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Sysco Corporation

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Estimates have been stable lately ahead of Sysco’s fourth quarter earnings release. Sysco has been consistently showing improvement in sales driven by acquisitions and volume growth. Though the termination of the long-awaited merger agreement with US Foods in June was disappointing, the company still remains positive on the acquisition front as evident with the recently acquired Brakes Group and Supplies on the Fly e-commerce platform. Further, it seems that the company’s growth strategy is paying off and its efforts to boost sales and margins are bearing fruits. Sysco has delivered higher gross margins in the past one year, after witnessing declining gross margins since the last two fiscal years. However, currency headwinds and food cost deflation continues to remain a concern.


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