Sysco Corp. (NYSE: SYY), Houston, TX, reported sales for the second quarter ended Dec. 29, 2012, of $10.8 billion, an increase of 5.4 percent compared to the same period a year ago. Profit fell 11.5 percent to $221.4 million.
Food cost inflation was 2.5 percent for the quarter, as measured by the change in Sysco's product costs, driven mainly by inflation in the poultry and meat categories.
Food cost inflation for the first six months was 2.3 percent. First-half sales were $21.9 billion, an increase of 5.1 percent from the prior year. Profit fell 8.1 percent to $508 million.
