"Mother's Day is one of the most popular days of the year for people to enjoy meals that are prepared away from home and often results in a record sales week for Sysco," comments Richard J. Schnieders, Sysco chairman and ceo.
"The National Restaurant Association estimates that approximately 38% of the population treats Mom to a meal away from home on her special day."
Real growth for the first six weeks of the $25-billion broadliner's fourth quarter increased 7.6%, as compared with the equivalent period last year, Schnieders adds. This figure excludes a 1.8% gain through recent acquisitions and 0.8% growth attributable to inflation, from a total sales increase of 10.2% for the period. "We are at the mid-point of the final quarter for our fiscal year 2003, and we have been able to build on the momentum that we developed during the third quarter."