UPDATE: Sysco Corp. (SYY) Reports Q2 EPS of 78c

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Go back to UPDATE: Sysco Corp. (SYY) Reports Q2 EPS of 78c

Sysco Reports Second Quarter Fiscal 2018 Results

February 5, 2018 8:00 AM EST

The Company remains on track to achieve its fiscal year 2018 financial targets

HOUSTON, Feb. 05, 2018 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE: SYY) today announced financial results for its 13-week second fiscal quarter ended December 30, 2017.¹

Second Quarter Fiscal 2018 Highlights

Sales increased 7.1% to $14.4 billionGross profit increased 5.0% to $2.7 billion; gross margin decreased 38 basis points to 18.73%Operating income increased 8.1% to $532 million; adjusted operating income increased 3.9% to $579 million Earnings Per Share (EPS) increased $0.04 to $0.54; adjusted EPS increased $0.20 to $0.78; further adjusting to exclude a one-time benefit... More