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Home » Sysco 2Q Sales Down 3%

Sysco 2Q Sales Down 3%

By    MDM  Staff 
February 1, 2010
More about:  Grocery/Foodservice
Fiscal year to date, sales for the foodservice distributor were down 5.7%.
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Foodservice distributor Sysco Corp. (NYSE: SYY), Houston, TX, reported sales for the second quarter ended Dec. 26 were $8.9 billion, down 3.1% from the prior year same period. Profit increased 12.9% to $268.3 million.

Fiscal year to date, sales were $17.9 billion, down 5.7% from the first half of fiscal 2009. Profit increased 15.6% to $594.6 million.

"I am encouraged by our operating performance this quarter," CEO Bill DeLaney said. "While the business environment remains challenging, deflation pressures appear to be moderating from highs we saw early in the quarter and case volume trends continue to improve."

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