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.”