Sysco's sales were lower than expected last quarter, but its profit outlook for the year stays the same.

SYY · Sysco Corp.

The AI's read

Lower food inflation helps explain the weaker sales outlook, and Sysco also cited soft restaurant visits and higher fuel costs. U.S. case volume and gross profit rose, and its full-year profit forecast stayed unchanged. Free cash flow rose too, though the quarter included a $234 million gain tied to Jetro financing.