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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 20.6B | 6.1% |
| Gross Profit | 3.84B | 6.3% |
| Cost of Revenue | 16.7B | 6% |
| Operating expense | 2.86B | 0.9% |
| Net Income | 612M | 44% |
| EBITDA | 1.31B | 28.2% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 24.9B | 0.8% |
| Total Liabilities | 23.1B | 2% |
| Total Equity | 1.86B | 11.5% |
| Shares Outstanding | 496M | 0.8% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 1.62B | 212.4% |
| Cash from investing | -261M | 33.5% |
| Cash from financing | -1.1B | 53.1% |
EPS
Financial Highlights for Sysco in Q2 '24
Sysco reported a revenue of 20.6B, which is a 6.1% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 3.84B, marking a 6.3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 16.7B, a 6% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 2.86B, showing a -0.9% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 612M, showing a 44% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 1.31B, showing a 28.2% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Sysco with growth in revenue, gross profit, and net income.
