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Food-Cost Inflation Weighs on Sysco's Sales
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Copyright: Wall Street Journal
August 16, 2011
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Sysco Corp.'s sales rose slightly in the fiscal fourth quarter as the food-service distributor was faced with food-cost inflation of 5.9%. In the fourth quarter, which had one fewer week than the year-earlier period, Sysco's earnings slipped 0.4% as the food costs hurt margins. However, on a comparable 13-week basis, earnings increased 7.2%.
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