Sysco profits soar as it tackles inflation, supply chain issues

  • 📰 HoustonChron
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Business Business Headlines News

Sysco, based in Houston, saw a boost in earnings this quarter compared to this time last...

, credited the growth to increased efficiency, improved its digital ordering platform for customers and investing in its supply chain.On a call with investors, executives described inflation as a challenge to navigate, noting that inflation cooled at a faster rate than expected, though lower prices in the long term were good for the industry.

"At Sysco, we serve restaurants up and down the price point spectrum and also have a large non-restaurant customer base," Hourican said"Many of our sectors are recession proof. For instance, education and health care. Other segments are still in recovery: travel/hospitality, and business and industry."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 609. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines