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Sysco Corporation (short for Systems and Services Company) is an American multinational corporation involved in marketing and distributing food products, smallwares, kitchen equipment and tabletop items to restaurants, healthcare and educational facilities, hospitality businesses like hotels and inns, and wholesale to other companies that ...
They were renamed GFS Marketplace in 1992 and rebranded to Gordon Food Service Store in 2014. As of 2023, they operate more than 175 stores across Florida, Illinois, Indiana, Kentucky, Michigan, Missouri, New York, Ohio, Pennsylvania, Tennessee,Texas and Wisconsin. [9] The company began renovating many stores in 2019. [10]
Sysco reiterated its full-year forecasts for the second time; it expects net sales to grow between 4% and 5% and adjusted earnings per share to grow between 6% and 7%.
On December 9, 2013, Sysco Corp announced it would acquire US Foods for $8.2 billion ($3.5 billion plus $4.7 billion of debt), [17] but on June 24, 2015, U.S. federal judge Amit Mehta ruled that the combined Sysco-US Foods would control 75% of the U.S. foodservice industry and that would stifle competition. On June 29, 2015, Sysco terminated ...
Its core market is North America, but it operates in an additional 19 countries and employs more than 272,000 people. It went public for the third time in 2013, with the first two IPOs taking ...
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Dot Foods was founded in 1960, by Robert F. Tracy, and was originally named Associated Dairy Products to reflect the nature of the business at the time. Tracy began the enterprise by selling an assortment of dairy products from the back of the family station wagon. [2]
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 ...