Sysco (SYY) Revenue — Quarter Ended Mar 30, 2024
Revenue for the quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The sequential growth was modest, while the year-over-year gain was more pronounced.
Key takeaway
Quarter ended Mar 30, 2024 · FY2024 Q3
Revenue for the quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The sequential growth was modest, while the year-over-year gain was more pronounced.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$19.4B
Revenue reported for this quarter.
Quarter-over-quarter
+0.5%
Change from the immediately preceding quarter.
Year-over-year
+2.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$78B
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 |
|---|---|---|
| Jul 1, 2023 | $19.7B | +4.1% |
| Sep 30, 2023 | $19.6B | +2.6% |
| Dec 30, 2023 | $19.3B | +3.7% |
| Mar 30, 2024 | $19.4B | +2.7% |
Revenue performance
The company reported higher revenue for the third fiscal quarter, continuing a pattern of year-over-year expansion.
Quarterly comparison
Compared to the prior quarter, revenue rose slightly. On a year-over-year basis, the increase was stronger, reflecting sustained demand.
What to watch
The sequential change from the prior quarter was small, suggesting a stable near-term demand environment.