Sysco defied expectations this quarter, reporting financial results that boasted of increased sales, gross, profit, and case growth. Even in a challenging market, the foodservice provider beat estimates.
Highlights from the company’s third quarter include:
“We had a solid quarter, driven by strong top-line results that translated into healthy gross profit dollar growth,” said Sysco's President and CEO, Tom Bené. “Despite some ongoing cost challenges, we remain on target to deliver on our current three-year plan.”
The company also stated that it saw significant tax benefits during the quarter. As a result, earnings per share growth of 43.2 percent exceeded operating income growth of 11.5 percent.
For more details from Sysco’s financial report, click here.
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