US foodservice marketer and distributor Sysco has reported a 4.8% rise in quarterly earnings on a 4.2% rise in sales.
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The company said net earnings were US$232.6m, or 36 cents per share, for the second quarter to 1 January, compared to $222.0m, or 34 cents per share, for the year-ago period.
Sales rose to $7.3bn from $7.0bn a year earlier. Acquisitions contributed 0.7% to sales growth, and inflation, as measured by product cost increases, was 3.8% in the second quarter.
“Our associates generated sound results in the second quarter by continuing to focus on controlling expenses, implementing business review and business development strategies and by leveraging our technology systems to more efficiently and accurately serve our customers,” said Richard J. Schnieders, Sysco’s chairman and chief executive officer.
