Sysco’s Earnings

Even for a defensive stock, Sysco (SYY) tends to be pretty defensive. The quarterly numbers tend not to fluctuate much. For the September quarter, the company’s fiscal first quarter, Sysco earned 46 cents a share, which was a penny below Street estimates. Last year, it earned 43 cents a share.
While the S&P 500 is off by about 34% for the year, Sysco is “only” down around 18%. That’s a rough year but it’s a lot better than most. Sysco is currently going for about 13 times next year’s earnings.

Posted by on November 3rd, 2008 at 12:22 pm


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