August 1, 2023

Food distributor Sysco misses revenue estimates on inflation-induced demand slowdown

BY Reuters • August 1, 2023August 1, 2023

(Reuters) – Food distributor Sysco Corp missed Wall Street expectations for quarterly sales on Tuesday, as inflation-hit consumers restrict discretionary spending on products such as custom cuts[...]

Companies double down on AI in June-quarter analyst calls

BY Reuters • August 1, 2023August 1, 2023

By Noel Randewich (Reuters) – It’s a high bar, but companies reporting second-quarter earnings in recent weeks have talked up artificial intelligence even more than in the previous quarter[...]

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