Sysco Corp. (SYY) Misses Q3 EPS by 1c

Sysco Corp. (NYSE: SYY) reported Q3 EPS of $0.38, $0.01 worse than the analyst estimate of $0.39. Revenue for the quarter came in at $11.3 billion versus the consensus estimate of $11.4 billion.

"Third quarter sales growth was modest due to the impact of severe weather and lower levels of inflation compared to the prior year. However, March sales and gross profit year-over-year trends were significantly stronger compared to January and February as demand rebounded with improved weather and locally-managed sales strengthened," said Bill DeLaney, Sysco's president and chief executive officer. "In addition, while we experienced cost pressure in our delivery area, continued progress in implementing our Business Transformation initiatives drove lower year-over-year operating expense per case in our Broadline segment."

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

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