Sysco volatility elevated on uncertainty of US Foods deal Sysco Corporation June and July call option implied volatility is at 22, August is at 17; compared to its 26-week average of 17 according to Track Data, suggesting large near term price risk on the uncertainty of the purchase of US Foods.
News For SYY From The Last 14 Days
Check below for free stories on SYY the last two weeks.
Sysco continues to look at transactions Says "fairly occupied" right now planning for U.S. Foods integration. Says will be "a little difficult" to do deals in the U.S. while it works to get U.S. Foods deal approved.
Sysco says long-term sales growth guidance "reasonable" Says guidance includes inflation, excludes U.S. Foods deal. Sees inflation returning to more modest historic levels. Comments made on the Q4 earnings conference call.
Sysco sees U.S. Food merger closing in late Q3 or in Q4 Sysco said in slides that will be presented on its Q4 earnings conference call that FTC discussions continue to be productive. Remains on track to achieve Business Transformation financial target for FY15.