Exhibit 99.1

SYSCO REPORTS SECOND QUARTER NET EARNINGS OF $258 MILLION,
AND DILUTED EPS OF $0.44

HOUSTON, February 7, 2011 — Sysco Corporation (NYSE: SYY) today announced financial results for its 13-week second quarter ended January 1, 2011.

Second Quarter Fiscal 2011 Highlights

	•		Sales were $9.4 billion, an increase of 5.8% from $8.9 billion in the second quarter of fiscal 2010.
	•		Operating income was $437 million, a decrease of 5.5% compared to $462 million in last year’s second quarter.
	•		Diluted earnings per share (EPS) were $0.44, including a $0.02 benefit from Corporate Owned Life Insurance (COLI). This result was 2.2% lower than last year’s second quarter EPS of $0.45, which included a $0.01 benefit from Corporate Owned Life Insurance (COLI).

First Half Fiscal 2011 Highlights

	•		Sales were $19.1 billion, an increase of 6.6% from $17.9 billion in the first half of fiscal 2010.
	•		Operating income was $943 million, a decrease of 1.7% compared to $960 million in last year’s first half.
	•		Diluted EPS was $0.95, including a $0.04 benefit from COLI. This result was 5.0% lower than last year’s first half EPS of $1.00, which included a $0.05 tax benefit related to the company’s IRS settlement, and a $0.04 benefit from Corporate Owned Life Insurance (COLI).

“Our financial results for the second quarter reflect the unfavorable impact of certain market conditions and operational challenges that we were unable to fully overcome in the near term. Specifically, accelerating and significant food cost inflation negatively impacted our customers’ purchasing budgets, contributed to increased gross margin pressure and meaningfully increased our selling expense. In addition, higher year over year pension and fuel costs also adversely impacted our ability to grow operating earnings over the prior year,” said Bill DeLaney, Sysco’s president and chief executive officer. “Looking forward, we are highly focused on improving the execution of our business plan in the second half of our fiscal year and effectively implementing our strategic priorities over the long term.”

Second Quarter Fiscal 2011 Summary

Sales for the second quarter were $9.4 billion, an increase of $516 million, or 5.8% compared to the same period last year due primarily to the impact of food cost inflation. Food cost inflation, as measured by the estimated change in Sysco’s product costs, was 4.5%, driven by continued double-digit levels of inflation in the meat, dairy and seafood categories. This compares to deflation of 3.5% in the prior year period. In addition, sales from acquisitions (within the last 12 months) increased sales by 0.6%, and the impact of changes in foreign exchange rates for the second quarter increased sales by 0.4%.

Operating income decreased $25 million, or 5.5%, to $437 million during the second quarter. Operating expense increased $72 million, or 5.9%, for the second quarter while gross margin increased only $47 million, or 2.8%.

Gross margin as a percentage of sales declined 55 basis points year over year to 18.6%. Pressure from high inflation, strategic pricing initiatives and changes in segment mix continued to be the main factors impacting gross margin performance.

Operating expense increased 5.9%, or $72 million, for the second quarter mainly from (1) a $15 million increase in pension costs; (2) a $13 million increase in salaries and related expense due to increases in sales compensation and other payroll costs; and (3) a $10 million increase in fuel costs.

Net earnings for the second quarter were $258 million, a decrease of $10 million, or 3.8%. Diluted EPS was $0.44, including a $0.02 positive impact from COLI. Diluted EPS in the prior year period was $0.45, which included a $0.01 positive impact from COLI.

First Half Fiscal 2011 Summary

Sales for the first half of fiscal 2011 were $19.1 billion, an increase of 6.6% compared to the same period last year. Food cost inflation, as measured by the estimated change in Sysco’s cost of goods, was 3.9% for the first half of the year. Sales from acquisitions (within the last 12 months) increased sales by 0.6%. The impact of changes in foreign exchange rates for the first half of the year increased sales by 0.5%.

