ADVFN - Advanced Financial Network.
HOME» NYSE » S » SYY Stock Price » SYY Stock News

Sysco Share News

 Sysco Corp. Stock Price
SYY Stock Price
 Sysco Corp. Stock Chart
SYY Stock Chart
 Sysco Corp. Stock News
SYY Stock News
 Sysco Corp. Company Information
SYY Company Information
 Sysco Corp. Stock Trades
SYY Stock Trades

Sysco 3Q Net Up 4.4% On Price, Volume Growth; Costs Surge

DOW JONES NEWSWIRES Sysco Corp.'s (SYY) fiscal third-quarter profit rose 4.4% on higher prices and volume, but costs surged amid higher food and fuel costs. Shares rose 3.5% to $29.50 in recent premarket trading as the results topped analysts' estimates. The company, which derives most of its sales from the restaurant industry, faces higher costs that are squeezing a host of food-related companies. It faces challenge of balancing how much of the cost can be passed onto its customers. For the quarter ended April 2, Sysco reported a profit of $258.5 million, or 44 cents a share, up from 247.6 million, or 42 cents a share, a year earlier. The latest result included a 4-cent charge related to an operating company's withdrawal from a multi-employer pension plan, offset by a 2-cent tax benefit. Sales climbed 9.1% to $9.76 billion on higher prices and case volume growth. Analysts polled by Thomson Reuters most recently forecast earnings of 41 cents a share on $9.48 billion in revenue. Gross margin narrowed to 18.6% from 18.8%. Operating costs increased 11% amid food cost inflation of 5.1%, driven mainly by the meat, seafood and canned/dry categories. -By Matt Jarzemsky, Dow Jones Newswires; 212-416-2240; matthew.jarzemsky@dowjones.com

Stock News for Sysco (SYY)
DateTimeHeadline
09/26/201617:04:45Initial Statement of Beneficial Ownership (3)
09/26/201617:04:18Initial Statement of Beneficial Ownership (3)
09/26/201617:03:25Initial Statement of Beneficial Ownership (3)
09/21/201617:26:43Current Report Filing (8-k)
09/21/201617:20:00Sysco Announces Election of Three New Directors
09/16/201617:04:47Statement of Changes in Beneficial Ownership (4)
09/07/201617:30:00Sysco Expands Industry-Leading Seafood Sustainability Initiative...
08/31/201617:02:11Current Report Filing (8-k)
08/30/201606:03:13Annual Report (10-k)
08/29/201617:46:27Statement of Changes in Beneficial Ownership (4)
08/29/201617:44:16Statement of Changes in Beneficial Ownership (4)
08/29/201617:40:35Statement of Changes in Beneficial Ownership (4)
08/29/201617:37:25Statement of Changes in Beneficial Ownership (4)
08/29/201617:33:13Statement of Changes in Beneficial Ownership (4)
08/29/201617:28:21Statement of Changes in Beneficial Ownership (4)
08/29/201617:24:04Statement of Changes in Beneficial Ownership (4)
08/29/201617:19:42Statement of Changes in Beneficial Ownership (4)
08/29/201617:13:36Statement of Changes in Beneficial Ownership (4)
08/26/201617:30:00Sysco Declares Quarterly Dividend Payment
08/25/201617:30:00Sysco to Webcast Presentation From the Barclays 2016 Global Consumer...

Sysco and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad