Sysco Corporation, through its subsidiaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through three segments: U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other. The company distributes frozen foods, such as meats, seafood, fully prepared entrees, fruits, vegetables, and desserts; canned and dry foods; fresh meats and seafood; dairy products; beverage products; imported specialties; and fresh produce. It also supplies various non-food items, including paper products comprising disposable napkins, plates, and cups; tableware consisting of China and silverware; cookware, which include pots, pans, and utensils; restaurant and kitchen equipment and supplies; and cleaning supplies. The company serves restaurants, hospitals and nursing homes, schools and colleges, hotels and motels, industrial caterers, and other foodservice venues. As of June 27, 2020, it operated 326 distribution facilities. Sysco Corporation was founded in 1969 and is headquartered in Houston, Texas.
IPO Year:
Exchange: NYSE
Website: sysco.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/18/2024 | $85.00 | Hold | Melius |
| 5/28/2024 | $85.00 | Neutral → Buy | Guggenheim |
| 11/21/2023 | $73.00 | Neutral | Piper Sandler |
| 10/19/2023 | $75.00 | Buy | Deutsche Bank |
| 3/9/2023 | $90.00 | Buy | BofA Securities |
| 2/2/2023 | Buy → Hold | Argus | |
| 9/23/2022 | $90.00 | Overweight | Stephens |
| 5/26/2022 | $98.00 | Neutral → Overweight | JP Morgan |
| 3/11/2022 | Neutral | CL King | |
| 2/22/2022 | $95.00 | Hold → Buy | Argus Research |
HOUSTON, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Today, Sysco Corporation (NYSE:SYY), the leading global foodservice distribution company, called on the International Brotherhood of Teamsters (IBT) to stop threatening strikes at its companies in multiple states and to start serious negotiations so Houston colleagues can enjoy the unprecedented wage increases we have offered. Sysco has been negotiating in good faith for several months with the goal of reaching an agreement by contract expiration on January 17. Sysco is committed to reaching an agreement that rewards our Houston colleagues with generous wage increases and improved benefits while balancing the company's business needs. The Teamste
HOUSTON, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) will host a conference call and webcast to discuss its second quarter fiscal year 2025 financial results at 10 a.m. EDT on Tuesday, Jan. 28, 2025. All interested parties are invited to listen online at investors.sysco.com. Prior to the conference call and webcast, the company will also issue a news release and post a slide presentation in the investor relations section of its website. A replay of the webcast will be available online shortly after the live webcast is completed. For purposes of public disclosure, including this and future similar events, Sysco uses the investor relations section of its website, fou
HOUSTON, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Today, Sysco Corporation (NYSE:SYY), the world's largest food distributor, announced a new partnership with Square to help restaurants of all sizes succeed and work smarter through powerful technology. Sysco supports its restaurant customers with a variety of services and offerings through its Sysco Restaurant Solutions program. The program features best-in-class solutions partners, helping to connect restaurant customers with a variety of tools to help optimize business performance and increase profitability, in categories such as online ordering, website design, and digital marketing and loyalty. "Sysco is committed to helping our customers gr
HOUSTON, Nov. 15, 2024 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.51 per share, payable on Jan. 24, 2025, to common stockholders of record at the close of business on Jan. 3, 2025. About Sysco Sysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Its family of products also includes equipment and supplies for the foodservice and hospitality industries. With more than 76,000 colleagues, the company operates 340 distribution facilities w
HOUSTON, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Today, Sysco Corporation (NYSE:SYY), the world's largest food distributor, presented a check for $10,000 to the Houston Food Bank to support the local community where Sysco operates and is headquartered. This is an important time of year for food banks and pantries as they gear up to feed those in need this holiday season. Sysco Houston also donated 2,500 turkeys to the Houston Food Bank which will be distributed to its partner networks across the city. As part of Sysco's annual Purpose Month, a month dedicated to volunteerism, Sysco colleagues will be volunteering with one of the Houston Food Bank partners to distribute the turkeys to the comm
TROY, Mich., Nov. 13, 2024 /PRNewswire/ -- NICE's recent report has investors wondering if the company's stock is overvalued. Or is it in the buy range? As such, the Editorial Advisory and Securities Review Committee of BetterInvesting Magazine considers NICE (NICE:Nasdaq) as worthy of further study and has named NICE its "Stock to Study" for the January/February 2025 double issue for investors' informational and educational use. The fundamental data is eye-opening; investors can view NICE's sales, earnings, pre-tax profit, return on equity, and more all on one page, courtesy of the National Association of Investors, at: https://ssg.betterinvesting.org/trial/ssgplus/?studyid. A full report
HOUSTON, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) today announced that the Company will webcast its presentation at the 2024 Morgan Stanley Global Consumer & Retail Conference on Tuesday, December 3, at 8:00 a.m. ET. The live webcast for the event can be accessed at investors.sysco.com. An archived replay of the webcast will be available shortly after the live event is completed. For purposes of public disclosure, including this and future similar events, Sysco uses the investor relations portion of its website as the primary channel for publishing key information to its investors, some of which may contain material and previously non-public information. About Sysc
