Sysco stock (SYY) jumps 10% after outlook lift — what traders watch next
Sysco shares jumped nearly 10% to $83.19 after quarterly profit topped estimates and the company raised its full-year earnings outlook. Sales rose 3% to $20.8 billion, with adjusted EPS at 99 cents. U.S. local case volume turned positive, and gross margin improved. Investors are watching restaurant traffic and inflation ahead of Sysco’s next earnings report in May.