Sysco Earns 55 Cents for Q4

Good news this morning; Sysco ($SYY) reported fiscal Q4 earnings of 55 cents per share. That’s pretty much what I was expecting. Wall Street’s consensus was for 54 cents per share. For the year (Sysco’s fiscal year ends in June), the company made $1.93 per share. Investors seem pleased as the stock is up $1.21 or 4.20%.

Quarterly sales came in at $11 billion which is a 5.9% over last year’s Q4. What Sysco calls “adjusted operating income” increased by 2.2% to $608 million. The Street expects earnings for the current fiscal year of $2 per share. That means the stock is going for about 15 times earnings.

Posted by on August 13th, 2012 at 10:29 am


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