Sysco Reports Record $11 Billion In Quarterly Sales

Sysco Headquarters in Houston. [Wikipedia image/WhisperToMe]
Houston-based Sysco announced net earnings of more than $220 million for the quarter ending in December.

The foodservice company registered sales of nearly $11 billion for the second quarter of its fiscal year. That’s an increase of more than 5% from the same period a year earlier.

Bill DeLaney is Sysco’s president and CEO.

“During the quarter, solid case volume growth contributed to the highest second quarter sales level in our history. This growth was driven by both acquisition and organic growth, as we were particularly successful in growing with our large regional and national customers.”

Sysco’s earnings per share were $0.38, down from $0.43 from the second quarter of fiscal year 2012. The drop reflected restructuring costs and transformation expenses. It also included a loss of about a penny a share due to costs tied to Hurricane Sandy.

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Andrew Schneider

Business Reporter

Andrew Schneider joined KUHF in January 2011, after more than a decade as a print reporter for The Kiplinger Letter...