OverviewSuggest Edit

Sysco Corporation markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry. It operates through three segments: U.S. Foodservice Operations, International Foodservice Operations, and SYGMA. The Company distributes a line of frozen foods, a line of 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, tableware, cookware, restaurant and kitchen equipment and supplies, and cleaning supplies.

TypePublic
Founded1969
HQHouston, US
Websitesysco.com
Employee Ratings3.3

Latest Updates

Employees (est.) (Feb 2019)67,000
Job Openings996
Revenue (FY, 2018)$58.7 B(+7%)
Share Price (Mar 2019)$65.6

Key People/Management at Sysco

Tom Bené

Tom Bené

President and Chief Executive Officer
Wayne Shurts

Wayne Shurts

Executive Vice President and Chief Technology Officer
Bill Goetz

Bill Goetz

Senior Vice President - Sales and Marketing
Paul Moskowitz

Paul Moskowitz

Executive Vice President - Human Resources
Scott Charlton

Scott Charlton

Executive Vice President - Supply Chain
Russell Libby

Russell Libby

Executive Vice President - Administration and Corporate Secretary
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Sysco Office Locations

Sysco has offices in Houston, City of Industry, St. George, Philadelphia and in 228 other locations
Houston, US (HQ)
1390 Enclave Pkwy
Abilene, US
290 Cypress St
Albany, US
Albany, NY, USA
Albuquerque, US
601 Comanche Rd NE
Allen, US
Allen, TX, USA
Allentown, US
Allentown, PA, USA
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Sysco Financials and Metrics

Sysco Revenue

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Sysco's revenue was reported to be $58.73 b in FY, 2018 which is a 6.1% increase from the previous period.
USD

Revenue (Q2, 2019)

14.8b

Gross profit (Q2, 2019)

2.8b

Gross profit margin (Q2, 2019), %

18.8%

Net income (Q2, 2019)

267.4m

EBIT (Q2, 2019)

451.9m

Market capitalization (22-Mar-2019)

33.7b

Closing stock price (22-Mar-2019)

65.6

Cash (29-Dec-2018)

744.8m

EV

41.7b
Sysco's current market capitalization is $33.7 b.
Annual
USDFY, 2016FY, 2017FY, 2018

Revenue

50.4b55.4b58.7b

Revenue growth, %

3%10%6%

Cost of goods sold

41.3b44.8b47.6b

Gross profit

9.0b10.6b11.1b
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

12.6b12.2b12.0b14.0b13.5b13.5b14.7b14.4b14.3b15.2b14.8b

Cost of goods sold

10.3b10.0b9.9b11.3b10.9b11.0b11.9b11.7b11.7b12.3b12.0b

Gross profit

2.2b2.2b2.1b2.7b2.6b2.5b2.8b2.7b2.7b2.9b2.8b

Gross profit Margin, %

18%18%18%19%19%19%19%19%19%19%19%
Annual
USDFY, 2016FY, 2017FY, 2018

Cash

3.9b869.5m552.3m

Accounts Receivable

3.4b4.0b4.1b

Prepaid Expenses

114.5m139.2m187.9m

Inventories

2.6b3.0b3.1b
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Cash

388.3m595.6m610.8m759.9m847.3m855.1m909.2m961.1m901.6m790.3m744.8m

Accounts Receivable

3.5b3.4b3.5b4.2b4.0b4.3b4.3b4.0b4.2b4.2b4.1b

Prepaid Expenses

93.0m83.3m119.4m158.3m142.3m139.3m173.5m183.4m231.1m215.7m212.3m

Inventories

2.8b2.7b2.7b3.0b3.0b2.9b3.2b3.2b3.3b3.4b3.3b
Annual
USDFY, 2016FY, 2017FY, 2018

Net Income

949.6m1.1b1.4b

Depreciation and Amortization

662.7m902.0m765.5m

Inventories

66.9m(113.6m)(89.7m)

Accounts Payable

23.9m322.8m76.9m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Net Income

244.4m516.8m734.0m323.9m599.1m837.3m367.6m651.8m981.8m431.0m698.4m

Depreciation and Amortization

136.0m281.4m460.7m211.7m449.0m667.3m179.7m370.3m563.7m187.6m392.4m

Inventories

(162.9m)(69.4m)(6.8m)(149.8m)(175.2m)(80.7m)(167.0m)(133.4m)(202.8m)(229.1m)(204.4m)

