Sysco Corp. (SYY) Reports In-Line Q1 EPS
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Sysco Reports Strong Local Case Growth in First Quarter and Delivers Adjusted Diluted EPS of $0.52; $0.41 on a GAAP Basis
November 2, 2015 8:01 AM ESTHOUSTON, Nov. 2, 2015 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE: SYY) today announced financial results for its 13-week first fiscal quarter ended September 26, 2015.¹
First Quarter Fiscal 2016 Highlights²
Sales increased 0.9% to $12.6 billion; Gross profit increased 2.3% to $2.2 billion; gross margin increased 23 basis points to 17.81%; Adjusted operating income decreased 0.5% to $506 million; and Adjusted Earnings Per Share (EPS) was flat at $0.52."Our first quarter results demonstrate important early progress toward achieving our recently established three-year financial goals," said Bill DeLaney, Sysco president and chief executive officer. "Specifically,... More
