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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 ...
In many instances, large movements in food and energy prices arise because of supply disruptions such as drought or OPEC-led cutbacks in production. This metric was introduced by Arthur F. Burns in the early 1970s, when food and especially oil prices were quite volatile, as an inflation metric that was less subject to short term shocks. [25]
Sysco (NYSE:SYY), a global leader in foodservice distribution, released its earnings report for its fiscal 2025 second quarter on Jan. 28. The company reported adjusted EPS of $0.93, slightly ...
How does fast food inflation compare to actual inflation? According to the Bureau of Labor Statistics, the cost of goods in the U.S. has risen 31% since 2014, meaning $100 in 2014 dollars is worth ...
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.