Sysco Corp. (SYY) Tops Q2 EPS by 2c, Revenues Miss

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Go back to Sysco Corp. (SYY) Tops Q2 EPS by 2c, Revenues Miss

Sysco Reports Second Quarter Fiscal 2019 Results

February 4, 2019 8:00 AM EST

HOUSTON, Feb. 04, 2019 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE: SYY) today announced financial results for its 13-week second fiscal quarter ended December 29, 2018.

Second Quarter Fiscal 2019 Highlights

Sales increased 2.5% to $14.8 billionGross profit increased 2.7% to $2.8 billion; gross margin increased 4 basis pointsOperating income decreased 14.5% to $451.9 million; adjusted¹ operating income increased 4.8% to $603.3 millionEPS decreased $0.03 to $0.51; adjusted¹ EPS decreased $0.03 to $0.75

First Half Fiscal 2019 Highlights

Sales increased 3.2% to $30.0 billionGross profit increased 3.3% to $5.7 billion; gross margin increased 3 basis pointsOperating income decreased 5.9% to $1.1... More