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 |
|---|---|---|---|
| 5/23/2025 | $78.00 | Neutral | Citigroup |
| 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 |
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Citigroup initiated coverage of Sysco with a rating of Neutral and set a new price target of $78.00
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
HOUSTON, April 14, 2025 (GLOBE NEWSWIRE) -- Sysco Corporation announced today its new partnership as the official wholesale food distributor for the MICHELIN Guide. The collaboration links the world's largest food distributor to one of the world's most celebrated culinary events. The partnership will be celebrated at the 2025 MICHELIN Guide Florida Ceremony in Orlando on April 17 and will bring Sysco's high-quality, premium products and culinary expertise to one of the world's most celebrated culinary events. The MICHELIN Guide is renowned for its prestigious ratings and in-depth reviews of restaurants worldwide, representing the pinnacle of gastronomic achievement. "We are deligh
HOUSTON, Feb. 25, 2025 (GLOBE NEWSWIRE) -- Sysco Corporation, the leading global foodservice distribution company, has appointed Jennifer Kaplan Schott to the position of Executive Vice President, Chief Legal Officer, effective April 1, 2025. "I'm delighted to welcome Jennifer to our executive leadership team," said Kevin Hourican, Chair of the Board and Chief Executive Officer, Sysco. "Jennifer's extensive experience across multiple fields of law, and in complex multinational businesses, make her the ideal leader to join us as we continue to advance our Recipe for Growth strategy, while protecting the interests of our company and our people." Schott joins Sysco with over 25
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
HOUSTON, April 29, 2025 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) ("Sysco" or the "company") today announced financial results for its 13-week third fiscal quarter ended March 29, 2025. Key financial results for the third quarter of fiscal year 2025 include the following (comparisons are to the same period in fiscal year 2024): Sales increased 1.1%; U.S. Foodservice volume decreased 2.0%;Gross profit decreased 0.8% to $3.6 billion;Operating income decreased 5.7% to $681 million, and adjusted operating income decreased 3.3% to $773 million1;Net earnings decreased 5.6% to $401 million, and adjusted net earnings decreased 2.9% to $469 million1;EBITDA decreased 2.5% to $910 million, a
HOUSTON, April 24, 2025 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) today announced that the Board of Directors has approved a $0.03 increase in the quarterly cash dividend to $0.54 per share from the current $0.51 per share. The new dividend is payable for the first time on July 25, 2025, to common stockholders of record at the close of business on July 3, 2025. "The Board's decision to increase the dividend by 6% reflects Sysco's continued commitment to maintaining a healthy dividend payout ratio of 40% to 50% of adjusted EPS, while delivering long-term shareholder value and continuing our track record as a Dividend Aristocrat. The planned $0.12 annual dividend increase for fisca
HOUSTON, April 08, 2025 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) will host a conference call and webcast to discuss its third quarter fiscal year 2025 financial results at 10 a.m. EDT on Tuesday, April 29, 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, found
HOUSTON, Feb. 27, 2025 (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 April 25, 2025, to common stockholders of record at the close of business on April 4, 2025. About Sysco Sysco is the global leader in selling, marketing and distributing food and related products to customers who prepare meals away from home. This includes restaurants, healthcare and educational facilities, lodging establishments, entertainment venues, and more. Sysco operates 340 distribution centers, in 10 countries, with 76,000 colleagues serving approximately 730,000 customer locations. The compan
HOUSTON, Jan. 28, 2025 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) ("Sysco" or the "company") today announced financial results for its 13-week second fiscal quarter ended December 28, 2024. Key financial results for the second quarter of fiscal year 2025 include the following (comparisons are to the same period in fiscal year 2024): Sales increased 4.5%; U.S. Foodservice volume increased 1.4%;Gross profit increased 3.9% to $3.7 billion;Operating income increased 1.7% to $712 million, and adjusted operating income increased 5.1% to $783 million1;EBITDA increased 1.9% to $931 million, and adjusted EBITDA increased 4.4% to $969 million1,2;EPS3 was $0.82, in-line with the same period l
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
LAUREL, Md., May 22, 2025 (GLOBE NEWSWIRE) -- The Coastal Companies is issuing a voluntary recall of 17 products that were produced from cucumbers grown by Bedner Growers, Inc. and distributed by Fresh Start Produce Sales, Inc. due to the potential for Salmonella contamination. These products were distributed by East Coast Fresh in Laurel, MD and Hearn Kirkwood in Jessup, MD. If you find any of the affected products listed below in your possession, please record the number of cases and DESTROY THE PRODUCT. DO NOT RETURN. Consumers, restaurants, retailers, and wholesalers should not eat, sell, or serve the recalled products containing those cucumbers.If you cannot tell if your produc