Accounts Payable

23.6m(140.5m)11.4m110.9m(51.4m)318.8m(57.4m)(286.9m)111.9m78.1m131.7m
USDY, 2018

EV/EBIT

92.3 x

EV/CFO

45.5 x

Revenue/Employee

220.4k

Debt/Equity

4.1 x

Debt/Assets

0.5 x

Financial Leverage

8.4 x
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Sysco Operating Metrics

FY, 2015FY, 2016FY, 2017FY, 2018

Customer Locations

425 k425 k500 k600 k

Distribution Sites

197 199 324 332
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Sysco Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Almacén Fiscal Frionet Caldera, S.A.
Almacén Fiscal Frionet Limón, S.A.
A. M. Briggs, Inc.
Arets Kock AB
Arnotts (Fruit) Limited
Bahamas Food Holdings Limited
Bahamas Food Services Limited
Brake Bros. Acquisition Limited
Brake Bros. Finance Limited
Brake Bros Foodservice Ireland Limited
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Sysco Revenue Breakdown

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Sysco revenue breakdown by business segment: 67.5% from U.S. Foodservice Operations, 19.6% from International Foodservice Operations , 11.2% from SYGMA and 1.7% from Other

Sysco revenue breakdown by geographic segment: 79.7% from United States, 7.9% from Canada, 5.4% from United Kingdom and 6.9% from Other

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Sysco Online and Social Media Presence

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Sysco News and Updates

Sysco Announces Multi-Site Solar Gardens in Texas Are Operational

The renewable energy sites will support approximately 10 percent of Sysco’s U.S. electricity usage The renewable energy sites will support approximately 10 percent of Sysco’s U.S. electricity usage

Drivers At Sysco Near Miami Vote To Join Teamsters Local 769

MIAMI, Feb. 14, 2019 /PRNewswire/ -- Drivers at Sysco South Florida near Miami have voted to join Teamsters Local 769, the second organizing victory in less than three weeks at Sysco and the latest example of workers standing together nationwide at the company to demand fair treatment....

Sysco shares jump 2.7% premarket after profit beat

Shares of food services company Sysco Corp. rose 2.7% in premarket trade Monday, after the company posted better-than-expected profit for its fiscal second quarter. The company said it had net income of $267.4 million, or 51 cents a share, in the quarter to Dec. 29, down from $284.1 million, or 54 …

Sysco Reports Second Quarter Fiscal 2019 Results

The Company delivered results in line with expectations The Company delivered results in line with expectations

Drivers At Sysco Sygma In Detroit Area Vote To Join Teamsters Local 337

DETROIT, Jan. 29, 2019 /PRNewswire/ -- Drivers and helpers from Sysco's Sygma Network in Monroe, Michigan near Detroit have voted overwhelmingly to join Teamsters Local 337, the latest example of Sysco workers standing together nationwide to demand fair treatment and working conditions....

Sysco to buy regional food distributor Waugh Foods

Sysco Corp. said late Monday it has agreed to buy Waugh Foods Inc. for an undisclosed amount. East Peoria, Ill.-based Waugh, a food distributor, has about $40 million a year in sales, Sysco said. Waugh Foods executives will continue to manage the business, Sysco said. Sysco shares were flat in the …
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Sysco Frequently Asked Questions

  • When was Sysco founded?

    Sysco was founded in 1969.

  • Who are Sysco key executives?

    Sysco's key executives are Tom Bené, Wayne Shurts and Bill Goetz.

  • How many employees does Sysco have?

    Sysco has 67,000 employees.

  • What is Sysco revenue?

    Latest Sysco annual revenue is $58.7 b.

  • What is Sysco revenue per employee?

    Latest Sysco revenue per employee is $876.5 k.

  • Who are Sysco competitors?

    Competitors of Sysco include Farmer Brothers, Gordon Food Service and Jeronimo Martins.

  • Where is Sysco headquarters?

    Sysco headquarters is located at 1390 Enclave Pkwy, Houston.

  • Where are Sysco offices?

    Sysco has offices in Houston, City of Industry, St. George, Philadelphia and in 228 other locations.

  • How many offices does Sysco have?

    Sysco has 233 offices.