Sysco Corporation announced its financial results for the second fiscal quarter ended December 28, 2024, with total sales increasing 4.5% to $20.2 billion. Gross profit rose 3.9% to $3.7 billion, though gross margin decreased by 11 basis points to 18.1%.
Adjusted operating income increased 5.1% to $783 million, and adjusted diluted EPS grew 4.5% to $0.93, meeting consensus expectations. The International Foodservice Operations segment was particularly strong, delivering a 26.5% increase in adjusted operating income to $129 million.
Sysco reiterated its full-year fiscal 2025 guidance, expecting sales growth of 4%-5% and adjusted EPS growth of 6%-7%. The company also announced an upsizing of its share repurchase plan for the year to $1.25 billion, an increase from its prior plan of $1 billion, demonstrating a commitment to shareholder returns.
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