Sysco (SYY) Q1 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Mon, January 26, 2026 astatine 11:29 AM CST 52 min read

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Tuesday, Oct. 29, 2024 astatine 10 a.m. ET

• Chair of the Board and Chief Executive Officer — Kevin P. Hourican

• Chief Financial Officer — Kenny Cheung

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Kevin Kim: Good morning, everyone, and invited to Sysco's archetypal 4th fiscal twelvemonth 2025 net call. On today's call, we person Kevin Hourican, our Chair of the Board and Chief Executive Officer; and Kenny Cheung, our Chief Financial Officer. Before we begin, delight enactment that statements made during this presumption that authorities the Company's oregon management's intentions, beliefs, expectations oregon predictions of the aboriginal are forward-looking statements wrong the meaning of the Private Securities Litigation Reform Act, and existent results could disagree successful a worldly manner. Additional accusation astir factors that could origin results to disagree successful a worldly manner.

Additional accusation astir factors that could origin results to disagree from those successful the forward-looking statements is contained successful the Company's SEC filings. This includes, but is not constricted to, hazard factors contained successful our yearly study connected Form 10-K for the twelvemonth ended June 29th, 2024, consequent SEC filings and successful the quality merchandise issued earlier this morning. A transcript of these materials tin beryllium recovered successful the Investors conception astatine sysco.com. Non-GAAP fiscal measures are included successful our comments contiguous and successful our presumption slides. The reconciliation of these non-GAAP measures to the corresponding GAAP measures is included astatine the extremity of the presumption slides and tin beryllium recovered successful the Investors conception of our website.

During the treatment today, unless different stated, each results are compared to the aforesaid 4th successful the anterior year. To guarantee we person capable clip to reply each questions, we'd similar to inquire each subordinate to bounds their clip contiguous to 1 question. If you person a follow-up question, we inquire that you re-enter the queue. At this time, we'd similar to telephone -- to crook the telephone implicit to Kevin Hourican.

Kevin Hourican: Good morning, everyone, and convey you for joining america today. During our telephone this morning, I'll supply an update connected wide marketplace conditions, item Sysco's circumstantial show results, supply immoderate colour connected prime precedence initiatives, and reconfirm Sysco's antecedently issued full-year guidance. Let's get started with a little update connected the wide nutrient distant from location marketplace. Food postulation to restaurants was down 3.6% for the archetypal quarter, grew astir 100 ground constituent erosion from the 4th quarter. With that said, postulation trends improved passim the quarter, with July down 5%, August down 4%, and September down 3%. The postulation information conscionable referenced includes the interaction from important hurricanes that occurred successful the opening and ending of the quarter.