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Sysco slips after EPS miss, conference call warning on industry fundamentals

May 02, 2023 3:17 PM ETSysco Corporation (SYY) StockBy: Clark Schultz, SA News Editor
Sysco’s sign at its headquarters in Houston, Texas, USA.


Sysco (NYSE:SYY) slipped in afternoon trading on Tuesday after beating estimates with a 11.8% year-over-year increase in FQ3 revenue to $18.9B, but falling short with its EPS mark.

Gross margin increased 35 basis points to 18.2% of sales. Product cost inflation was

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