Sysco Reports Record Q3 Operating Income, Higher Operating Expenses
Sysco released its third-quarter earnings on Tuesday, reporting its adjusted Earnings Per Share (EPS) at $0.90. This was below what analysts were anticipating, contributing to a roughly 2% decline in Sysco’s shares (SYY) during premarket trading. On the year so far, Sysco's shares have advanced by about 0.5%.
Sysco is a global leader in selling, marketing, and distributing food products to various outlets including healthcare and educational facilities. The company operates over 300 distribution facilities around the world.
While the company's Q3 earnings missed expectations, gross profit for its 13-week...
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