Sysco (SYY) Revenue — Quarter Ended Jul 1, 2023
Revenue increased in the quarter, reflecting higher sales compared to both the prior quarter and the same period last year. The company's filing highlights its focus on inventory management, customer credit monitoring, and supplier discount programs as part of its operational framework.
Key takeaway
Quarter ended Jul 1, 2023 · FY2023 FY
Revenue increased in the quarter, reflecting higher sales compared to both the prior quarter and the same period last year. The company's filing highlights its focus on inventory management, customer credit monitoring, and supplier discount programs as part of its operational framework.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$19.7B
Revenue reported for this quarter.
Quarter-over-quarter
+4.5%
Change from the immediately preceding quarter.
Year-over-year
+4.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$76.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Oct 1, 2022 | $19.1B | +16.2% |
| Dec 31, 2022 | $18.6B | +13.9% |
| Apr 1, 2023 | $18.9B | +11.7% |
| Jul 1, 2023 | $19.7B | +4.1% |
Revenue performance
The reported revenue shows a sequential rise from the immediately preceding quarter and a year-over-year increase.
Quarterly comparison
Compared to the prior quarter, revenue improved, and compared to the same quarter one year earlier, revenue also advanced.
What to watch
Monitor the company's ability to maintain revenue momentum given the competitive landscape and potential shifts in customer ordering patterns.