Sysco Reports Mixed Results for First Quarter of Fiscal 2011 as Sales, Costs Increase
Sysco Reports Mixed Results for First Quarter of Fiscal 2011 as Sales, Costs Increase
SUGAR LAND--November 9, 2010--Researched by Industrial Info Resources (Sugar Land, Texas)--North American food distribution leader Sysco Corporation (NYSE:SYY) (Houston, Texas) saw mixed results for the first quarter of the company's fiscal year 2011, as a decline in gross profit margin and an increase in costs eroded an overall increase in sales. Net earnings for the quarter were reported to be $299.07 million, an 8.32% decrease from first-quarter 2010.
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