Operating income decreased $16 million, or 1.7%, to $943 million during the first half of fiscal 2011. Operating expense increased $148 million, or 5.9%, for the first half of the fiscal year, while gross margin increased $131 million, or 3.8%.

Gross margin as a percentage of sales declined 50 basis points year over year to 18.7%. Pressure from high inflation, strategic pricing initiatives and changes in segment mix were the main factors impacting gross margin performance.

Operating expense increased 5.9%, or $148 million, for the first half mainly from (1) a $59 million increase in salaries and related expense due to increases in sales

compensation and other payroll costs; and (2) a $30 million increase in pension expense.

Net earnings for the first half of fiscal 2011 were $557 million, a decrease of $37 million, or 6.3%. Diluted EPS was $0.95, aided by a $0.04 favorable impact from COLI. Diluted EPS in the prior year period was $1.00, aided by a $0.05 tax benefit related to the company’s IRS settlement and a $0.04 favorable impact from COLI.

Cash Flow and Capital Spending

Cash flow from operations was $283 million for the first half of fiscal 2011. Capital expenditures totaled $174 million for the second quarter, and $317 million in the first half of the fiscal year. The primary areas for investment included facility replacements and expansions, replacements to Sysco’s fleet, and technology.

Conference Call & Webcast

Sysco’s second quarter 2011 earnings conference call will be held on Monday, February 7, 2011 at 10:00 a.m. Eastern. A live webcast of the call, as well as a copy of this press release, will be available online at www.sysco.com in the Investor Relations section.

About Sysco

Sysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Its family of products also includes equipment and supplies for the foodservice and hospitality industries. The company operates 180 distribution facilities serving approximately 400,000 customers. For the fiscal year 2010 that ended July 3, 2010 the company generated more than $37 billion in sales. For more information about Sysco visit the company’s Internet home page at www.sysco.com.

Forward-Looking Statements

Certain statements made herein are forward-looking statements under the Private Securities Litigation Reform Act of 1995. They include statements regarding our focus on the execution of our business plan in the second half of our fiscal year and on effectively implementing our strategic priorities over the long term. These statements involve risks and uncertainties and are based on management’s current expectations and estimates; actual results may differ materially. Factors impacting these forward-looking statements include the general risks associated with our business, including the risk of interruption of supplies due to lack of long-term contracts, severe weather, work stoppages or otherwise, inflation risks, and labor issues. Risks and uncertainties also include risks impacting the economy generally, including the risk that the current economic downturn will continue, that initial signs of economic recovery may not prove long lasting, or that consumer confidence in the economy may not increase and decreases in consumer spending, particularly on food prepared outside the home, may not reverse. Also, there are risks related to our Business Transformation Project, including that the expected costs of our Business Transformation Project in fiscal 2011 may be greater or less than currently expected because we may encounter the need for changes in design or revisions of the project calendar and budget, including the incurrence of expenses at an earlier or later time than currently anticipated; the risk that our business and results of operations may be adversely affected if we experience operating problems, scheduling delays, cost overages or limitations on the extent of the business transformation during the ERP implementation process; and the risk of adverse effects if the ERP system, and the associated process changes, do not prove to be cost effective or result in the cost savings and other benefits that we anticipate. For a discussion of additional factors impacting Sysco’s business, see the Company’s Annual Report on Form 10-K for the year ended July 3, 2010, as filed with the Securities and Exchange Commission.

