News for Sysco
Feb 19 · 3:33:00 PM · Source: Company Press Release
Sysco Corporation announced today that its Board of Directors declared a regular quarterly cash dividend of $0.25 per share, payable on April 23, 2010, to common shareholders of record at the close of business on April 1, 2010.
At today's stock price of $29.12, Sysco currently yields 3.43%.
Track · email · face · Twitter · digg · COMMENTS
by Rich Pike
Dec 18 · 1:42:00 PM · Source: FastCasual.com
FastCasual.com is reporting that Coleman Natural Foods, the country’s leading processor of fresh and prepared, natural and organic, free-range poultry, beef and pork products, has entered into an exclusive agreement with Sysco. The arrangement covers a variety of Coleman’s popular all natural and organic chicken and beef products, said John Bogert, Coleman’s chief operating officer. The products are targeted to fast-casual and casual dining establishments.
Track · email · face · Twitter · digg · COMMENTS
by Rich Pike
Nov 2 · 11:39:00 AM · Source: Company Press Release
Sysco reported net earnings for the first quarter were $326 million, an increase of $49 million, or 17.8%, and diluted EPS was $0.55, an increase of $0.09, or 19.6%, compared to the prior year period. Sales for the first quarter were $9.1 billion, a decrease of 8.1% compared to the same period last year.
"I am pleased with our solid operating performance this quarter," said Bill DeLaney, Sysco's chief executive officer. "In the midst of what continues to be an extremely challenging business environment, our operating companies managed expenses extraordinarily well. Our sales decline was largely caused by the impact of reduced consumer spending experienced by much of our customer base, as well as significant food cost deflation. Looking forward, we are encouraged by the stabilization of our volume trends in recent weeks and we remain committed to supporting our customers through this most difficult period in our industry's history."
Track · email · face · Twitter · digg · COMMENTS
by Rich Pike
Advertisement