facebook pixal

SYSCO REPORTS STRONG QUARTERAlso Receives Recognition From the Military

Sysco Corp., Houston, has reported a sales gain of 13.2 percent for its third fiscal quarter ended March 31, or $5.3 billion in business, as compared with $4.7 billion for the equivalent 2000 period. Net earnings were $139.4 million, an increase of 37 percent over the 2000 third quarter.

Sales for the first nine months came to $16.0 billion, 14 percent higher than the $14 billion of the same 2000 period. Net earnings for the nine months were $422.7 million, 36.6 percent ahead of $309.6 million, before an accounting change for the equivalent 2000 period.

"Sales gains in both the marketing associate-served and the multiunit customer bases, the continued strength and recognition of Sysco brand and the competitive advantages and operating efficiencies gained from our technology investments all contributed to third-quarter results," commented Charles H. Cotros, Sysco chairman and ceo.

Marketing associate-served customers represented 54.1 percent of traditional foodservice sales for the quarter, as compared with 53.2 percent for the comparable 2000 period. The Sysco label accounted for 53.6 percent of marketing-associate sales, as opposed to 50.4 percent in the third 2000 quarter.

Year-to-date real sales growth was 6.9 percent, excluding 5 percent for acquisitions and a 2.1 percent increase in food costs.

In addition, the national broadliner, which supplies $150 million worth of products to the military, was recently recognized by the Defense Supply Center Philadelphia (DSCP ) for pledging food support in case of wartime. (UniPro Foodservice, Inc., Atlanta, was the first recipient of this recognition.)

Want breaking news at your fingertips?

Get today’s need-to-know restaurant industry intelligence. Sign up to receive texts from Restaurant Business on news and insights that matter to your brand.


More from our partners