Sysco Corp

SYY: XNYS (USA)
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Sysco Earnings: Weakening Consumer Confidence Threatens Near Term, but Shares Look Undervalued

Sysco reported fiscal third-quarter results that reflected a marked deterioration in out-of-home dining demand. Sales were up 1% over the prior year, a deceleration from the second quarter's 4.4% rise. Much of the weakness came in US food service, which saw volume fall 2%.

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