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Sysco beats FQ2 earnings estimates, boosts buyback firepower (SYY:NYSE)

Sysco Philadelphia facility in Philadelphia, PA, USA

JHVEPhoto/iStock Editorial via Getty Images

Sysco Corporation (NYSE:SYY) swung lower in early trading on Tuesday after the Houston-based company reported FQ2 earnings.

The food supplier reported sales increased 4.5% to $20.5 billion for the quarter that ended on December 28. Gross profit increased 3.9% to $3.7 billion, and gross margin decreased

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