Subtext

Sysco Corporation SYY

SectorConsumer Staples
Transcripts72
Date range2007-08-13 – 2025-04-29
Calls charted72

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-34-17+0+17+342007 Q42010 Q12012 Q22014 Q32016 Q42019 Q12021 Q22023 Q32007 Q4 · Overall: +7.92008 Q1 · Overall: +2.52008 Q2 · Overall: +5.42008 Q3 · Overall: +6.82008 Q4 · Overall: +6.32009 Q1 · Overall: +3.22009 Q2 · Overall: -2.22009 Q3 · Overall: -1.62009 Q4 · Overall: +3.92010 Q1 · Overall: +5.32010 Q2 · Overall: +3.22010 Q3 · Overall: +9.02010 Q4 · Overall: +7.42011 Q1 · Overall: +9.42011 Q2 · Overall: +1.82011 Q3 · Overall: +6.22011 Q4 · Overall: +0.52012 Q1 · Overall: +5.62012 Q2 · Overall: +9.62012 Q3 · Overall: +7.72012 Q4 · Overall: +4.22013 Q1 · Overall: +11.92013 Q2 · Overall: +3.82013 Q3 · Overall: +7.22013 Q4 · Overall: +6.62014 Q1 · Overall: +10.22014 Q2 · Overall: +8.22014 Q3 · Overall: +10.92014 Q4 · Overall: +8.22015 Q1 · Overall: +7.32015 Q2 · Overall: +4.72015 Q3 · Overall: +8.32015 Q4 · Overall: +13.02016 Q1 · Overall: +6.82016 Q2 · Overall: +13.42016 Q3 · Overall: +12.72016 Q4 · Overall: +16.12017 Q1 · Overall: +11.32017 Q2 · Overall: +10.82017 Q3 · Overall: +14.32017 Q4 · Overall: +15.22018 Q1 · Overall: +10.22018 Q2 · Overall: +10.62018 Q3 · Overall: +10.22018 Q4 · Overall: +11.62019 Q1 · Overall: +2.42019 Q2 · Overall: +10.32019 Q3 · Overall: +8.22019 Q4 · Overall: +8.52020 Q1 · Overall: +9.12020 Q2 · Overall: +8.12020 Q3 · Overall: +8.32020 Q4 · Overall: +10.12021 Q1 · Overall: +10.62021 Q2 · Overall: +9.42021 Q3 · Overall: +13.72021 Q4 · Overall: +0.92022 Q1 · Overall: +17.52022 Q2 · Overall: +10.62022 Q3 · Overall: +25.12022 Q4 · Overall: +18.82023 Q1 · Overall: +14.32023 Q2 · Overall: +19.82023 Q3 · Overall: +20.62023 Q4 · Overall: +24.02024 Q1 · Overall: +29.72024 Q2 · Overall: +21.62024 Q3 · Overall: +18.02024 Q4 · Overall: +26.92025 Q1 · Overall: +19.82025 Q2 · Overall: +20.92025 Q3 · Overall: +11.9
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-43-21+0+21+432007 Q42010 Q12012 Q22014 Q32016 Q42019 Q12021 Q22023 Q32007 Q4 · CEO: +11.42008 Q1 · CEO: +5.72008 Q3 · CEO: +10.42008 Q4 · CEO: +8.82009 Q1 · CEO: +11.32009 Q2 · CEO: +1.92009 Q3 · CEO: -2.62009 Q4 · CEO: +9.52010 Q1 · CEO: +10.72010 Q2 · CEO: +5.02010 Q3 · CEO: +15.02010 Q4 · CEO: +9.62011 Q1 · CEO: +15.42011 Q2 · CEO: +11.22011 Q3 · CEO: +15.12011 Q4 · CEO: +6.32012 Q1 · CEO: +13.12012 Q2 · CEO: +15.72012 Q3 · CEO: +10.62012 Q4 · CEO: +10.62013 Q1 · CEO: +16.92013 Q2 · CEO: +16.32013 Q3 · CEO: +15.22013 Q4 · CEO: +12.02014 Q1 · CEO: +20.32014 Q2 · CEO: +17.72014 Q3 · CEO: +19.82014 Q4 · CEO: +17.42015 Q1 · CEO: +17.22015 Q2 · CEO: +16.22015 Q3 · CEO: +15.82016 Q2 · CEO: +13.12016 Q3 · CEO: +13.72016 Q4 · CEO: +19.82017 Q1 · CEO: +17.32017 Q2 · CEO: +12.12017 Q3 · CEO: +24.72017 Q4 · CEO: +17.42018 Q1 · CEO: +19.42018 Q2 · CEO: +18.22018 Q3 · CEO: +14.82018 Q4 · CEO: +18.12019 Q1 · CEO: +5.12019 Q2 · CEO: +17.32019 Q3 · CEO: +16.82019 