Food distributor Sysco Corporation (NYSE:SYY) piled a bit more on investors' plates with its earnings statement for the second quarter of the company's financial year.
Adjusted underlying earnings per share for the 13 weeks to the end of 2016 rose 20.8% year-on-year to 58 cents, versus the consensus forecast of 54 cents.
Sales at US$13.5bn were bang in line with the market's expectations, up 10.7% on the corresponding period of 2015.
US sales eased 0.5% from the year before to US$91bn, but international sales doubled to US$2.6bn from a year earlier, largely as a result of the acquisition of the Brakes Group, which delivers foodstuffs to the catering trade.
“I am pleased with the quality of our second quarter performance, which was driven by disciplined volume growth and sound margin and expense management,” said Bill DeLaney, Sysco's chief executive officer.
“We are encouraged by our consistently strong financial results over the past two years and are confident that our ongoing focus on supporting the needs of our customers positions us well for future success,” he added.
Shares rose around a dollar to US$53.50 in pre-market trading.