Sysco Corp. (SYY) Reports In-Line Q3 EPS
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Sysco Reports Third Quarter Earnings
May 8, 2017 8:00 AM EDTHOUSTON, May 08, 2017 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE: SYY) today announced financial results for its 13-week third fiscal quarter ended April 1, 2017.¹
Third Quarter Fiscal 2017 Highlights
Sales increased 12.7% to $13.5 billion; excluding Brakes, sales increased 2.3% to $12.3 billionGross 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... More