Sysco Corp. (SYY) Misses Q2 EPS by 17c

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Go back to Sysco Corp. (SYY) Misses Q2 EPS by 17c

Sysco Reports Second Quarter Fiscal 2021 Results

February 2, 2021 8:00 AM EST

SYSCO ADVANCES TRANSFORMATION WHILE GAINING MARKET SHARE IN ADISRUPTED MARKETPLACE

HOUSTON, Feb. 02, 2021 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE: SYY) today announced financial results for its 13-week second fiscal quarter ended December 26, 2020.

Second Quarter Fiscal 2021 Highlights

Sales decreased 23.1% to $11.6 billionGross profit decreased 25.8% to $2.1 billion; gross margin decreased 67 basis pointsOperating income decreased 61.6% to $212.1 million; adjusted1 operating income decreased 62.7% to $234.1 millionEarnings per share (EPS) decreased $0.61 to $0.13; adjusted1 EPS decreased $0.68 to $0.17

First Half Fiscal 2021... More