Skip to main content

Food distributor



reported an increase in fourth-quarter earnings and revenue, and the company's profit beat analysts' consensus estimate by 2 cents.

For the quarter ended June 28, the company earned $243 million, or 37 cents a share, compared with $206 million, or 31 cents a share, in the year-earlier quarter. Analysts were expecting 35 cents a share.

Scroll to Continue

TheStreet Recommends

Revenue increased to $6.97 billion from $6.31 billion last year.

"Product costs trended upward during the last half of the fiscal year, reversing the deflationary pressures experienced in the first half of the fiscal year, resulting in a flat rate for the entire year," said Thomas E. Lankford, Sysco's president and chief operating officer.

Shares of Sysco were gaining 21 cents to $29.78 on the

New York Stock Exchange