SYSCO Sales Up 7.8% in 2Q
Food product distributor SYSCO Corp., Houston, TX, reported sales for the second quarter 2008 ended Dec. 29, 2007, were up 7.8% to $9.24 billion. Profit was up 7.1% to $264.1 million from the prior-year period.
Food cost inflation, as estimated by the change in SYSCO’s cost of goods, was 5.9% for the quarter.
In the first half, sales increased 8.1% to $18.65 billion, and profit grew 11.4% to $531.1 million. Food cost inflation, as estimated by the change in SYSCO’s cost of goods, was 5.9% for the first half of fiscal 2008.
For the fiscal year 2007 ended June 30, 2007, the company had more than $35 billion in …
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