HOUSTON, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY), the world's largest food distributor, announced today its new partnership with the MICHELIN Guide, becoming the official wholesale food distribution partner for the MICHELIN Guide Texas ceremony. This collaboration will bring Sysco's high-quality, premium products and culinary expertise to the most celebrated culinary event. The MICHELIN Guide is renowned for its prestigious ratings and in-depth reviews of restaurants worldwide, representing the pinnacle of gastronomic achievement. "We are proud to partner with the MICHELIN Guide to celebrate chefs dedicated to creating outstanding dining experiences. We have a vibr
HOUSTON, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) ("Sysco" or the "company") today announced financial results for its 13-week first fiscal quarter ended September 28, 2024. Key financial results for the first quarter of fiscal year 2025 include the following (comparisons are to the same period in fiscal year 2024): Sales increased 4.4%; U.S. Foodservice volume increased 2.7%;Gross profit increased 2.9% to $3.8 billion;Operating income increased 0.5% to $808 million, and adjusted operating income increased 2.2% to $873 million1;EBITDA increased 3.4% to $1.0 billion, and adjusted EBITDA increased 4.4% to $1.1 billion1,2; andEPS3 remained flat at $0.99, compared t
KANSAS CITY, Mo., Oct. 15, 2024 (GLOBE NEWSWIRE) -- SYGMA Kansas City is pleased that our warehouse colleagues—represented by the International Brotherhood of Teamsters Local 955—have ratified a new collective bargaining agreement, ending the strike that began just 24 hours ago. We urge the Teamsters to always resolve issues at the negotiating table so we can avoid situations like this which are disruptive to our colleagues, their families, our communities, and our customers. "From the beginning, we had offered substantial and generous wage increases, including additional benefits our colleagues had requested," said Jon Ratnasamy, president of SYGMA. "Our commitment to good-faith neg
Tapestry, Inc. (NYSE:TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, today announced that Kevin Hourican, President and Chief Executive Officer of Sysco Corporation (NYSE:SYY), and David Elkins, Executive Vice President and Chief Financial Officer of Bristol Myers Squibb (NYSE:BMY), have been appointed to the Company's Board of Directors. The appointments of Mr. Hourican and Mr. Elkins to the Board bring the membership to eleven, including ten independent directors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240229220934/en/Kevin Hourican (Photo: Business Wire) J
NEW YORK and PALM BEACH, Fla., Dec. 14, 2023 (GLOBE NEWSWIRE) -- Trian Fund Management, L.P. (together with its affiliates, "Trian", "our" or "we"), which beneficially owns $3 billion of common stock in The Walt Disney Company (NYSE:DIS) ("Disney" or the "Company"), today submitted a notice of its intention to nominate two independent director candidates for election to the Disney Board of Directors (the "Board") at the Company's 2024 Annual Meeting of Shareholders (the "2024 Annual Meeting"). Disney is one of the most iconic companies in the world with unrivaled scale, unparalleled customer loyalty, irreplaceable intellectual property ("IP"), and an enviable commercial flywheel. However,
HOUSTON, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY), the leading global foodservice distribution company, launched its One Planet. One Table. assortment, the foodservice industry's largest offering of certified and sustainably focused products. The Sysco One Planet. One Table. assortment includes over 3,000 items across 15 categories that are: Backed by one of 20+ leading sustainability certifications and standards, Included in Sysco's sustainability commitments for seafood or fresh produce, or Plant-based alternative proteins. "At Sysco, we're taking action to protect the health of our one and only planet. We have a growing market of customers looking for mo
DALLAS--(BUSINESS WIRE)--Suffolk, one of the most innovative and successful builders and real estate enterprises in the country, announced the hiring of John B. Hood as Vice President for Dallas. Mr. Hood will be responsible for developing and supporting strategies to expand Suffolk’s network, broaden its brand reach and presence, and build client relationships in the Dallas and North Texas regions. “We are thrilled to welcome John to our Suffolk team,” said Mark Penny, General Manager of Suffolk Dallas. “His diverse experience as an owner, designer and general contractor allows him to foster collaborative industry relationships and brings a unique perspective to our efforts and
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Melius initiated coverage of Sysco with a rating of Hold and set a new price target of $85.00
Guggenheim upgraded Sysco from Neutral to Buy and set a new price target of $85.00
Piper Sandler resumed coverage of Sysco with a rating of Neutral and set a new price target of $73.00
Deutsche Bank initiated coverage of Sysco with a rating of Buy and set a new price target of $75.00
BofA Securities resumed coverage of Sysco with a rating of Buy and set a new price target of $90.00
Argus downgraded Sysco from Buy to Hold
Stephens initiated coverage of Sysco with a rating of Overweight and set a new price target of $90.00
JP Morgan upgraded Sysco from Neutral to Overweight and set a new price target of $98.00
CL King initiated coverage of Sysco with a rating of Neutral
Argus Research upgraded Sysco from Hold to Buy and set a new price target of $95.00
HOUSTON, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) will host a conference call and webcast to discuss its second quarter fiscal year 2025 financial results at 10 a.m. EDT on Tuesday, Jan. 28, 2025. All interested parties are invited to listen online at investors.sysco.com. Prior to the conference call and webcast, the company will also issue a news release and post a slide presentation in the investor relations section of its website. A replay of the webcast will be available online shortly after the live webcast is completed. For purposes of public disclosure, including this and future similar events, Sysco uses the investor relations section of its website, fou
