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Stock impact report

SYY Q2 Earnings Top Estimates on Margin Strength & Local Volume Growth [Yahoo! Finance]

Sysco Corporation (SYY) 
Last sysco corporation earnings: 2/3 08:00 am Check Earnings Report
US:NYSE Investor Relations: investors.sysco.com
Company Research Source: Yahoo! Finance
Results reflected improving volume trends and margin expansion during the quarter. The company's bottom line surpassed expectations, supported by positive local case growth within U.S. Foodservice operations and continued growth in international markets. Sysco's adjusted earnings of 99 cents per share surpassed the Zacks Consensus Estimate of 98 cents. This figure increased 6.5% year over year, reflecting continued momentum in the company's core business. Sysco Corporation price-consensus-eps-surprise-chart | Sysco Corporation Quote The global food product maker and distributor reported sales of $20.8 billion, which moved up 3% year over year, and came almost in line with the Zacks Consensus Estimate of $20.81 billion. Foreign exchange movements boosted the company's sales by 0.7%. Excluding the impacts of the divested Mexico joint venture, Sysco's sales grew 3.5%. Sysco's gross profit rose 3.9% to $3.8 billion, while the gross margin improved by 15 basis points to 18.3%. At Show less Read more
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