US foodservice marketer and distributor Sysco has posted a 20.3% rise in quarterly net earnings.

The company reported net earnings of US$222.0m for the second quarter to 27 December, compared to $184.6m a year earlier.

Sales increased to $7.0bn, compared to $6.3bn in last year’s second quarter

“Our performance in the second quarter provided further proof that our growth strategies are fundamentally sound and successful,” said president and chief operating officer Thomas Lankford. “We believe that Sysco continues to grow sales and earnings at a rate above the industry average and we remain confident that we will continue to increase our market share from its current 13% level.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.