Sysco Corp. (SYY) Misses Q3 EPS by 17c, Revenue In-Line

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Go back to Sysco Corp. (SYY) Misses Q3 EPS by 17c, Revenue In-Line

Sysco Reports Third Quarter Fiscal 2020 Results

May 5, 2020 8:00 AM EDT

HOUSTON, May 05, 2020 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE: SYY) today announced financial results for its 13-week third fiscal quarter ended March 28, 2020.

Third Quarter Fiscal 2020 Highlights

Sales decreased 6.5% to $13.7 billionGross profit decreased 6.9% to $2.6 billion; gross margin decreased 7 basis pointsOperating income decreased 88.6% to $60.3 million; adjusted¹ operating income decreased 39.2% to $377.0 millionEPS decreased $0.86 to $(0.01); adjusted¹ EPS decreased $0.34 to $0.45

First 39 Weeks of Fiscal 2020 Highlights

Sales... More