted EPS growth of 6%-7%. Consistent with our efforts to drive compelling returns on invested capital and total shareholder return for our investors, I am pleased to announce the upsizing of our share repurchase plan for the year to $1.25 billion, up from our prior plan of $1 billion,” said Kenny Cheung, Sysco’s Chief Financial Officer.

To read the full report, click here.