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Sysco CEO Discusses F1Q2011 Results – Earnings Call Transcript

Sysco Corporation ( SYY)

F1Q2011 Earnings Call Transcript

November 8, 2010 10:00 am ET


Neil Russell – VP, IR

Bill DeLaney – President & CEO

Chris Kreidler – EVP & CFO


Ajay Jain – Hapoalim Securities

Meredith Adler – Barclays Capital

Mark Wiltamuth – Morgan Stanley

Jeff Hans – Citigroup

Andrew Wolf – BB&T Capital Markets

John Ivankoe – JPMorgan

Bob Summers – Susquehanna

John Heinbockel – Guggenheim

Bob Cummins – Wellington Shields



Good day, everyone. Welcome to the Sysco’s first quarter fiscal 2011 earnings results conference call. As a reminder, today’s call is being recorded.

At this time, for opening remarks and introductions, I’d like to turn the call over to Neil Russell. Please go ahead, sir.

Neil Russell

Thank you, operator, and good morning, everyone. Thank you for joining us for Sysco’s first quarter 2011 conference call. On today’s call you will hear from Bill DeLaney, our President and Chief Executive Officer and Chris Kreidler, our Chief Financial Officer.

Before we begin, please note that statements made in the course of this presentation that state the company’s or management’s intentions, beliefs, expectations or predictions of the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ in a material manner.

Additional information concerning factors that could cause actual results to differ in a material manner from those in the forward-looking statements is contained in the company’s SEC filings, including but not limited to, risk factors contained in the company’s Annual Report on Form 10-K for the year ended July 3, 2010 and in the company’s press release issued earlier this morning.

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