Sysco Corp. (SYY) Tops Q1 EPS by 10c

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Go back to Sysco Corp. (SYY) Tops Q1 EPS by 10c

Sysco Reports First Quarter Fiscal 2021 Results

November 3, 2020 8:00 AM EST

THE COMPANY DELIVERED $420M OF OPERATING INCOME ($365M ON AN ADJUSTED BASIS1) AND POSITIVE FREE CASH FLOW2 DESPITE A SALES DECLINE IN THE FIRST QUARTER RELATED TO THE IMPACT OF THE GLOBAL PANDEMIC ON OUR INDUSTRY.

HOUSTON, Nov. 03, 2020 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE: SYY) today announced financial results for its 13-week first fiscal quarter ended September 26, 2020.

First Quarter Fiscal 2021 Highlights

Sales decreased 23.0% to $11.8 billionGross profit decreased 24.6% to $2.2 billion; gross margin decreased 39 basis pointsOperating income decreased... More