Sysco reports first-quarter net sales of €18.23

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Sysco has reported first-quarter net sales of €18.23m exceeding estimates of €18.17m.

Adjusted profit reached $1.15 per share against estimates of $1.12. Gross margin expanded 13 basis points to 18.5pc.

US foodservice segment sales rose 2.9pc. Annual sales growth forecast remains 3 to 5pc with adjusted profit growth of 1 to 3pc.

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