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Sysco, No. 54 in the Fortune 500, serves restaurants, hospitals and nursing facilities, schools and colleges, hotels and motels, and other food service venues globally. The company’s sales ...
Sales in the company's food service business in the U.S., which caters to offices, amusement parks, casinos, bowling alleys and movie theaters, rose 4.1% in the quarter ended Dec. 28 from a year ...
Not surprisingly, Sysco saw its food costs rise to 7.3% compared with 3.3% in the same period the previous year. Additionally, the company also incurred higher costs for other items like payroll ...
A Core CPI index is a CPI that excludes goods with high price volatility, typically food and energy, so as to gauge a more underlying, widespread, or fundamental inflation that affects broader sets of items. More specifically, food and energy prices are subject to large changes that often fail to persist and do not represent relative price changes.
Kevin Hourican, CEO of the food-distribution giant, spoke to TIME about supply-chain crisis aftershocks and more Why Sysco CEO Kevin Hourican Thinks U.S. Food Prices Will Stop Soaring Soon Skip to ...
Inflation continues to slow from a one-time high of more than 9%, but a lot of consumers are still finding prices are stubbornly high because many of the companies we buy from like it that way.
Food inflation remained sticky in October as select items drove prices higher. The cost of groceries climbed 1.1% compared to a year ago, per data from the Bureau of Labor Statistics, and 0.1% ...
The company raised menu prices by 4% in the first quarter of 2022 (on top of earlier price hikes in June 2021 and December 2021.) Alexandra is a Senior Entertainment and Food Reporter at Yahoo ...