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Email Content: Poultry Industry News, Comments and more by Simon M. Shane

Sysco Reports on Q2 of FY 2019


In a press release dated February 4th Sysco Corporation (SYY) announced results for the 2nd Quarter of Fiscal 2019 ending December 29th 2018.

The following table summarizes the results for the period compared with the values for the corresponding quarter of the previous fiscal year (Values expressed as $ x 1,000 except EPS)

2nd Quarter Ending.

Dec. 29th 2018

Dec. 30th 2017

Difference (%)





Gross profit:




Operating income:




Net Income




Diluted earnings per share:




Gross Margin (%)




Operating Margin (%)




Profit Margin (%)




Long-term Debt:




12 Months Trailing:


Return on Assets (%)



Return on Equity (%)



Operating Margin (%)



Profit Margin (%)



Total Assets




Market Capitalization



52-Week Range in Share Price: $56.01 to $75.98

Market Noon February 4th post release $66.78 up 5.1 percent

Forward P/E:

In commenting on results, Tom Bené, Sysco Chairman, president and chief executive officer stated, "our second quarter results were in line with our expectations," He added "we saw solid topline growth, while we continue making investments in our business, particularly in our international segment. We remain focused on exceeding our customers' expectations, while continuing to manage costs, and anticipate seeing additional benefit from our cost savings initiatives in the second half of this fiscal year."

In order to drive continued growth and value creation, Sysco recently implemented organizational and executive leadership changes, which further align the company with its customer first operating model and streamline the business. This reorganization results in an approximate 10 percent reduction in salaried corporate support positions.

Copyright 2019 Simon M. Shane