Foodservice distributor Sysco Corp., Houston, TX, (NYSE:SYY) reported sales for the fourth quarter fiscal 2010 ended July 3, 2010, were $10.3 billion, up 13.9 percent from the fourth quarter 2009. Profit was up 7.1 percent to $338 million in the fourth quarter.
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For fiscal 2010, sales of $37.2 billion were 1.1 percent higher than 2009. Profit was $1.2 billion, up 11.7 percent.
"I am pleased and appreciative of the solid financial results our associates produced this past year. Volume trends improved as the year progressed and we executed at a high level both in supporting our customers and improving productivity in all aspects of our business," said Bill DeLaney, Sysco's president and CEO. "While the extent, pace and consistency of the economic recovery are not clear, the foundation of Sysco's business is strong and we are well positioned to capitalize on opportunities that materialize as we move forward."
