- 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.
Sysco slumps on profit worries
Aug 12 2013, 15:21 ET