SOURCE: Industrial Info Resources

Industrial Info Resources

November 09, 2010 05:20 ET

Sysco Reports Mixed Results for First Quarter of Fiscal 2011 as Sales, Costs Increase, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - November 9, 2010) - Researched by Industrial Info Resources (Sugar Land, Texas) -- North American food distribution leader Sysco Corporation (NYSE:SYY) (Houston, Texas) saw mixed results for the first quarter of the company's fiscal year 2011, as a decline in gross profit margin and an increase in costs eroded an overall increase in sales. Net earnings for the quarter were reported to be $299.07 million, an 8.32% decrease from first-quarter 2010. Industrial Info is tracking $365 million worth of active Sysco projects in the U.S., including a $5 million addition to the company's produce processing plant in Nashville, Tennessee. For more information, visit Industrial Info's North American Food & Beverage Project Database.

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