Sysco Corp (NYSE:SYY) reported fourth-quarter FY24 sales growth of 4.2% to $20.556 billion, missing the analyst consensus estimate of $20.573 billion.
U.S. Foodservice operations sales rose 4.9% Y/Y, and International Foodservice sales grew 3.8%.
Gross profit increased 4.2% Y/Y to $3.8 billion, and the gross margin compressed 1 basis point to 18.7%.
The operating margin contracted 14 basis points to 4.8%, and operating income for the quarter rose 1.2% to …