Q4 · CEO: +12.42020 Q1 · CEO: +14.82020 Q2 · CEO: +25.12020 Q3 · CEO: +12.12020 Q4 · CEO: +14.02021 Q1 · CEO: +15.82021 Q2 · CEO: +14.02021 Q3 · CEO: +16.22021 Q4 · CEO: -4.12022 Q1 · CEO: +23.42022 Q2 · CEO: +15.82022 Q3 · CEO: +35.42022 Q4 · CEO: +21.52023 Q1 · CEO: +26.82023 Q2 · CEO: +24.82023 Q3 · CEO: +24.42023 Q4 · CEO: +29.52024 Q1 · CEO: +37.32024 Q2 · CEO: +26.52024 Q3 · CEO: +21.32024 Q4 · CEO: +32.62025 Q1 · CEO: +21.62025 Q2 · CEO: +26.92025 Q3 · CEO: +14.72007 Q4 · CFO: +13.52008 Q1 · CFO: +6.82008 Q2 · CFO: +1.92008 Q3 · CFO: +13.12008 Q4 · CFO: +8.42009 Q1 · CFO: -2.02009 Q2 · CFO: -2.72010 Q1 · CFO: +11.52010 Q2 · CFO: +1.12010 Q3 · CFO: +6.72010 Q4 · CFO: +5.42011 Q1 · CFO: +10.22011 Q2 · CFO: -5.82011 Q3 · CFO: +1.22011 Q4 · CFO: -1.92012 Q1 · CFO: +3.62012 Q2 · CFO: +3.32012 Q3 · CFO: +8.92012 Q4 · CFO: +2.22013 Q1 · CFO: +9.02013 Q2 · CFO: -2.12013 Q3 · CFO: +2.42013 Q4 · CFO: +4.52014 Q1 · CFO: -2.42014 Q2 · CFO: +1.42014 Q3 · CFO: -0.42014 Q4 · CFO: +4.62015 Q1 · CFO: +0.92015 Q2 · CFO: -4.12016 Q4 · CFO: +10.22017 Q1 · CFO: +13.02017 Q2 · CFO: +23.82017 Q3 · CFO: +9.22017 Q4 · CFO: +20.02018 Q1 · CFO: +8.92018 Q2 · CFO: +13.92018 Q3 · CFO: +11.72018 Q4 · CFO: +12.62019 Q1 · CFO: +3.82019 Q2 · CFO: +10.82019 Q3 · CFO: +9.32019 Q4 · CFO: +8.32020 Q1 · CFO: +8.52020 Q2 · CFO: +5.92020 Q3 · CFO: +7.92020 Q4 · CFO: +10.42021 Q1 · CFO: +7.62021 Q2 · CFO: +6.12021 Q3 · CFO: +15.52021 Q4 · CFO: +7.62022 Q1 · CFO: +12.92022 Q2 · CFO: +6.82022 Q3 · CFO: +21.72022 Q4 · CFO: +23.42023 Q1 · CFO: +6.12023 Q2 · CFO: +20.32023 Q3 · CFO: +22.62023 Q4 · CFO: +27.22024 Q1 · CFO: +25.22024 Q2 · CFO: +27.62024 Q3 · CFO: +26.52024 Q4 · CFO: +29.22025 Q1 · CFO: +26.52025 Q2 · CFO: +24.22025 Q3 · CFO: +14.9
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-46-23+0+23+462007 Q42010 Q12012 Q22014 Q32016 Q42019 Q12021 Q22023 Q32007 Q4 · Prepared remarks: +13.82008 Q1 · Prepared remarks: +14.52008 Q2 · Prepared remarks: +7.72008 Q3 · Prepared remarks: +11.92008 Q4 · Prepared remarks: +7.62009 Q1 · Prepared remarks: +16.22009 Q2 · Prepared remarks: +13.32009 Q3 · Prepared remarks: +8.72009 Q4 · Prepared remarks: +20.82010 Q1 · Prepared remarks: +21.12010 Q2 · Prepared remarks: +14.02010 Q3 · Prepared remarks: +7.42010 Q4 · Prepared remarks: +10.62011 Q1 · Prepared remarks: +8.52011 Q2 · Prepared remarks: +2.82011 Q3 · Prepared remarks: +8.22011 Q4 · Prepared remarks: +7.52012 Q1 · Prepared remarks: +10.32012 Q2 · Prepared remarks: +11.52012 Q3 · Prepared remarks: +9.82012 Q4 · Prepared remarks: +12.32013 Q1 · Prepared remarks: +11.42013 Q2 · Prepared remarks: +6.22013 Q3 · Prepared remarks: +9.22013 Q4 · Prepared remarks: +7.22014 Q1 · Prepared remarks: +2.52014 Q2 · Prepared remarks: +10.42014 Q3 · Prepared remarks: +10.82014 Q4 · Prepared remarks: +8.42015 Q1 · Prepared remarks: +15.82015 Q2 · Prepared remarks: +6.72015 Q3 · Prepared remarks: +16.42015 Q4 · Prepared remarks: +16.12016 Q1 · Prepared remarks: +19.02016 Q2 · Prepared remarks: +23.22016 Q3 · Prepared remarks: +24.12016 Q4 · Prepared remarks: +25.32017 Q1 · Prepared remarks: +28.12017 Q2 · Prepared remarks: +25.72017 Q3 · Prepared remarks: +29.72017 Q4 · Prepared remarks: +28.62018 Q1 · Prepared remarks: +19.12018 Q2 · Prepared remarks: +22.52018 Q3 · Prepared remarks: +25.32018 Q4 · Prepared remarks: +30.12019 Q1 · Prepared remarks: +11.62019 Q2 · Prepared remarks: +21.02019 Q3 · Prepared remarks: +16.52019 Q4 · Prepared remarks: +18.22020 Q1 · Prepared remarks: +14.62020 Q2 · Prepared remarks: +19.62020 Q3 · Prepared remarks: +14.22020 Q4 · Prepared remarks: +12.42021 Q1 · Prepared remarks: +19.32021 Q2 · Prepared remarks: +22.22021 Q3 · Prepared remarks: +22.22021 Q4 · Prepared remarks: +25.52022 Q1 · Prepared remarks: +22.52022 Q2 · Prepared remarks: +16.12022 Q3 · Prepared remarks: +32.32022 Q4 · Prepared remarks: +27.52023 Q1 · Prepared remarks: +25.22023 Q2 · Prepared remarks: +28.42023 Q3 · Prepared remarks: +33.42023 Q4 · Prepared remarks: +36.42024 Q1 · Prepared remarks: +35.82024 Q2 · Prepared remarks: +39.62024 Q3 · Prepared remarks: +28.92024 Q4 · Prepared remarks: +27.52025 Q1 · Prepared remarks: +20.22025 Q2 · Prepared remarks: +36.32025 Q3 · Prepared remarks: +17.12007 Q4 · Q&A responses: +8.82008 Q1 · Q&A responses: +3.82008 Q2 · Q&A responses: +0.02008 Q3 · Q&A responses: +8.12008 Q4 · Q&A responses: +10.42009 Q1 · Q&A responses: +3.72009 Q2 · Q&A responses: -3.92009 Q3 · Q&A responses: -3.42009 Q4 · Q&A responses: +5.12010 Q1 · Q&A responses: +3.92010 Q2 · Q&A responses: +0.62010 Q3 · Q&A responses: +13.12010 Q4 · Q&A responses: +5.82011 Q1 · Q&A responses: +14.72011 Q2 · Q&A responses: +7.82011 Q3 · Q&A responses: +6.02011 Q4 · Q&A responses: -1.92012 Q1 · Q&A responses: +7.82012 Q2 · Q&A responses: +9.32012 Q3 · Q&A responses: +9.12012 Q4 · Q&A responses: +2.62013 Q1 · Q&A responses: +13.52013 Q2 · Q&A responses: +6.22013 Q3 · Q&A responses: +9.12013 Q4 · Q&A responses: +2.12014 Q1 · Q&A responses: +14.82014 Q2 · Q&A responses: +11.82015 Q1 · Q&A responses: +8.72015 Q2 · Q&A responses: +4.32015 Q3 · Q&A responses: +8.02015 Q4 · Q&A responses: +14.72016 Q1 · Q&A responses: +4.72016 Q2 · Q&A responses: +13.92016 Q3 · Q&A responses: +12.42016 Q4 · Q&A responses: +16.82017 Q1 · Q&A responses: +9.42017 Q2 · Q&A responses: +9.72017 Q3 · Q&A responses: +13.02017 Q4 · Q&A responses: +13.22018 Q1 · Q&A responses: +8.02018 Q2 · Q&A responses: +11.72018 Q3 · Q&A responses: +7.82018 Q4 · Q&A responses: +9.22019 Q1 · Q&A responses: +1.32019 Q2 · Q&A responses: +10.22019 Q3 · Q&A responses: +10.82019 Q4 · Q&A responses: +6.52020 Q1 · Q&A responses: +11.52020 Q2 · Q&A responses: +6.52020 Q3 · Q&A responses: +3.22020 Q4 · Q&A responses: +11.12021 Q1 · Q&A responses: +8.72021 Q2 · Q&A responses: +6.82021 Q3 · Q&A responses: +10.72021 Q4 · Q&A responses: -2.52022 Q1 · Q&A responses: +17.72022 Q2 · Q&A responses: +11.22022 Q3 · Q&A responses: +26.62022 Q4 · Q&A responses: +16.62023 Q1 · Q&A responses: +14.72023 Q2 · Q&A responses: +17.92023 Q3 · Q&A responses: +15.72023 Q4 · Q&A responses: +18.12024 Q1 · Q&A responses: +30.42024 Q2 · Q&A responses: +19.12024 Q3 · Q&A responses: +16.32025 Q2 · Q&A responses: +16.02025 Q3 · Q&A responses: +10.2
