Reported 3 months ago
Sysco, a major food supplier, reported better-than-expected quarterly profits as it benefited from easing cost pressures, despite falling short of sales forecasts. For the fourth quarter ending June 29, the company's earnings were $1.39 per share, surpassing analysts' expectations of $1.38. However, its net sales of $20.56 billion slightly missed estimates. Sysco's shares rose 2.3% in premarket trading as the company navigates a challenging restaurant industry.
Source: YAHOO