Sysco Corp. (SYY) Misses Q1 EPS by 1c
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Sysco Reports First Quarter Fiscal 2019 Results
November 5, 2018 8:01 AM ESTHOUSTON, Nov. 05, 2018 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE: SYY) today announced financial results for its 13-week first fiscal quarter ended September 29, 2018.
First Quarter Fiscal 2019 Highlights
Sales increased 3.9% to $15.2 billionGross profit increased 3.9% to $2.9 billion; gross margin increased 2 basis pointsOperating income increased 1.4% to $628.1 million; adjusted¹ operating income increased 5.1% to $691.7 millionEPS increased $0.12 to $0.81; adjusted¹ EPS increased $0.17 to $0.91Our top-line results for the first quarter were solid, particularly in our U.S. Foodservice segment, said Tom... More