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Sysco Corporation and its Consolidated Subsidiaries
CONSOLIDATED RESULTS OF OPERATIONS (Unaudited)
(In Thousands, Except for Share and Per Share Data)

		26-Week Period Ended								13-Week Period Ended
		Jan. 1, 2011				Dec. 26, 2009				Jan. 1, 2011				Dec. 26, 2009
Sales		$	19,136,126			$	17,949,925			$	9,384,852			$	8,868,499
Cost of sales			15,562,765				14,507,679				7,642,908				7,173,612
Gross margin			3,573,361				3,442,246				1,741,944				1,694,887
Operating expenses			2,630,096				2,482,567				1,304,919				1,232,536
Operating income			943,265				959,679				437,025				462,351
Interest expense			59,161				65,322				28,060				31,522
Other expense (income), net			(2,984	)			(3,150	)			(1,300	)			(1,138	)
Earnings before income taxes			887,088				897,507				410,265				431,967
Income taxes			329,846				302,953				152,092				163,618
Net earnings		$	557,242			$	594,554			$	258,173			$	268,349
Net earnings:
Basic earnings per share		$	0.95			$	1.00			$	0.44			$	0.45
Diluted earnings per share			0.95				1.00				0.44				0.45
Average shares outstanding			586,827,575				592,110,975				584,943,749				592,651,712
Diluted shares outstanding			589,106,837				592,678,989				587,110,338				593,372,477
Dividends declared per common share		$	0.51			$	0.49			$	0.26			$	0.25

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Sysco Corporation and its Consolidated Subsidiaries
CONSOLIDATED BALANCE SHEETS (Unaudited)
(In Thousands, Except for Share Data)

		Jan. 1, 2011				July 3, 2010				Dec. 26, 2009
ASSETS
Current assets
Cash and cash equivalents		$	209,755			$	585,443			$	574,885
Short-term investments			—				23,511				61,860
Accounts and notes receivable, less allowances of $67,237, $36,573 and $67,035			2,623,300				2,617,352				2,526,044
Inventories			1,963,397				1,771,539				1,790,327
Prepaid expenses and other current assets			70,430				70,992				63,674
Prepaid income taxes			—				7,421				—
Total current assets			4,866,882				5,076,258				5,016,790
Plant and equipment at cost, less depreciation			3,370,553				3,203,823				3,072,721
Other assets
Goodwill			1,577,108				1,549,815				1,551,550
Intangibles, less amortization			104,511				106,398				118,032
Restricted cash			134,579				124,488				128,683
Prepaid pension cost			—				—				70,753
Other assets			274,650				252,919				245,716
Total other assets			2,090,848				2,033,620				2,114,734
Total assets		$	10,328,283			$	10,313,701			$	10,204,245
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Accounts payable		$	1,804,690			$	1,953,092			$	1,834,024
Accrued expenses			761,954				870,114				793,303
Accrued income taxes			47,738				—				56,775
Deferred income taxes			99,285				178,022				18,482
Current maturities of long-term debt			7,867				7,970				8,438
Total current liabilities			2,721,534				3,009,198				2,711,022
Other liabilities
Long-term debt			2,653,529				2,472,662				2,468,690
Deferred income taxes			185,239				271,512				545,863
Other long-term liabilities			773,490				732,803				548,383
Total other liabilities			3,612,258				3,476,977				3,562,936
Commitments and contingencies
Shareholders’ equity
Preferred stock, par value $1 per share, Authorized 1,500,000 shares, issued none			—				—				—
Common stock, par value $1 per share, Authorized 2,000,000,000 shares, issued 765,174,900 shares			765,175				765,175				765,175
Paid-in capital			848,612				816,833				788,138
Retained earnings			7,392,996				7,134,139				6,844,095
Accumulated other comprehensive loss			(387,421	)			(480,251	)			(180,095	)
Treasury stock at cost, 183,761,810, 176,768,795 and 173,100,605 shares			(4,624,871	)			(4,408,370	)			(4,287,026	)
Total shareholders’ equity			3,994,491				3,827,526				3,930,287
Total liabilities and shareholders’ equity		$	10,328,283			$	10,313,701			$	10,204,245

Sysco Corporation and its Consolidated Subsidiaries
CONSOLIDATED CASH FLOWS (Unaudited)
(In Thousands)

