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.

Employee Rating

3.3More
TypePublic
HQHouston, US
Founded1969
Size (employees)67,000 (est)
Websitesysco.com
Sysco was founded in 1969 and is headquartered in Houston, US
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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, Albany, Albuquerque, Allentown and in 229 other locations
Houston, US (HQ)
1390 Enclave Parkway
Abilene, US
290 Cypress St
Albuquerque, US
601 Comanche Rd
Anchorage, US
6601 Changepoint Drive
Billings, US
1509 Monad Rd
Bloomfield, US
20 Theodore Conrad Drive
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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 (Q1, 2019)

15.2b

Gross profit (Q1, 2019)

2.9b

Gross profit margin (Q1, 2019), %

19.1%

Net income (Q1, 2019)

431.0m

EBIT (Q1, 2019)

628.1m

Market capitalization (16-Jan-2019)

32.4b

Closing stock price (16-Jan-2019)

62.3

Cash (29-Sep-2018)

790.3m

EV

40.3b
Sysco's current market capitalization is $32.4 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, 2019

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

18%18%18%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, 2019

Cash

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

Accounts Receivable

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

Prepaid Expenses

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

Inventories

2.8b2.7b2.7b3.0b3.0b2.9b3.2b3.2b3.3b3.4b
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, 2019

Net Income

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

Depreciation and Amortization

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

Inventories

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

Accounts Payable

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

EV/EBIT

64.1 x

EV/CFO

148.5 x

Debt/Equity

3.3 x

Debt/Assets

0.5 x

Financial Leverage

7 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

Sweet Street earns 2018 Sysco Supplier Excellence Awards

READING, Pa., Nov. 20, 2018 /PRNewswire/ -- Sweet Street, the nation's leading manufacturer of gourmet desserts, is pleased to announce the company has earned two 2018 Sysco Supplier Excellence Awards: the Gold Heritage Award and the Bronze Supplier Award in the Baker category. The Gold...

Sysco Elects Edward D. Shirley Independent Lead Director

HOUSTON, Nov. 16, 2018 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY), the leading global foodservice distribution company, today announced that its board of directors has elected Edward D. Shirley as independent lead director, effective today. This follows the retirement of Jackie M. Ward and t…

Sysco Declares 50th Dividend Increase

HOUSTON, Nov. 15, 2018 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) today announced that the board of directors has approved an 8 percent increase in the quarterly cash dividend to $0.39 per share from the current $0.36 per share. The new dividend is payable on Jan. 25, 2019, to common stockho…

Sysco shares slide 6% premarket after earnings miss

Food services company Sysco Corp.'s shares slid 6% in premarket trade Monday, after the company missed earnings estimates for its fiscal first quarter. Houston-based Sysco said it had net earnings for $431 million, or 81 cents a share, in the quarter to Sept. 29, up from $367.6 million, or 69 cents…

Introducing Sysco Simply: a Platform Dedicated to Health and Well-Being Food Solutions

Making the Choice Simple. Sysco Simply.

Sysco Donates $50,000 for Hurricane Michael Relief Efforts

HOUSTON, Oct. 16, 2018 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE: SYY), announced today that the Company will donate $50,000 to the American Red Cross North Florida Region chapter to support relief efforts following Hurricane Michael.
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Sysco Company Life and Culture

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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 Parkway, Houston.

  • Where are Sysco offices?

    Sysco has offices in Houston, Albany, Albuquerque, Allentown and in 229 other locations.

  • How many offices does Sysco have?

    Sysco has 233 offices.