Foodservice distributor Sysco Corp. (NYSE:SYY), Houston, TX, reported sales for the second quarter ended Dec. 31, 2011, were $10.2 billion, up 9.2 percent over the same period a year ago. Profit declined 3.1 percent to $250.1 million.
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For the first six months of fiscal 2012, sales were $20.8 billion, up 8.9 percent in a year-over-year comparison. Profit was $552.8 million, down slightly from the year-ago period.
\”Our case growth trends improved in the latter part of the quarter as we were well positioned to benefit from the favorable market conditions our customers experienced during the holiday season,\” said Bill DeLaney, Sysco’s president and CEO. \”Adjusted operating earnings growth in our core business was modest however, as product cost inflation continued at historically high levels and pricing pressure remained acute.\”