Latest In Sysco

Fourth-quarter sales increased 5 percent.

Food cost inflation during the quarter was 2.4 percent.

Fourth-quarter sales for the foodservice distributor were up 13.9%.

Year-to-date, sales for the foodservice distributor were up 3.1 percent.

Sysco Corp., Houston, TX, reported sales for fiscal year end 2009 of $36.9 billion, down 1.8% from the prior year. Profit decreased 4.6% to $1.06 billion.

Fourth quarter sales were $9.1 billion, down 6.6% compared to the same period last year. Profit declined 5.6% to $315.3 …

Sysco Corp., Houston, TX, reported sales for the third quarter ended March 28, 2009, were $8.7 billion, down 4.5% from the prior year period. Profit decreased 6.1% to $226 million.
 
Fiscal year-to-date sales were flat compared to the first nine months of fiscal year 2008. Profit for the first three quarters fell 4.1%.
 
"Our third quarter results reflect the increasingly difficult market environment that has developed as our fiscal year has progressed. Nevertheless, we are encouraged by our operating companies’ ongoing ability to provide excellent customer service while managing costs effectively," CEO Bill DeLaney …

Sysco Corp., Houston, TX, reported sales of $9.1 billion for its second quarter ended Dec. 27, 2008, a decrease of 1% from the prior year. Profit was $237.7 million, down 10%.
 
For the first half of fiscal year 2009, sales increased 2% to $19 billion. Profit declined 3.1% to $514.5 million.
 
"The business environment remains difficult in the short term, as demonstrated by our decline in sales last quarter," CEO Richard J. Schnieders said. "However, we remain focused on execution and operational excellence, which we believe will strengthen our position within the industry over the long term."
 
Food cost inflation, as estimated by the change in Sysco’s cost of goods, was 7% for the quarter.
 
Sysco sells, markets and …

Houston, TX-based Sysco Corp. reported sales for the first quarter of fiscal 2009 ended Sept. 27, 2008, were up 5% to $9.9 billion from the first quarter 2008. Profit was $276 million, up from $266 million in the first quarter 2008.
 
Our operating companies continued to generate impressive results in the midst of a prolonged and difficult business environment,” said Richard J. Schnieders, Sysco’s CEO.
 
Food cost inflation, as estimated by the change in Sysco’s cost of goods, was 8.3% for the quarter.
 
Sysco operates 180 distribution facilities serving more than 400,000 customers. For the fiscal year 2008 that ended June 28, 2008, the company had more than $37 billion in …

SYSCO Corp., Houston, TX, reported sales increased 7.1% in fiscal 2008 to $37.5 billion. Food cost inflation, as estimated by the change in cost in goods, was 6%.
 
Operating income for 2008 grew 10% over the prior year.
 
For the fourth quarter 2008, sales were up 5.4% to $9.7 billion. Operating income was up 9.7% to $559 million. Fourth-quarter profit was up to $334 million from $303 million in the prior-year period. Food cost inflation for the period was 6.2%.

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SYSCO Corp., Houston, TX, reported sales in its first quarter ended Sept. 29, 2007, grew 8.5% to $9.4 billion from the same period last year. Sales from acquisitions in the past 12 months contributed 0.2% to the sales growth.
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Food cost inflation, as estimated by the change in SYSCO’s cost of goods, was 5.9% for the quarter.
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Profit was $267 million, up from $230 million in the same period a year ago, an increase of 16%.
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SYSCO reported that it saw unusually high food cost inflation” for the second consecutive quarter. (See 3Q Inflation Trends by Commodity Group) These conditions contributed to a 21 basis point reduction in gross margins and a 51 basis point decrease in operating …