Sysco Corp. (SYY) Reports In-Line Q3 EPS

Sysco Corp. (NYSE: SYY) reported Q3 EPS of $0.51, in-line with the analyst estimate of $0.51. Revenue for the quarter came in at $13.5 billion versus the consensus estimate of $13.15 billion.

• Sales increased 12.7% to $13.5 billion; excluding Brakes, sales increased 2.3% to $12.3 billion
• Gross profit increased 18.3% to $2.5 billion; gross margin increased 89 basis points to 18.74%; excluding Brakes, gross profit increased 4.3% to $2.2 billion and gross margin increased 34 basis points to 18.20%
• Operating income increased 15.5% to $436 million; adjusted operating income increased 14.3% to $500 million; excluding Brakes, adjusted operating income increased 13.6% to $497 million
• Earnings Per Share (EPS) increased $0.06 to $0.44; adjusted EPS increased $0.05 to $0.51; excluding Brakes, adjusted EPS increased $0.04 to $0.50

For earnings history and earnings-related data on Sysco Corp. (SYY) click here.

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