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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 was established in 1970 by combining five independent wholesale grocery companies. Sysco went public in 1970 with $115 million in annual sales and shares were traded on the NYSE. Continental Coffee Company established in 1915 by the Cohn family (CFS Continental) went public in 1970.
The International Foodservice Distributors Association estimates that food service distributors in the U.S., as a daily average, deliver approximately 27 million cases of food and other products. [2] Food service distribution companies can range in size from a one-truck operation to larger corporations.
Doing an analysis of the food-distribution industry will paint a pretty grim picture. Suppliers, the big branded-food manufacturers, have strong bargaining power, as they are large and ...
Sysco's earnings per share decreased 4.1% and revenue rose 4.1% year-over-year, as the restaurant industry's difficulties continued. Gross profit rose 0.7% to $1.97 billion, despite Sysco's gross ...
Sysco paid 8.8 times enterprise value to EBITDA for US Foods. This is a fairly conservative valuation considering how some other food companies trade. Bottom line: The US Foods acquisition makes sense
Associated Wholesale Grocers, Inc. (AWG) is a retailer-owned wholesale grocery cooperative that supplies independently owned supermarkets and grocery stores. [1] It serves more than 4,000 locations in 36 states in the Midwest , the Southeast , and the Southwest , and from 8 full-line wholesale divisions.
Sysco Corporation has advanced quite nicely since the beginning of October this year; it's up from $31.70 per share to $36.20 per share. The optimism surrounding Sysco has been bolstered by its ...