Sysco Corp. SYY markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry. Sysco’s growth strategy remains strong and its efforts to accelerate sales, reduce costs and mitigate the ongoing gross margin pressure are encouraging. The company also remains positive on the acquisition front and improving gross margins, despite deflationary pressure. However, Sysco is witnessing soft sales growth due to the unfavorable impact of food cost deflation. Currency headwinds also remain a concern for Sysco. Investors should also note the recent earnings estimate revisions for SYY, as the consensus estimate has been slightly increasing since the last 60 day period. However, the earnings surprise history was a mixed one. SYY has delivered in-line earnings in two of the last four quarters, with positive surprise in one and negative surprise in the remaining one; thus delivering an average positive surprise of 3.66%. Currently, SYY has a Zacks Rank #2 (Buy), but that could definitely change following Sysco’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below: Earnings: SYY’s earnings of 46 cents beat our consensus estimate of 42 cents. Investors should note that these figures take out stock option expenses. Revenue: SYY’s revenues of $12.00 billion marginally beat the consensus estimate of $11.91 billion. Key Stats to Note: Sysco sales remained flat on a year-over-year basis. On an organic basis, it grew 2.7%. Gross margin performance continued to improve, despite a challenging deflationary environment. Stock Price: In-active in pre-market trading. Check back later for our full write up on this SYY earnings report later! Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SYSCO CORP (SYY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research