Sysco (SYY -2.3%) dips after its FQ1 earnings missed the mark on a per share basis and its...


Sysco (SYY -2.3%) dips after its FQ1 earnings missed the mark on a per share basis and its revenue narrowly slips by. Net earning fell 5.3% Y/Y as improved sales were largely offset by higher food and transportation expenses, plus increased charges related to its multiyear overhaul. Gross margin eased to 18.1% from 18.4%, while operating expenses were up 6%.

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