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UpInArms Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-16-04 08:23 AM
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10. Sysco Feels Bite of Inflation
(didn't they say that food prices dropped last week?)

Sysco Corp. (SYY:NYSE - news - research) Monday said its profit rose more than 15% in the fourth quarter, as the food distributor coped with higher costs and slowing sales.

The Houston-based company had net income of $280.6 million, or 43 cents a share in the quarter ended July 3, vs. $242.7 million, or 37 cents a share, in the year-ago period. Sales increased 16.7% to $8.14 billion, including sales from acquisitions. The 2004 quarter contained one more week than the year-ago one. The consensus estimate was for 45 cents a share, according to Thomson First Call.

The company said it was "able to generate solid sales and earnings numbers during the fourth quarter while competing in a market that can best be described as challenging." Sysco cited inflationary pressures, saying higher costs for dairy and meat products contributed to a sales slowdown during the quarter.

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  -STOCK MARKET WATCH, Monday 16 August ozymandius  Aug-16-04 07:24 AM   #0 
  - Empire State Index - Oooof!  Frodo   Aug-16-04 07:44 AM   #1 
  - you were way faster than I was on that report :)  UpInArms   Aug-16-04 08:54 AM   #17 
     - I just figured you had me on "ignore"  Frodo   Aug-16-04 09:06 AM   #18 
        - nope - just hadn't reloaded the page  UpInArms   Aug-16-04 09:12 AM   #20 
  - U.S. Empire State index plunges to 12.6 in August  UpInArms   Aug-16-04 07:49 AM   #2 
  - fleshing out that report a bit  UpInArms   Aug-16-04 08:45 AM   #15 
  - why aren't your graphics refreshing?? NT  dixielib   Aug-16-04 07:50 AM   #3 
  - Inadequate refrigeration?  Frodo   Aug-16-04 07:54 AM   #4 
  - I am looking into this.  ozymandius   Aug-16-04 08:15 AM   #8 
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  - I want to say "thank you" for your support.  ozymandius   Aug-16-04 08:13 AM   #7 
  - I read this thread on an almost daily basis.....  llmart   Aug-16-04 03:55 PM   #64 
  - pre-opening blather  UpInArms   Aug-16-04 08:18 AM   #9 
  - thowing in the pre-opening blather  UpInArms   Aug-16-04 09:53 AM   #32 
  - Sysco Feels Bite of Inflation  UpInArms   Aug-16-04 08:23 AM   #10 
  - NEW CHART TEST  ozymandius   Aug-16-04 08:25 AM   #11 
  - New CNN charts  ozymandius   Aug-16-04 08:31 AM   #12 
  - 9:36 EST and markets are open  UpInArms   Aug-16-04 08:37 AM   #13 
  - Here's the official link to the Empire State Report  Zynx   Aug-16-04 08:41 AM   #14 
  - 9:46 EST numbers and blather (happy happy joy joy)  UpInArms   Aug-16-04 08:47 AM   #16 
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     - here's the spinner's explanation for that spike  UpInArms   Aug-16-04 09:38 AM   #29 
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  - I like hay rides  nolabels   Aug-16-04 09:40 AM   #30 
     - with the price of oil, looks like we'll need hayburners instead  UpInArms   Aug-16-04 09:47 AM   #31 
        - Horses are beautiful people too  nolabels   Aug-16-04 11:18 AM   #40 
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     - volume low - that way the numbers are easier to push up  UpInArms   Aug-16-04 10:08 AM   #35 
     - That would explain a lot. Thanks.  Zynx   Aug-16-04 10:13 AM   #38 
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        - Lemmings at the BUY window - see these charts!  ozymandius   Aug-16-04 10:27 AM   #39 
  - 12:54 EST numbers and blather (still flying high)  UpInArms   Aug-16-04 11:56 AM   #42 
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     - "Market Timer Astrologer" Ray Merriman's view on market..pre-election.  KoKo01   Aug-16-04 12:08 PM   #46 
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  - Looks to me like someone is drinking Recovery flavored Kool-Aid  loudsue   Aug-16-04 11:59 AM   #44 
  - Kiss low gasoline prices goodbye  UpInArms   Aug-16-04 12:08 PM   #48 
  - 2:20 numbers..they say it's due to oil stability....What stability, I ask?  KoKo01   Aug-16-04 01:21 PM   #49 
  - They're stable, but high. ;-)  Zynx   Aug-16-04 01:35 PM   #50 
  - Tail wags dog. Film at eleven  54anickel   Aug-16-04 02:07 PM   #51 
  - Global: Razors Edge (Stephen Roach)  54anickel   Aug-16-04 02:10 PM   #52 
  - A good excuse  54anickel   Aug-16-04 02:14 PM   #53 
  - Averages! Is it just me or do the markets seem to have low activity?  ozymandius   Aug-16-04 02:14 PM   #54 
  - I was going to ask the same thing when I posted the 2:20 numbers...  KoKo01   Aug-16-04 02:21 PM   #56 
  - How many plan to pull a bit of money off the tables before closing? Not  54anickel   Aug-16-04 02:29 PM   #58 
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  - Should You Be Selling Your Vacation Home Right Now?  54anickel   Aug-16-04 02:41 PM   #60 
  - Global: Twin Deficits at the Flashpoint?  54anickel   Aug-16-04 02:44 PM   #61 
  - Closing numbers...and confirmation of "light volume."  KoKo01   Aug-16-04 03:45 PM   #62 
  - Who would have guessed capitalists loved Chavez so much?  daleo   Aug-16-04 03:47 PM   #63 
  - CYBER FEARS ON FED'S WEB PLAN (Oh great!!!)  54anickel   Aug-16-04 04:47 PM   #65 
     - not to knock the marketing people, but...  UpInArms   Aug-16-04 06:17 PM   #66 

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