$SYY Sysco Tape Reports
Per Ticker.id: $SYY Sysco Tape Reports — 3 podcast mentions across 1 podcast (30 days), latest 2026-08-20 23:21 UTC.
Albertsons even cut its full-year forecast practically across the board, saying they'll earn $1.75 to $1.85 per share when previously they'd been guiding for $2.22 to $2.32. Those are disastrous numbers, people, much worse than whatever anyone might have thought about Walmart results today, which is why the stock immediately plunged a shocking 22%. CEO Susan Morris blamed on the quote, "Your increasing pressure from industry unit trends and a more cautious consumer," end quote. Now, in opposition In Alberson's defense, the industry-wide pressure is real. Just a couple of weeks ago, I checked in with Sysco, the SYI kind, giant food distributor, and I was struck by a chart they featured in their earnings deck. The chart referencing sales data from the Census Bureau shows that there's been a 3-decade-plus trend of consumers spending more money on food away from home and less money at grocery stores like Alberson's. That changed dramatically, sure, during COVID But after the pandemic, it only got worse. That drives what we've seen between food inflation, rising gas prices. People are buying less and less stuff from the supermarket. You heard that refrain from Walmart. Now, Albertsons says they have a plan to fix this. They're trying to simplify their operating model from 11 divisions, some regional, some brand-based, and just 4 regions with a central merchandising hub. Maybe that'll do it. I don't know. But Wall Street doesn't seem to have much faith in management's ability to turn things around. Ah, I don't buy this. A tough industry at this point. The stock selling for less than 7 times the midpoint of its full-year earnings forecast, 5.7% dividend yield. That's too high. You know what that means. Ordinarily I might find that valuation enticing, but sometimes stocks are cheap because they deserve to be cheap. For me, this is one more example of what happens when well-meaning antitrust enforcement backfires and creates a situation that It's worse than what the regulators were even trying to prevent. We saw that when Biden's Justice Department blocked the merger of JetBlue and Spirit Airlines. They didn't want more airline consolidation, especially in the low-cost space. But less than a year later, Spirit Airlines filed for bankruptcy, then emerged from bankruptcy, then went under again before fully closing up shop this spring. It would have been better if they just let the plane stay under JetBlue's name.
Jim Cramer — Mad Money w/ Jim Cramer · Mad Money w/ Jim Cramer 8/20/26 · 2026-08-20We got a shock today and it was a positive one. When the Consumer Price Index came out this morning, we saw some key food categories actually going down. Prices for meat, poultry, fish, eggs decreased 0.7% over the last month. Pork down 1.5%. Fruits, veggies, dairy decreased 0.1%. Lettuce plummeted 16.4%. But again, that's the cyclospora outbreak. Oh, you know what, though? Doesn't it feel like it's It's been ages since any food has fallen in price. There's just one problem. Try finding a national restaurant chain that cut its prices because of these declines. As Kevin Hurican, the CEO of Sysco, explained to us last night, it just doesn't work like that with the big chains. You ought to know, he runs the world's largest supplier of food to restaurants. Local restaurants, the opposite of the big national chains, are cutting prices as their costs come down. And that's a major reason why local mom-and-pop eateries have been taking market share for 6 months. Remarkable stretch. One that I think is even— it isn't even noticed by the national chains. They don't change their menu or their prices because food gets cheaper. They want to raise prices when things went higher. That seems unfair to me. How about you? Maybe that's why the numbers for many chains that didn't roll back or keep prices low are distinctly suboptimal, while others which held the line on food to help you are beginning to show a lot of profits, exceptional profits, as customers seeking value flocked to them. The stocks of the companies that held the lighter cup price are now naturally going higher, too. It's a relatively easy way to figure out which restaurant stocks are worth owning. For example, among all chains is Brinker. That's the king. The parent of Chili's reported a stupendous great quarter today and its stock shot up more than 10%. Why? Simple. They have a host of really good meals for $10.99. Including crispy chicken sandwich or really good big burger, fries, unlimited chips and salsa with a drink. By the way, the chips and salsa and the drink are bottomless. People love that. I love that. It's a better deal you get from McDonald's for one of their Big Mac combos.
Jim Cramer — Mad Money w/ Jim Cramer · Mad Money w/ Jim Cramer 8/12/26 · 2026-08-12