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$1.69$3.33$4.972007 Q42010 Q12012 Q22014 Q32016 Q42019 Q12021 Q22023 Q32014 Q1: $1.922014 Q2: $1.932014 Q3: $1.922014 Q4: $1.962015 Q1: $1.992015 Q2: $1.982015 Q3: $2.002015 Q4: $2.022016 Q1: $2.132016 Q2: $2.252016 Q3: $2.382016 Q4: $2.582017 Q1: $2.682017 Q2: $2.742017 Q3: $2.812017 Q4: $2.902018 Q1: $3.372018 Q2: $3.492018 Q3: $3.592018 Q4: $3.582019 Q1: $3.682019 Q2: $3.792019 Q3: $3.882019 Q4: $3.982020 Q1: $3.922020 Q2: $2.382020 Q3: $2.072020 Q4: $2.512021 Q1: $2.702021 Q2: $3.322021 Q3: $3.692021 Q4: $3.832022 Q1: $3.882022 Q2: $4.282022 Q3: $4.342022 Q4: $4.452023 Q1: $4.472023 Q2: $4.482023 Q3: $4.442023 Q4: $4.532024 Q1: $4.642024 Q2: $4.622024 Q3: $4.692024 Q4: $4.75

Forward P/E

5.9620.4835.012007 Q42010 Q12012 Q22014 Q32016 Q42019 Q12021 Q22023 Q32014 Q1: 18.852014 Q2: 19.282014 Q3: 19.822014 Q4: 20.522015 Q1: 19.402015 Q2: 18.842015 Q3: 19.722015 Q4: 20.512016 Q1: 21.642016 Q2: 21.632016 Q3: 20.872016 Q4: 21.562017 Q1: 19.602017 Q2: 20.232017 Q3: 19.022017 Q4: 21.212018 Q1: 17.792018 Q2: 18.882018 Q3: 20.302018 Q4: 17.732019 Q1: 18.062019 Q2: 18.762019 Q3: 20.302019 Q4: 21.152020 Q1: 7.962020 Q2: 22.892020 Q3: 33.012020 Q4: 29.432021 Q1: 29.942021 Q2: 23.332021 Q3: 20.672021 Q4: 19.442022 Q1: 20.642022 Q2: 18.872022 Q3: 18.312022 Q4: 18.482023 Q1: 16.762023 Q2: 16.262023 Q3: 15.752023 Q4: 16.632024 Q1: 17.342024 Q2: 15.732024 Q3: 15.892024 Q4: 16.24

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2014 Q4 tone ↓ -2.6 fwd EPS ↑ +0.04 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q1 tone ↓ -6.2 fwd EPS ↑ +0.10 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q1 tone ↓ -4.9 fwd EPS ↑ +0.11 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q1 tone ↓ -5.0 fwd EPS ↑ +0.46 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q1 tone ↓ -9.2 fwd EPS ↑ +0.10 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q3 tone ↓ -2.1 fwd EPS ↑ +0.09 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q4 tone ↓ -12.7 fwd EPS ↑ +0.15 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q2 tone ↓ -7.0 fwd EPS ↑ +0.40 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q4 tone ↓ -6.3 fwd EPS ↑ +0.11 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q3 tone ↓ -3.6 fwd EPS ↑ +0.07 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q32025-04-29+11.9——View →
2025 Q22025-01-28+20.9——View →
2025 Q12024-10-29+19.8——View →
2024 Q42024-07-30+26.9$4.7516.2View →
2024 Q32024-04-30+18.0$4.6915.9View →
2024 Q22024-01-30+21.6$4.6215.7View →
2024 Q12023-10-31+29.7$4.6417.3View →
2023 Q42023-08-01+24.0$4.5316.6View →