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Sysco's fiscal 4Q profit retreats by 11%

Published Wednesday, August 16, 2006

Houston TX-based Sysco Corp's profit for the fiscal fourth quarter ended July 1, 2006, decreased 11%, due partly to soaring fuel costs and pension expenses. The foodservice distributor's profit for the quarter ended July 1 dropped to $254.1 million, versus a profit of $284.7 million in the comparable period a year earlier. Sysco's revenue for the 2006 quarter gained 7% to $8.51 billion, compared with $7.98 billion in the prior-year quarter. For the entire fiscal year, profit declined 11% to $855.3 million, in contrast to $961.5 million one year ago. Revenue for the fiscal year advanced 8% to ...

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