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Sysco Provides Update On 3-Year Plan, Boosts Operating Income Growth Target
Monday, February 29, 2016 - 1:07pm | 290Read More...Shares of SYSCO Corporation (NYSE: SYY) were trading higher by nearly 1.50 percent on Monday after the company provided an update to its three-year outlook. Sysco said that it plans on modernizing and adding new capability and functionality to its technological tools. The company noted that...
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Sysco Continues Hitting New Highs Following Earnings Release
Monday, February 1, 2016 - 4:11pm | 224Read More...SYSCO Corporation (NYSE: SYY) reported its second quarter results before Monday's market open, which helped boost the stock to a new 52-week high. Sysco earned $0.48 per share in the fourth quarter on revenue of $12.2 billion. Wall Street analysts were expecting the company to earn $0.41...
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10 Giant M&A Deals That Almost Happened...But Fell Through At The Last Minute
Thursday, October 22, 2015 - 10:02am | 2135Read More...While market conditions have sparked a number of mergers and acquisitions recently, history has proven that making a deal that will stand the test of time can be difficult. While blending corporate cultures and moving forward as a single entity is often trying for two companies that recently...
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Sysco Sees Modest Growth & EPS Miss In 3Q14
Monday, May 5, 2014 - 3:41pm | 220Read More...Sysco (NYSE: SYY) on Monday reported third quarter 2014 results. Sysco's president and CEO Bill DeLaney commented, "Third quarter sales growth was modest due to the impact of severe weather and lower levels of inflation compared to the prior year. However, March sales and gross profit year-over-...
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Sysco to Purchase US Foods in $8.2 Billion Acquisition
Monday, December 9, 2013 - 2:19pm | 360Read More...A major consolidation in the food service industry, following word on Monday that Sysco Corp. (NYSE: SYY) would purchase rival US Foods. According to a press statement, Sysco will pay around $3.5 billion in cash and stock for US Foods, and will assume about $4.7 billion of US Foods' debt. The...
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Sysco Serves Cold Third-Quarter Earnings
Monday, May 6, 2013 - 10:38am | 490Read More...Sysco Corporation (NYSE: SYY) opens the week down after serving cold third-quarter earnings and revenue. The Houston-based firm's EPS declined 23 percent to $0.34, falling far short of the $0.43 analysts expected. Revenue increased 3.8 percent year-over-year to $10.9 billion, but missed the...
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Sysco Shares Jump On Better-Than-Expected Q3 Earnings
Monday, May 3, 2010 - 8:27am | 181Read More...Sysco Corp (NYSE: SYY) announced that its net income for the third quarter had risen to $247.6 million, or $0.42 a share, from $226.2 million, or $0.38 a share, in the same period a year ago. The company's revenues for the quarter climbed to $8.9 billion, from $8.7 billion. The analysts were...
