US foodservice marketer and distributor Sysco Corp has reported an 8.2% rise in quarterly net earnings, despite disruption caused by hurricanes in the southeast.
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The company reported net earnings of US$225.9m, or 35 cents per share, for the first quarter to 2 October, compared to $208.8m, or 32 cents per share, in last year’s first quarter. Sales increased 5.6% to $7.5bn, compared to $7.1bn a year earlier.
“The first quarter performance represents a terrific response by our associates to several strong and challenging factors, most notably the unprecedented weather impact from the four hurricanes they faced during the quarter,” said chairman and CEO Richard Schnieders.
“In spite of repeated weather disruptions in the southeast, rising fuel costs and food inflation, Sysco’s associates met and overcame these obstacles by maintaining the strong customer service focus that has made Sysco the leader in foodservice distribution,” he added.
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