Three of America’s largest foodservice distributors reported higher earnings in most recently quarterly financial results, but expressed concern about major headwinds facing the industry.
They said the COVID-19 omicron variant, inflation, and continued labor and supply chain issues lead the list of challenges in 2022.
Sysco’s U.S. broadline volume increased 22.5 percent in the quarter ending 1 January, 2022, versus the same period in fiscal year 2021, and decreased 4.9 percent versus the same period in fiscal year 2019. While Sysco’s gross profit jumped 37.8 percent to USD 2.9 billion (EUR 2.5 billion) in its second fiscal quarter, its profit was less than expected due to impacts of the COVID-19 omicron variant, Sysco President and CEO Kevin Hourican said on an investor earnings call…