BMO Capital Raises Price Target on Sysco Corp. (SYY) Following 3Q EPS Beat

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Go back to BMO Capital Raises Price Target on Sysco Corp. (SYY) Following 3Q EPS Beat

Sysco Delivers Strong Third Quarter Earnings

May 2, 2016 8:03 AM EDT

Solid local case growth and expense management drives $60 million adjusted operating income improvement

HOUSTON, May 02, 2016 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE: SYY) today announced financial results for its 13-week third fiscal quarter ended March 26, 2016.¹

Third Quarter Fiscal 2016 Highlights²

Sales increased 2.2% to $12.0 billion;Gross profit increased 4.1% to $2.1 billion; gross margin increased 34 basis points to 17.9%;Adjusted operating income increased 16.0% to $438 million; andAdjusted Earnings Per Share (EPS) increased $0.06 to... More