Sysco Corp. (NYSE: SYY), Houston, TX, reported sales for the year ended June 29 of $44.4 billion, an increase of 4.8 percent compared to the same period a year ago. Profit decreased 11.5 percent to $992.4 million.
For the fourth quarter, sales were $11.6 billion, an increase of 5 percent compared to the same period a year ago. Profit decreased 8.5 percent to $283 million.
Food cost inflation during the quarter was 2 percent, as measured by the estimated change in Sysco's product costs, driven mainly by inflation in the dairy and poultry categories.
