Sysco (NYSE:SYY)’s shares contributed to fourth-quarter results as the company delivered solid earnings results, benefitting from improved case volume growth and strong cost-cutting. In 2016, Sysco expanded overseas, completing the acquisition of Brakes Group, a leading European foodservice provider. We think this will help provide the company with significant opportunities for growth for many years to come.
From Yacktman Focused Fund (Trades, Portfolio) fourth quarter 2016 commentary.
