
Sysco Corporation (NYSE:SYY) shares are trading lower on Tuesday after the company reported first-quarter adjusted earnings per share of $1.15 (+5.5% year over year), beating the analyst consensus estimate of $1.12. Quarterly sales of $21.148 billion outpaced the Street view of $21.080 billion.
Sales increased 3.2% year over year, while U.S. Foodservice volume increased 0.1%.