Rykoff-Sexton Inc.: Third-quarter profit fell to $610,000...
- Share via
Rykoff-Sexton Inc.: Third-quarter profit fell to $610,000 from $4.5 million a year ago. Sales increased 8% to $343.4 million. The Los Angeles company said the results reflected lower-than-anticipated sales increases, along with delays in cost containment measures. Higher labor, rental, insurance and interest expenses also contributed, as well as a non-recurring $2-million pretax charge related to bad debt provisions and employee health-care benefits. Rykoff-Sexton Inc. manufactures and distributes products to the food service industry.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
