OverviewSuggest Edit

Sysco is a multinational corporation that 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 frozen foods, 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
Culture scoreB-

Latest Updates

Employees (est.) (Jun 2019)69,000(+3%)
Job Openings103
Revenue (FY, 2019)$60.1 B(+3%)
Share Price (May 2020)$55.2 (-1%)

Key People/Management at Sysco

Brian Beach

Brian Beach

Senior Vice President - Sysco Labs and Customer Experience
Greg Bertrand

Greg Bertrand

Executive Vice President - U.S. Foodservice Operations
Kevin Hourican

Kevin Hourican

President and Chief Executive Officer
Paul Moskowitz

Paul Moskowitz

Executive Vice President - Human Resources
Ajoy Karna

Ajoy Karna

Senior Vice President International Foodservice Operations - Europe
Michael Foster

Michael Foster

Executive Vice President and Chief Information and Technology Officer
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Sysco Office Locations

Sysco has offices in Houston, Abilene, Albany, Albuquerque and in 163 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
Anchorage, US
6601 Changepoint Dr
Show all (168)

Sysco Financials and Metrics

Sysco Revenue

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Sysco's revenue was reported to be $60.11 b in FY, 2019
USD

Revenue (Q3, 2020)

13.7b

Gross profit (Q3, 2020)

2.6b

Gross profit margin (Q3, 2020), %

18.7%

Net income (Q3, 2020)

(3.3m)

EBIT (Q3, 2020)

60.3m

Market capitalization (29-May-2020)

28.0b

Closing stock price (29-May-2020)

55.2

Cash (28-Mar-2020)

2.2b

EV

37.3b
Sysco's current market capitalization is $28 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

50.4b55.4b58.7b60.1b

Revenue growth, %

3%10%6%

Cost of goods sold

41.3b44.8b47.6b48.7b

Gross profit

9.0b10.6b11.1b11.4b
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

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

Cost of goods sold

10.3b10.0b9.9b11.3b10.9b11.0b11.9b11.7b11.7b12.3b12.0b11.9b12.4b12.2b11.1b

Gross profit

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

Gross profit Margin, %

18%18%18%19%19%19%19%19%19%19%19%19%19%19%19%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

3.9b869.5m552.3m513.5m

Accounts Receivable

3.4b4.0b4.1b4.2b

Prepaid Expenses

114.5m139.2m187.9m210.6m

Inventories

2.6b3.0b3.1b3.2b
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

388.3m595.6m610.8m759.9m847.3m855.1m909.2m961.1m901.6m790.3m744.8m521.6m455.5m524.6m2.2b

Accounts Receivable

3.5b3.4b3.5b4.2b4.0b4.3b4.3b4.0b4.2b4.2b4.1b4.3b4.4b4.4b3.7b

Prepaid Expenses

93.0m83.3m119.4m158.3m142.3m139.3m173.5m183.4m231.1m215.7m212.3m211.2m235.0m245.5m234.9m

Inventories

2.8b2.7b2.7b3.0b3.0b2.9b3.2b3.2b3.3b3.4b3.3b3.3b3.4b3.5b3.7b
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

949.6m1.1b1.4b1.7b

Depreciation and Amortization

662.7m902.0m765.5m763.9m

Inventories

66.9m(113.6m)(89.7m)

Accounts Payable

23.9m322.8m76.9m246.4m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

244.4m516.8m734.0m323.9m599.1m837.3m367.6m651.8m981.8m431.0m698.4m1.1b453.8m837.2m833.9m

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)111.9m78.1m131.7m231.2m(38.9m)(191.3m)(353.8m)
USDY, 2020

EV/EBIT

618.2 x

EV/CFO

34.5 x

Financial Leverage

10.1 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

Company NameDateDeal 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: 11.2% from SYGMA, 19.6% from International Foodservice Operations , 67.5% from U.S. Foodservice Operations and 1.7% from Other

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

Sysco Online and Social Media Presence

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Sysco Company Culture

  • Overall Culture

    B-

    68/100

  • CEO Rating

    C+

    68/100

  • Compensation

    B

    70/100

  • Diversity

    C

    63/100

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Sysco News and Updates

Sysco suspends share buybacks, cuts capex and taps $1.6 billion revolving credit facility

Food services company Sysco Corp. said Monday it is suspending its share buyback program and reducing capital spending as the coronavirus that causes COVID-19 has disrupted the away-from-home food business. The company is expecing sales to fall in the short term because of the virus. To combat the …

Sysco inks deal with Kroger for furloughed worker jobs

Sysco Corp. said late Friday that it forged an agreement that would allow its furloughed workers to temporarily get jobs at some distribution centers run by Kroger Co. . Sysco stock was flat in the extended session, as Kroger Co. shares fell 0.5%. Sysco said that it entered into the agreement due …

Sysco withrew $1.5 billion from credit facility, giving it $2 billion cash on hand

Food distribution company Sysco Corp. said Friday that it has taken measures to boost liquidity, including recently withdrawing $1.5 billion under its credit facility to give it $2 billion in cash on hand. The company said it was working with its banks on exploring other ways to raise funds. Sysco …

Market Extra: Food distributor Sysco joins sustainable bond boom

Corporate debt may be booming, but so is a growing niche where companies ask bond investors to help finance better business practices.

Sysco Announces Sustainability Bond Framework to Advance Its 2025 CSR Goals

HOUSTON, Feb. 07, 2020 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE: SYY), the leading global foodservice distribution company, announced today it has designed a Sustainability Bond Framework (the Framework) under which it may issue Green, Social and/or Sustainability Bonds to advance the company’s…

Sysco Reports Second Quarter Fiscal 2020 Results

The Company reaffirms its FY18-FY20 adjusted earnings per share guidance The Company reaffirms its FY18-FY20 adjusted earnings per share guidance
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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 Brian Beach, Greg Bertrand and Kevin Hourican.

  • How many employees does Sysco have?

    Sysco has 69,000 employees.

  • What is Sysco revenue?

    Latest Sysco annual revenue is $60.1 b.

  • What is Sysco revenue per employee?

    Latest Sysco revenue per employee is $871.2 k.

  • Who are Sysco competitors?

    Competitors of Sysco include US Foods, Jeronimo Martins and Gordon Food Service.

  • Where is Sysco headquarters?

    Sysco headquarters is located at 1390 Enclave Pkwy, Houston.

  • Where are Sysco offices?

    Sysco has offices in Houston, Abilene, Albany, Albuquerque and in 163 other locations.

  • How many offices does Sysco have?

    Sysco has 168 offices.