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;

Stock News for Sysco (SYY)
05/26/201519:41:02Why This Dividend Aristocrat Doesn't Deserve Your Money
05/26/201510:57:27Sysco to Webcast Presentation From the 2015 Citi Global Consumer...
05/22/201513:00:20Sysco Declares Quarterly Dividend Payment
05/22/201504:50:05Bird Flu Outbreak Decimates Egg Supply
05/20/201512:15:10What Is the S&P 500 Index?
05/19/201517:27:27Statement of Changes in Beneficial Ownership (4)
05/14/201514:30:00Sysco's Return to the National Restaurant Association Show, May...
05/13/201519:30:09Sysco, US Foods Antitrust Hearing Extended
05/13/201519:17:16Sysco, US Foods Antitrust Hearing Extended
05/11/201519:00:20US Foods Will Kill Sysco Deal if Court Delays Merger, Executive...
05/11/201518:45:24US Foods Will Kill Sysco Deal if Court Delays Merger, Executive...
05/11/201515:07:18Top Sysco Executive Defends US Foods Deal in Court Testimony
05/11/201511:40:11Rival Executive Testifies on Sysco-US Foods Merger
05/07/201519:10:10Rival Executive Testifies on Sysco-US Foods Merger
05/07/201519:09:42Rival Executive Testifies on Sysco-US Foods Merger
05/07/201508:31:34Current Report Filing (8-k)
05/06/201520:18:46FTC, Sysco Face Off in Federal Court Hearing
05/05/201515:30:15Sysco-US Foods Merger Hinges on Interpretation of Marketplace
05/05/201515:26:32Sysco-US Foods Merger Hinges on Judge's Interpretation of Marketplace
05/05/201509:45:39SYSCO Stock Rating Lowered by Zacks (SYY)

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 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations