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 Earnings Flat As Higher Meat, Poultry Prices Crimp Sales Growth

DOW JONES NEWSWIRES Sysco Corp.'s (SYY) fiscal third-quarter earnings were about flat from a year earlier as higher prices for items like meat and poultry dampened the foodservice supplier's sales growth. The company, which derives most of its sales from the restaurant industry, has continued to see rising food and overhead costs hurt its bottom line. Sysco on Monday said it recorded food cost inflation of 5.5% in the latest period, compared with 5.1% a year earlier and 6.3% in the prior quarter. While noting an overall easing in the rate of food inflation, the company said headwinds like double-digit price increases for meat and poultry remain a challenge. For the quarter ended March 31, the company reported a profit of $259.6 million, compared with a year-earlier profit of $258.5 million. Earnings per share were unchanged at 44 cents. Sales rose 7.6% to $10.5 billion. Analysts polled by Thomson Reuters expected earnings of 43 cents on revenue of $10.45 billion. Gross margin narrowed to 17.8% from 18.6%. Shares closed Friday at $27.90 and were inactive premarket. The stock is down 4.9% since the start of the year. -By Mia Lamar, Dow Jones Newswires; 212-416-3207; mia.lamar@dowjones.com

Stock News for Sysco (SYY)
DateTimeHeadline
08/26/201617:30:00Sysco Declares Quarterly Dividend Payment
08/25/201617:30:00Sysco to Webcast Presentation From the Barclays 2016 Global Consumer...
08/19/201617:00:09Statement of Changes in Beneficial Ownership (4)
08/15/201616:51:31Statement of Changes in Beneficial Ownership (4)
08/15/201609:30:00Sysco Posts Increased Volume, Revenue and Profit
08/15/201609:17:00Sysco Posts Increased Volume, Revenue and Profit
08/15/201608:09:50Current Report Filing (8-k)
08/15/201608:00:00Sysco Reports Strong Fourth Quarter and Fiscal Year 2016 Results
08/05/201618:03:18Statement of Changes in Beneficial Ownership (4)
08/01/201617:00:00Sysco to Release Fourth Quarter Fiscal 2016 Financial Results...
07/19/201617:02:20Statement of Changes in Beneficial Ownership (4)
07/19/201617:01:53Statement of Changes in Beneficial Ownership (4)
07/18/201617:01:19Current Report Filing (8-k)
07/15/201616:47:31Statement of Changes in Beneficial Ownership (4)
07/13/201617:08:07Initial Statement of Beneficial Ownership (3)
07/13/201609:12:00Technical Updates on Services Sector Stocks -- Sysco, The Hain...
07/07/201616:04:14Statement of Changes in Beneficial Ownership (4)
07/05/201617:02:27Current Report Filing (8-k)
07/05/201612:14:21Sysco Completes Brakes Group Acquisition
07/01/201618:21:00Sysco Buys E-Commerce Platform Supplies on the Fly

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