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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Sysco Corp | NYSE:SYY | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.01 | -0.01% | 75.35 | 75.80 | 74.84 | 75.54 | 2,567,376 | 23:57:32 |
From May 2019 to May 2024
By Kimberly Chin
Sysco Corp. (SYY) posted weaker-than-expected profit and sales in the first quarter of 2019 due to higher expenses in the warehouse and transportation areas of its supply chain.
The food-services business said its profit rose 17% to $431 million, or 81 cents a share compared with the same period last year. Analysts polled by Refinitiv had expected earnings of 91 cents a share.
On an adjusted basis, Syco earned 91 cents a share, just below consensus forecasts of 92 cents.
Revenue rose 4% to $15.22 billion from a year ago, primarily due to an increase in sales from its international food-service operations. This was below analysts' expectations of $15.39 billion in sales. Sales in its domestic food-service operations rose 5.6% compared with last year, while its international sales increased 0.6%.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
November 05, 2018 08:32 ET (13:32 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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