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Sysco Corporation (short for Systems and Services Company) is an American multinational corporation involved in marketing and distributing food products, smallwares, kitchen equipment and tabletop items to restaurants, healthcare and educational facilities, hospitality businesses like hotels and inns, and wholesale to other companies that provide foodservice (like Aramark and Sodexo).
Sysco (NYS: SYY) , not to be confused with the networking company Cisco Systems, is the nation's largest food distributor. Its vast food transportation network is responsible for deliveries to ...
It goes without saying that food is big business. In fact, it's a $235 billion industry, and distributor Sysco is a major player. It serves about 18% of the market, but at the same time, Sysco's ...
On December 9, 2013, Sysco Corp announced it would acquire US Foods for $8.2 billion ($3.5 billion plus $4.7 billion of debt), [17] but on June 24, 2015, U.S. federal judge Amit Mehta ruled that the combined Sysco-US Foods would control 75% of the U.S. foodservice industry and that would stifle competition. On June 29, 2015, Sysco terminated ...
Sysco reiterated its full-year forecasts for the second time; it expects net sales to grow between 4% and 5% and adjusted earnings per share to grow between 6% and 7%.
Often a food manufacturer may hire a food brokerage company to represent the manufacturer in a local market. The broker helps the food manufacturer market its products through the food service distribution system, which ranges from getting items stocked at the distributor to working with operators to purchase items from the distributor.
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Consumers can (individual or in group) buy large quantities directly from the factory. For example, large private constructions or events. See also