Sysco Corp Stock Forum

EZ_moneyOP : no reason to be selling off like this

EZ_moneyOP : divs coming

Craig Smith2 : Explosion to the upside

Talented Mr Ripley : LOL!  that is a far fetched theory.
the true reason for the aforementioned decreases in food consumption is that emergency EBT Food Stamp Benefits and stimulus monies have stopped - no more free money.

nyseoption Talented Mr Ripley: That is also, a far fetched theory. It’s actually because of rising grain, sugar, & corn prices as well as the interest rate hikes making food much more expensive, meaning people are more careful about how they spend.

Talented Mr Ripley nyseoption: fast food/dining out sales are up.  people don't have time to and/or prefer not to cook, so they order take-out.  food delivery sales are up, even if the stocks are down.

nyseoption Talented Mr Ripley: Yes for a lot of big names. but their margins are way down due to the climbing rates & food costs. Net Profit is way down for a lot of food distributors YOY, even if revenue is growing. I’m buying the hell out of food distributors and restaurants currently, Pepsi $PepsiCo (PEP.US)$ being my main focus.  People are never going to stop buying food, especially sugary sh!t