Sysco Corp. (SYY) Tops Q2 EPS by 1c

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Go back to Sysco Corp. (SYY) Tops Q2 EPS by 1c

Sysco Reports Second Quarter Fiscal 2020 Results

February 3, 2020 8:01 AM EST

The Company reaffirms its FY18-FY20 adjusted earnings per share guidance

HOUSTON, Feb. 03, 2020 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE: SYY) today announced financial results for its 13-week second fiscal quarter ended December 28, 2019.

Second Quarter Fiscal 2020 Highlights

Sales increased 1.8% to $15.0 billionGross profit increased 2.0% to $2.8 billion; gross margin increased 5 basis pointsOperating income increased 22.3% to $552.5 million; adjusted¹ operating income increased 3.9% to $626.9 millionEPS increased $0.23 to $0.74; adjusted¹ EPS increased $0.10 to $0.85

First Half Fiscal 2020... More