Shares of Sysco Corp. SYY, +7.40% hiked up 5.1% in premarket trade Monday, after the food distribution giant reported a fiscal fourth-quarter profit and revenue that topped expectations. The shares were on track to open above the July 26 record closing price of $71.74. Net income for the quarter to June 30 rose to $448.9 million, or 85 cents a share, from $305.2 million, or 57 cents a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share came to 94 cents, above the FactSet consensus of 93 cents. Revenue rose 6.2% to $15.32 billion, just above the FactSet consensus of $15.30 billion, as U.S. foodservice revenue grew 6.1% to $10.4 billion and international foodservice revenue increased 7.9% to $2.9 billion. The stock has rallied 33% over the past 12 months, while the S&P 500 SPX, +0.28% has gained 16%.
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