Sysco drives earnings with efficiency, innovation
Sysco Corp. has endeavored to fight rising costs by making its distribution system more efficient, putting more product on trucks, improving routes and purchasing more centrally. Despite a downturn in the restaurant industry amid U.S. economic woes, the Houston-based company bested the average earnings estimate for its fiscal third quarter, which in turn sparked an 8.5% jump in its shares on April 28, the largest rise the company had seen in nearly seven years. Chicago Tribune/Dow Jones Newswires (05/25)