		26-Week Period Ended
		Jan. 1, 2011				Dec. 26, 2009
Cash flows from operating activities:
Net earnings		$	557,242			$	594,554
Adjustments to reconcile net earnings to cash provided by operating activities:
Share-based compensation expense			37,679				39,913
Depreciation and amortization			198,230				189,428
Deferred income taxes			(181,295	)			(172,756	)
Provision for losses on receivables			19,522				19,815
Other non-cash items			(1,550	)			536
Additional investment in certain assets and liabilities, net of effect of businesses acquired:
Decrease (increase) in receivables			4,887				(53,597	)
(Increase) in inventories			(167,912	)			(121,626	)
Decrease in prepaid expenses and other current assets			1,183				1,307
(Decrease) increase in accounts payable			(172,217	)			30,110
(Decrease) in accrued expenses			(125,849	)			(16,974	)
Increase (decrease) in accrued income taxes			50,130				(236,099	)
(Increase) in other assets			(19,556	)			(30,372	)
Increase (decrease) in other long-term liabilities and prepaid pension cost, net			82,430				(97,343	)
Excess tax benefits from share-based compensation arrangements			(277	)			(475	)
Net cash provided by operating activities			282,647				146,421
Cash flows from investing activities:
Additions to plant and equipment			(317,421	)			(247,575	)
Proceeds from sales of plant and equipment			2,916				2,422
Acquisition of businesses, net of cash acquired			(26,546	)			(9,161	)
Purchases of short-term investments			—				(60,162	)
Maturities of short-term investments			24,383				—
(Increase) in restricted cash			(10,091	)			(34,825	)
Net cash used for investing activities			(326,759	)			(349,301	)
Cash flows from financing activities:
Bank and commercial paper borrowings (repayments) net			173,199				—
Other debt borrowings			2,441				4,580
Other debt repayments			(4,521	)			(5,601	)
Common stock reissued from treasury for share-based compensation awards			65,555				36,914
Treasury stock purchases			(285,442	)			—
Dividends paid			(294,089	)			(283,766	)
Excess tax benefits from share-based compensation arrangements			277				475
Net cash used for financing activities			(342,580	)			(247,398	)
Effect of exchange rates on cash			11,004				6,512
Net (decrease) in cash and cash equivalents			(375,688	)			(443,766	)
Cash and cash equivalents at beginning of period			585,443				1,018,651
Cash and cash equivalents at end of period		$	209,755			$	574,885
Supplemental disclosures of cash flow information:
Cash paid during the period for:
Interest		$	59,140			$	67,670
Income taxes			467,788				759,704

Sysco Corporation and its Consolidated Subsidiaries
COMPARATIVE SEGMENT DATA (Unaudited)
(In Thousands)

		26-Week Period Ended								13-Week Period Ended
		Jan. 1, 2011				Dec. 26, 2009				Jan. 1, 2011				Dec. 26, 2009
Sales:
Broadline		$	15,207,567			$	14,393,429			$	7,416,293			$	7,084,723
SYGMA			2,632,266				2,308,174				1,312,770				1,157,313
Other			1,595,074				1,495,543				808,149				752,666
Intersegment			(298,781	)			(247,221	)			(152,360	)			(126,203	)
Total		$	19,136,126			$	17,949,925			$	9,384,852			$	8,868,499

Comparative Supplemental Statistical Information Related to Sales (Unaudited)
Comparative Sysco Brand Sales and Marketing Associate-Served Sales data are summarized below.

		26-Week Period Ended								13-Week Period Ended
		Jan. 1, 2011				Dec. 26, 2009				Jan. 1, 2011				Dec. 26, 2009
Sysco Brand Sales as a % of MA-Served Sales			45.36	%			47.02	%			45.38	%			47.01	%
Sysco Brand Sales as a % of Total Broadline Sales			36.31	%			38.10	%			36.09	%			37.80	%
MA-Served Sales as a % of Total Broadline Sales			45.46	%			45.45	%			44.00	%			43.68	%