Sysco Corp. (SYY) Tops Q4 EPS by 1c
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Sysco Reports Fourth Quarter and Full Year 2018 Earnings
August 13, 2018 8:00 AM EDTHOUSTON, Aug. 13, 2018 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE: SYY) today announced financial results for its 13-week fourth fiscal quarter and its fiscal year ended June 30, 2018.
Fourth Quarter Fiscal 2018 Highlights
Sales increased 6.2% to $15.3 billionGross profit increased 5.7% to $2.9 billion; gross margin decreased 9 basis pointsOperating income increased 23.2% to $687.7 million; adjusted operating income increased 15.7% to $771.2 millionEPS¹ increased $0.28 to $0.85; adjusted EPS increased $0.22 to $0.94Fiscal 2018 Highlights
Sales increased 6.1% to $58.7 billionGross profit increased 5.0% to $11.1 billion; gross margin decreased 19 basis pointsOperating income increased 13.4% to... More