Sysco Delivers Strong First Quarter Results; Reiterating Fiscal Year 2022 Guidance
Sysco Corporation today announced financial results for its 13-week first fiscal quarter ended October 2, 2021.
Key highlights for the first quarter of fiscal year 2022:
- Strong sales growth of 8% compared to 2019 levels, with meaningful market share gains;- October sales growth of 10% compared to 2019 levels, continuing Q1 sequential sales improvement;- Generated EBITDA comparable to pre-COVID 2019 levels;- Inflation effectively managed, despite the dynamic supply chain environment;- Gross profit per case increases across all segments;- Sysco’s Recipe for Growth strategy advances; and- International operations...
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