HOUSTON, Nov. 15, 2024 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.51 per share, payable on Jan. 24, 2025, to common stockholders of record at the close of business on Jan. 3, 2025. About Sysco Sysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Its family of products also includes equipment and supplies for the foodservice and hospitality industries. With more than 76,000 colleagues, the company operates 340 distribution facilities w
HOUSTON, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) ("Sysco" or the "company") today announced financial results for its 13-week first fiscal quarter ended September 28, 2024. Key financial results for the first quarter of fiscal year 2025 include the following (comparisons are to the same period in fiscal year 2024): Sales increased 4.4%; U.S. Foodservice volume increased 2.7%;Gross profit increased 2.9% to $3.8 billion;Operating income increased 0.5% to $808 million, and adjusted operating income increased 2.2% to $873 million1;EBITDA increased 3.4% to $1.0 billion, and adjusted EBITDA increased 4.4% to $1.1 billion1,2; andEPS3 remained flat at $0.99, compared t
HOUSTON, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) will host a conference call and webcast to discuss its first quarter fiscal year 2025 financial results at 10 a.m. EDT on Tuesday, Oct. 29, 2024. All interested parties are invited to listen online at investors.sysco.com. Prior to the conference call and webcast, the company will also issue a news release and post a slide presentation in the investor relations section of its website. A replay of the webcast will be available online shortly after the live webcast is completed. For purposes of public disclosure, including this and future similar events, Sysco uses the investor relations section of its website, found at
HOUSTON, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.51 per share, payable on October 25, 2024, to common stockholders of record at the close of business on October 4, 2024. About Sysco Sysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Its family of products also includes equipment and supplies for the foodservice and hospitality industries. With more than 76,000 colleagues, the company operates 340 distribution facili
HOUSTON, July 30, 2024 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) ("Sysco" or the "company") today announced financial results for its 13-week fourth fiscal quarter and its fiscal year ended June 29, 2024. Key financial results for the fourth quarter of fiscal year 2024 include the following (comparisons are to the same period in fiscal year 2023): Sales increased 4.2%; U.S. Foodservice volume increased 3.5%; U.S. local volumes grew 0.7%;Gross profit increased 4.2% to $3.8 billion;Operating income increased 1.2% to $977 million, and adjusted operating income increased 6.4% to $1.1 billion1;EBITDA decreased 7.7% to $1.2 billion, and adjusted EBITDA increased 5.4% to $1.3 billion1,2;
HOUSTON, July 09, 2024 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) will host a conference call and webcast to discuss its fourth quarter and fiscal year 2024 financial results at 10 a.m. EDT on Tuesday, July 30, 2024. All interested parties are invited to listen online at investors.sysco.com. Prior to the conference call and webcast, the company will also issue a news release and post a slide presentation in the investor relations section of its website. A replay of the webcast will be available online shortly after the live webcast is completed. For purposes of public disclosure, including this and future similar events, Sysco uses the investor relations section of its website, fou
HOUSTON, May 22, 2024 (GLOBE NEWSWIRE) -- Today, Sysco Corporation (NYSE:SYY), the world's largest foodservice distributor, hosted its 2024 Investor Day at the New York Stock Exchange (NYSE) to present an update on the company's growth strategy and highlight initiatives that improve how the company serves its customers while delivering consistent financial performance. Kevin Hourican, Sysco's Chair of the Board and CEO, and other senior executives discussed how the company is driving core business performance through local case growth, and leveraging the scale of its merchandising and supply chain capabilities. In addition, Sysco shared the evolution of the company's ‘Recipe for Growth' s
HOUSTON, April 30, 2024 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) ("Sysco" or the "company") today announced financial results for its 13-week third fiscal quarter ended March 30, 2024. Key financial results for the third quarter of fiscal year 2024 include the following (comparisons are to the same period in fiscal year 2023): Sales increased 2.7%; U.S. Foodservice volume increased 2.9%; U.S. local volumes grew 0.4%;Gross profit increased 5.2% to $3.6 billion;Operating income increased 3.8% to $722.0 million, and adjusted1 operating income increased 8.4% to $799.3 million;EBITDA increased 5.4% to $933.0 million, and adjusted EBITDA increased 8.5% to $976.6 million2;EPS3 increased
HOUSTON, April 25, 2024 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) today announced that the Board of Directors has approved a $0.01 increase in the quarterly cash dividend to $0.51 per share from the current $0.50 per share. The new dividend is payable for the first time on July 26, 2024, to common stockholders of record at the close of business on July 5, 2024. "The Board's decision today to increase the dividend underscores Sysco's commitment to shareholder returns and maintaining our status as a Dividend Aristocrat. Our decision today further rewards our shareholders with a planned annual dividend increase of $0.04 for fiscal year 2025," said Kenny Cheung, Sysco's executive vice
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