Sysco slumps on profit worries

|About: Sysco Corporation (SYY)|By:, SA News Editor

Sysco (SYY -5.6%) trades lowering after reporting sub-par Q2 earnings on higher food costs and ongoing consumer weakness in the restaurant sector.

An unfavorable shift in restaurant spending and mix also cut into Sysco's profitability.

Looking at the current fiscal year, CEO Bill DeLaney says Sysco forecasts gradual improvement.