Sysco Corporation (SYY) is an American multinational corporation involved in marketing and distributing food products to restaurants, healthcare and educational facilities, hotels and inns, and other foodservice and hospitality businesses. The company is headquartered in the Energy Corridor district of Houston, Texas. Sysco, an acronym for Systems and Services Company, is the world's largest broadline food distributor; it has more than 400,000 clients in a wide array of fields. Management consulting is also an integral part of their services. As of July 2, 2005, the company operated 170 facilities throughout the United States and Canada. The company was founded by Herbert Irving, John F. Baugh and Harry Rosenthal in 1969. The company became public on March 3, 1970. On July 20, 2009, Fortune magazine ranked Sysco No. 204 in the annual Fortune 500 companies in world based on sales volume. On May 3, 2010, Fortune ranked Sysco as the 7th largest Fortune 500 Company in Texas and 55th largest in the U.S. by total revenue. Sysco is also the largest non-oil related company in Houston and the third largest non-oil related company in Texas (Behind AT&T and Dell). Sysco competes with national distributors US Foods, Performance Food Group, and Edward Don & Company, as well as regional companies such as Gordon Food Service, Ben E. Keith, Maines Paper & Food Service, and local foodservice distributors. In December 2013, Sysco announced an $8.2 billion planned acquisition of its next-largest food distribution rival, US Foods. After a U.S. federal judge ruled that the combined company would control 75 percent of the U.S. food service industry, Sysco terminated its merger with US Foods.
Reported before open today (5/2/16) Earnings: EPS $0.46 Revenue $12B Estimates: EPS $0.42 Revenue $11.91B Up 5.47% today
Reported before open today (11/7/16) Earnings: EPS $0.67 Revenue $14B Estimates: EPS $0.58 Revenue $13.88B Up 9.83% today
Analyst Upgrade/Downgrade Update Brokerage firm: Credit Suisse Change: Downgrade Previous Rating: Outperform Current Rating: Neutral Previous Price Target: N/A Current Price Target: N/A
