Sysco Corp. (SYY) Reports In-Line Q4 EPS
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Sysco Reports Fourth Quarter and Fiscal Year 2017 Results
August 14, 2017 8:01 AM EDTHOUSTON, Aug. 14, 2017 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE: SYY) today announced financial results for its 13-week fourth fiscal quarter and 52-week fiscal year 2017 ended July 1, 2017. In fiscal 2016, the fourth quarter included 14 weeks and the year included 53 weeks.¹ In July 2016, the company completed the acquisition of the Brakes Group, a leading European foodservice distributor with operations in the United Kingdom, Ireland, France, Sweden, Spain, Belgium and Luxembourg.
Fourth Quarter Fiscal 2017 Highlights
Sales increased 5.7% to $14.4 billion; on a comparable 13-week basis, excluding Brakes, sales increased 3.4% to $13.1 billionGross profit increased 10.3%... More