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Stock Market & Financial Investment News

News Breaks
February 4, 2013
10:43 EDTSYYSysco says sees modest increase in inflation in 2H
Says cautious about giving quarter to quarter guidance. Says looks to maintain gross profit dollar growth in 2H.
News For SYY From The Last 14 Days
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May 4, 2015
10:15 EDTSYYSysco sees being at high end of capex range of $500M-$550M for FY15
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10:13 EDTSYYSysco says 'resolute' in belief that US Foods deal pro-competitive
Sysco said that the trial related to the FTC's motion for a preliminary injunction against its proposed US Foods deal begins on May 5 and will last up to seven trial days. If ruling is in company's favor, Sysco said it will proceed to closing unless the decision is appealed. In the event of an unfavorable ruling, Sysco said it would assess whether to pursue the case further in conjunction with US Foods' ownership. Sysco said it remains "resolute" in its belief that the transaction in "pro-competitive," good for customers and will accelerate Sysco's transformation. Sysco also note that it recently completed its deal to acquire 50% of Pacific Star, a foodservice distributor in Mexico, and that subsequent to the close of Q3 that it expanded its presence in Canada's fourth largest market with the acquisition of Tannis Trading. Information from slides for the company's earnings call.
10:08 EDTSYYSysco says 3-year, $600M annualized savings target already exceeded
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08:06 EDTSYYSysco reports Q3 adjusted EPS 40c, consensus 41c
Reports Q3 revenue $11.7B, consensus $11.98B.
06:15 EDTSYYSysco, US Foods to try to save planned merger at hearing, WSJ reports
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April 27, 2015
17:02 EDTSYYSysco announces to acquire Tannis Trading, terms not disclosed
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07:43 EDTSYYPerformance Food goes to bat for Sysco-US Foods deal, CT Financial News says
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April 22, 2015
12:22 EDTSYYSysco files petition opposing FTC block of merger, WSJ says
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