Sysco Corp. recently announced earnings for its second fiscal quarter, showing a significant increase from the same period of the previous year. This also surpassed the projections of industry analysts.
In specific numbers, the company's net income came to $415.24 million, equivalent to 82 cents per share. Notably, this is an impressive increase from last year's second quarter, when the company reported earnings of $141.22 million, or 28 cents per share.
When excluding additional factors, Sysco Corp. reported adjusted earnings for the quarter at $449 million, or 89 cents per share.
Industry observers, on average, had predicted that the company would earn 87 cents per share, figures that were gathered by Thomson Reuters, excluding any special items.
Revenue for the company also saw an increase for the quarter, growing by 3.8% to reach $19.29 billion. This is up from last year's second-quarter revenue of $18.59 billion.
To summarize Sysco Corp.'s earnings briefly:
- Second-quarter earnings: $415.24 million compared to $141.22 million in the previous year.
- Earnings per share for the second quarter: $0.82 up from $0.28 last year.
- Expected earnings by analysts: $0.87 per share.
- Second-quarter revenue: $19.29 billion, a climb from $18.59 billion in the previous year.
