Sysco Corp. (SYY) Tops Q1 EPS by 9c

Sysco Corp. (NYSE: SYY) reported Q1 EPS of $0.67, ex-items, $0.09 better than the analyst estimate of $0.58. Revenue for the quarter came in at $14 billion versus the consensus estimate of $13.88 billion.

Excluding Brakes adjusted EPS increased $0.11 to $0.63.

“I am pleased with our first quarter performance which built upon the favorable results we have achieved over the past several quarters,” said Bill DeLaney, Sysco’s chief executive officer. “We continued to focus on supporting the needs of our customers and achieved strong earnings growth through solid execution in a softening industry environment. We remain committed to achieving our three-year plan financial goals.”

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

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