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Sysco Delivers Strong Third Quarter Earnings

Sales for the third quarter were $12.0 billion, an increase of 2.2% compared to the same period last year. Overall food cost deflation was 0.4% (0.8% in U.S. broadline), as measured by the estimated change in Sysco’s product costs, with deflation in the meat, seafood and poultry categories partially offset by modest inflation in other categories. In addition, sales from acquisitions completed within the last 12 months increased sales by 0.9%, and the impact of changes in foreign exchange rates decreased sales by 1.0%.

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