Sysco Corp. (SYY) Tops Q3 EPS by 3c
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Sysco Reports Third Quarter Earnings
May 7, 2018 8:00 AM EDTHOUSTON, May 07, 2018 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE: SYY) today announced financial results for its 13-week third fiscal quarter ended March 31, 2018.
Third Quarter Fiscal 2018 Highlights
Sales increased 6.1% to $14.3 billionGross profit increased 5.6% to $2.7 billion; gross margin decreased 9 basis points to 18.65%Operating income increased 11.5% to $486 million; adjusted operating income increased 7.1% to $536 millionEarnings Per Share¹ (EPS) increased $0.19 to $0.63; adjusted EPS increased $0.16 to $0.67First 39 Weeks of Fiscal 2018 Highlights
Sales increased 6.0% to $43.4 billionGross profit increased 4.8% to $8.2 billion; gross margin decreased 23 basis points to... More