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Sysco earnings struggle after failed US Foods deal

Sysco Corp., in the wake of its abandoned merger with rival US Foods Inc., reported its profit tumbled 12% in the latest quarter as revenue edged higher but just missed analysts' expectations.

Sysco, which delivers food and supplies to restaurants, has lately faced rising competition from smaller, specialty distributors and wholesale stores, such as Restaurant Depot. The Houston company's $3.5 billion deal to buy US Foods was designed to restore Sysco's diminishing margins by creating $600 million in annual savings efficiencies.

Following the collapsed merger, from which Sysco...


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