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Sysco sees sales, earnings climb in fiscal 2Q

Published Sunday, May 01, 2005

Sysco Corp, the Houston TX-based foodservice marketer and distributor, announced results for the fiscal second quarter ended Jan 1, 2005. Net earnings gained 4.8% to $232.6 million versus $222.0 million in last year's second quarter. Sales increased 4.2% to $7.3 billion compared with $7.0 billion in the second quarter of fiscal 2004. Operating expenses as a percent of sales were 13.71%, a 46-basis point reduction in comparison with 14.17% in the same period a year ago. For the first half of fiscal 2005, net earnings rose 6.4% to $458.6 million versus $430.8 million in last year's first 26 ...

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