Sysco Corp. (SYY) Tops Q4 EPS by 3c
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Sysco Reports Strong Fourth Quarter and Fiscal Year 2016 Results
August 15, 2016 8:02 AM EDTHOUSTON, Aug. 15, 2016 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE: SYY) today announced financial results for its 14-week fourth fiscal quarter and 53-week fiscal year 2016 ended July 2, 2016. In fiscal 2015, the fourth quarter included 13 weeks and the year included 52 weeks.¹
Fourth Quarter Fiscal 2016 Highlights
Sales increased 10.0% to $13.6 billion; on a comparable 13-week basis, sales increased 2.2%Gross profit increased 12.7% to $2.5 billion; gross margin increased 44 basis points to 18.3%; on a comparable 13-week basis, gross profit increased 4.7%Operating income increased 351.9% to $547... More