Food Supplier Sysco Beats Quarterly Sales Estimates on Steady Demand
Food distributor Sysco Corp beat first-quarter revenue estimates on Tuesday, helped by steady demand for its specialty seafood and fresh-cut meat products, but missed profit expectations.
Sysco's quarterly sales numbers offer a bright spot at a time when the broader U.S. restaurant industry is struggling with weaker traffic due to strained household budgets and higher menu prices.
However, the company has been facing pressure from the still-elevated prices of packaged and fresh food products, even as supply chain...
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