Mon, Feb 3, 12:40 PM, Zacks Sysco Beats on Q2 Earnings, Misses Revs - Analyst Blog Sysco reported second-quarter fiscal 2013 adjusted earnings of 47 cents. Earnings beat the Zacks Consensus Estimate of 40 cents by 17.5% but declined from the prior-year quarter earnings of 49 cents by 4.1%.
Sysco distributes food and related products primarily to the foodservice or food-away-from-home industry. Co.'s customers include restaurants, hospitals and nursing homes, schools and colleges, hotels and motels, and industrial caterers. The products Co. distributes include: a line of frozen foods, such as meats, seafood, fruits, vegetables and desserts; a line of canned and dry foods; meats and seafood; dairy products; and beverage products. Co. also supplies a variety of non-food items, including: paper products such as disposable napkins, plates and cups; tableware; cookware; restaurant and kitchen equipment and supplies; and cleaning supplies.
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