NEW YORK – Sysco Corp. on Monday reported fiscal second-quarter net earnings of $210.8 million, or 36 cents a share, versus $221.4 million, or 38 cents, in the same period a year earlier. Adjusted earnings were 40 cents, the Houston-based food seller and distributor said. Sales totaled $11.2 billion, up from $10.8 billion a year earlier. Analysts were expecting earnings of 40 cents a share on revenue of $11.35 billion, according to a Factset Survey. Sysco shares fell 2.2% in premarket action. "Our second quarter results were achieved in a market environment that, once again, was quite challenging for many of our customers, especially those who operate in the casual dining restaurant segment. Sales growth during the quarter was modest, and slowed somewhat as the quarter progressed, and gross margin continued to be pressured," said Chief Executive Bill DeLaney, in a news release.
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