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Foodservice distributor Sysco Corp. (NYSE: SYY), Houston, TX, reported sales for the fiscal first quarter ended September 27 of $12.4 billion, an increase of 6.2 percent compared to the same period a year ago. Profit decreased 2.4 percent to $278.8 million.
Food cost inflation was 4.9 percent during the quarter as measured by the estimated change in Sysco's product costs, driven mainly by inflation in the meat, dairy and seafood categories. Sales from acquisitions (within the last 12 months) increased sales by 0.6 percent.