Sysco Beats by a Penny

This morning, Sysco (SYY) reported fiscal Q1 EPS of 46 cents, one penny ahead of expectations. The results don’t include an 11-cent tax benefit.
I like Sysco’s business because it’s remarkably stable. However, this is the fourth straight year-over-year decline for Sysco. In the comparable quarter from last year, they made 45 cents a share, so the decline isn’t that much.
Since the earnings declines have been getting smaller, I think it’s very likely that this will be the last one. The stock is reasonably well-priced though it’s not an outrageous bargain.

Posted by on November 2nd, 2009 at 10:55 am


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