Sysco continues to look at transactions Says "fairly occupied" right now planning for U.S. Foods integration. Says will be "a little difficult" to do deals in the U.S. while it works to get U.S. Foods deal approved.
Sysco says long-term sales growth guidance "reasonable" Says guidance includes inflation, excludes U.S. Foods deal. Sees inflation returning to more modest historic levels. Comments made on the Q4 earnings conference call.
Sysco sees U.S. Food merger closing in late Q3 or in Q4 Sysco said in slides that will be presented on its Q4 earnings conference call that FTC discussions continue to be productive. Remains on track to achieve Business Transformation financial target for FY15.
Sysco now sees US Foods merger closing late Q3 or during Q4 Sysco said earlier today that the FTC's review of the Sysco-US Foods proposed merger continues to proceed as expected. It is anticipated that the transaction will close either late in Q3 or during Q4 of this calendar year.