HOUSTON, May 13, 2025 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) today announced that the Company will webcast its presentation from the 2025 Deutsche Bank Access Global Consumer Conference in Paris, France on Tuesday, June 3, at 4:15 a.m. CDT or 11:15 a.m. CEST. 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-
HOUSTON, April 29, 2025 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) ("Sysco" or the "company") today announced financial results for its 13-week third fiscal quarter ended March 29, 2025. Key financial results for the third quarter of fiscal year 2025 include the following (comparisons are to the same period in fiscal year 2024): Sales increased 1.1%; U.S. Foodservice volume decreased 2.0%;Gross profit decreased 0.8% to $3.6 billion;Operating income decreased 5.7% to $681 million, and adjusted operating income decreased 3.3% to $773 million1;Net earnings decreased 5.6% to $401 million, and adjusted net earnings decreased 2.9% to $469 million1;EBITDA decreased 2.5% to $910 million, a
HOUSTON, April 24, 2025 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) today announced that the Board of Directors has approved a $0.03 increase in the quarterly cash dividend to $0.54 per share from the current $0.51 per share. The new dividend is payable for the first time on July 25, 2025, to common stockholders of record at the close of business on July 3, 2025. "The Board's decision to increase the dividend by 6% reflects Sysco's continued commitment to maintaining a healthy dividend payout ratio of 40% to 50% of adjusted EPS, while delivering long-term shareholder value and continuing our track record as a Dividend Aristocrat. The planned $0.12 annual dividend increase for fisca
HOUSTON, April 14, 2025 (GLOBE NEWSWIRE) -- Sysco Corporation announced today its new partnership as the official wholesale food distributor for the MICHELIN Guide. The collaboration links the world's largest food distributor to one of the world's most celebrated culinary events. The partnership will be celebrated at the 2025 MICHELIN Guide Florida Ceremony in Orlando on April 17 and will bring Sysco's high-quality, premium products and culinary expertise to one of the world's most celebrated culinary events. The MICHELIN Guide is renowned for its prestigious ratings and in-depth reviews of restaurants worldwide, representing the pinnacle of gastronomic achievement. "We are deligh
HOUSTON, April 08, 2025 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) will host a conference call and webcast to discuss its third quarter fiscal year 2025 financial results at 10 a.m. EDT on Tuesday, April 29, 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, found
HOUSTON, Feb. 27, 2025 (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 April 25, 2025, to common stockholders of record at the close of business on April 4, 2025. About Sysco Sysco is the global leader in selling, marketing and distributing food and related products to customers who prepare meals away from home. This includes restaurants, healthcare and educational facilities, lodging establishments, entertainment venues, and more. Sysco operates 340 distribution centers, in 10 countries, with 76,000 colleagues serving approximately 730,000 customer locations. The compan
HOUSTON, Feb. 25, 2025 (GLOBE NEWSWIRE) -- Sysco Corporation, the leading global foodservice distribution company, has appointed Jennifer Kaplan Schott to the position of Executive Vice President, Chief Legal Officer, effective April 1, 2025. "I'm delighted to welcome Jennifer to our executive leadership team," said Kevin Hourican, Chair of the Board and Chief Executive Officer, Sysco. "Jennifer's extensive experience across multiple fields of law, and in complex multinational businesses, make her the ideal leader to join us as we continue to advance our Recipe for Growth strategy, while protecting the interests of our company and our people." Schott joins Sysco with over 25
HOUSTON, Feb. 21, 2025 (GLOBE NEWSWIRE) -- Today, Sysco Corporation, the leading global foodservice distribution company, recalled frozen supplemental shakes linked to a Listeria monocytogenes outbreak and halted all purchases of other products supplied by Lyons Magnus from a Fort Wayne, Ind., facility. Lyons Magnus supplied Sysco Imperial and Lyons ReadyCare supplemental shakes linked to the outbreak. Sysco is immediately removing all the recalled items from its inventory, notifying potentially implicated downstream customers of the recall, and halting production of all products that originate from that facility. Additional actions will be taken as needed, and Sysco will continue to coop
HOUSTON, Feb. 03, 2025 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) today announced that the Company will webcast its presentation at the CAGNY 2025 Conference on Tuesday, Feb. 18, 2025, at 3:00 p.m. EST. 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 section of its website, found at investors.sysco.com, as the primary channel for publishing key information to its investors, some of which may contain material and previously non-public information. About Sys