Markets
Sysco Stock Plunges 7%, Wiping Out $3 Billion, After Trimming Its Sales Forecast
The food distributor held its profit target but guided sales growth to the low end of its 6%-7% range as industry inflation cooled.
SYY
Sysco (SYY) news from Bullished: SEC filings, earnings, insider trades and deals, explained in plain English with links to the source documents.
Earnings
Sysco Now Sees Full-Year Sales Growth At Low End Of 6%-7% Range, Keeps Profit Goal
The food distributor cites lower industry inflation for the sales trim and holds its 9%-11% adjusted EPS growth guidance.
Deals
Sysco Issues $10.75 Billion Of Senior Notes Plus $3.9 Billion Of Junior Debt For JRD Unico Purchase
An 8-K shows seven senior series, three dollar junior series and a euro tranche, with a special redemption if the acquisition fails.