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Sysco Corp (NYSE: SYY) reported first-quarter FY23 sales growth of 16.2% year-on-year to $19.13 billion, beating the consensus of $18.65 billion. U.S. Foodservice operations sales rose 17.2% Y/Y ...
Seven months ago, Sysco (NYSE:SYY) was a solid investment. SYY stock had posted a decade of sustained growth, and last December closed at $85.80, an all-time record high. The company was also a ...
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 ...
Sysco Corporation's (SYY) third-quarter results are likely to reflect gains from the Recipe for Growth program and acquisitions, while high labor costs are concerning. Factors to Note as Sysco ...
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An economic calendar not only lists daily events, but the volatility levels attached to them. A volatility level refers to the likelihood that a specific event will impact the markets. Economic calendars usually have a three-scale volatility gauge. If an event has a level one volatility, it is not expected to significantly affect the markets.
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 ...