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Sysco Corporation is a global leader in the sale, marketing, and distribution of food products to various sectors, including restaurants, healthcare, educational facilities, and lodging establishments . Operating primarily in North America and Europe, Sysco holds a significant presence in the U.S. foodservice market with a 17% market share of a $370 billion industry . The company offers a wide range of food and non-food items, including frozen foods, fresh produce, and restaurant equipment . Sysco's business strategy focuses on expanding specialty operations and enhancing supply chain efficiency through digital transformation and strategic acquisitions .
- U.S. Foodservice Operations - Provides a comprehensive range of food and non-food products to restaurants and other foodservice establishments across the United States.
- International Foodservice Operations - Delivers food and non-food products to foodservice customers outside the U.S., primarily in Europe.
- SYGMA - Supplies quick-service chain restaurants with food and non-food items, focusing on efficiency and reliability.
- Other Operations - Includes specialty operations like FreshPoint for fresh produce, Greco & Sons for Italian specialties, and hotel supply services.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Kevin P. Hourican ExecutiveBoard | Chair of the Board and CEO | Director at Tapestry, Inc.; Member of Wall Street Journal CEO Council; Member of Business Roundtable | Leads Sysco's transformation for customer-focused growth and international expansion; became Chair in April 2024 and CEO in February 2020. | View Report → |
Daniel J. Purefoy Executive | Senior Vice President and Chief Supply Chain Officer | None | Joined Sysco in August 2022; promoted to Chief Supply Chain Officer in September 2023; oversees supply chain operations. | |
Eve M. McFadden Executive | Senior Vice President, Legal, General Counsel, and Corporate Secretary | None | Joined Sysco as Corporate Counsel; promoted to General Counsel in February 2019; oversees legal, compliance, and risk management. | |
Greg D. Bertrand Executive | Executive Vice President and Global COO | None | Longtime Sysco leader since 1991; promoted to EVP and Global COO in September 2023 after holding various operational leadership roles. | |
Gregory S. Keller Executive | Senior Vice President, National Accounts | None | Joined Sysco in 2000; promoted to SVP, National Accounts in September 2023; oversees Sysco, SYGMA, and Guest Worldwide accounts. | |
Jennifer L. Johnson Executive | Senior Vice President and Chief Accounting Officer | None | Appointed CAO in October 2023; previously held senior accounting roles at FedEx Corporation. | |
Kenny K. Cheung Executive | Executive Vice President and CFO | None | Oversees Sysco's financial operations; joined Sysco in FY 2023 with a $600,000 sign-on bonus. | |
Ronald L. Phillips Executive | Executive Vice President and Chief Human Resources Officer | None | Joined Sysco in May 2021; leads HR strategy and operations; previously held senior HR roles at CVS Health and Carnival Cruise Line. | |
Thomas R. Peck, Jr. Executive | Executive Vice President, Chief Information and Digital Officer | None | Joined Sysco in January 2021; oversees IT and digital transformation; inducted into CIO Hall of Fame in 2015. | |
Victoria L. Gutierrez Executive | Senior Vice President and Chief Merchandising Officer | None | Joined Sysco in July 2021; promoted to Chief Merchandising Officer in August 2022; leads merchandising strategies and analytics. | |
Ali Dibadj Board | Director | CEO and Director at Janus Henderson Group plc | Director since January 2022; brings expertise in finance, strategy, and global asset management. | |
Alison Kenney Paul Board | Director | Managing Director at Google Cloud; Board Member at Girls, Inc. and International Women's Forum | Director since January 2022; brings expertise in digital technology, marketing, and strategy development. | |
Bradley M. Halverson Board | Director | Director at Constellation Energy Corporation and Lear Corporation | Director since 2016; Chair of Sysco's Audit Committee; former CFO at Caterpillar Inc.. | |
Francesca DeBiase Board | Director | Director at Norfolk Southern Corporation; Board Member at AWESOME, The Chicago Network, and Belizean Grove | Joined Sysco's Board in November 2023; former Chief Global Supply Chain and Sustainability Officer at McDonald’s Corporation. | |
Jill M. Golder Board | Director | Director at ABM Industries, Inc. and MOD Superfast Pizza Holdings, LLC | Director since January 2022; former CFO at Cracker Barrel and Ruby Tuesday; brings financial and operational expertise. | |
John M. Hinshaw Board | Director | Director at Illumio, Inc. and Single Store, Inc.; Proprietor of Blackbird Vineyards LLC | Director since April 2018; former COO at HSBC and EVP at Hewlett Packard; brings IT and cybersecurity expertise. | |
Larry C. Glasscock Board | Lead Independent Director | Director at Simon Property Group, Inc. | Director since 2010; became Lead Independent Director in April 2024; brings expertise in customer-focused growth and human capital development. | |
Roberto Marques Board | Director | Director at Alcoa Corporation; Board Member at We Mean Business Coalition and U.S. Tennis Association Foundation | Joined Sysco's Board in August 2024; former CEO of Natura & Co.; brings expertise in sustainability and global consumer businesses. | |
Sheila G. Talton Board | Director | CEO of Gray Matter Analytics; Director at Deere & Company and OGE Energy Corp.; Trustee at Northwestern Hospital Foundation | Director since September 2017; Chair of Sysco's Technology Committee; brings expertise in IT systems and cybersecurity. |
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Despite a 51 basis point decline in Sysco Brand penetration in U.S. Broadline, what specific steps are you taking to reverse this trend and drive private label growth in fiscal 2025, especially given the competitive pressures and improved national supplier fill rates?
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With gross margins slightly down year-over-year due to mix and increased competition, how are you balancing market share gains in the lower-margin CMU space with the need to maintain or improve overall profitability?
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Local case volume growth was only 0.7% for the year, and you mentioned not being satisfied with growth in the important local segment; what are your specific strategies to accelerate local case growth and how confident are you in achieving these targets amid declining restaurant foot traffic?
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Given that restaurant foot traffic was down approximately 3% year-over-year in the quarter and macro conditions remain challenging, how realistic is your expectation of volume growth in the low single digits for fiscal 2025, and what gives you confidence in this outlook?
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With your focus on expanding into the specialty market being a $10 billion-plus opportunity, what are the key challenges you anticipate in integrating your specialty assets, and how will you ensure that the Total Team Selling program effectively captures this growth potential?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Campbells Prime Meat | 2025 | Sysco acquired Campbells Prime Meat in Q2 fiscal 2025 for $40 million (net of cash) to enhance its product offerings in the specialty meat segment, with results included in its International Foodservice Operations though the impact was not material to overall finances. |
BIX Produce Company | 2024 | Sysco acquired BIX Produce Company in Q1 fiscal 2024 for $219 million in cash to expand its specialty produce operations into a new geographic area, with the results being immaterial to overall financial results and integrated into U.S. Foodservice Operations. |
Edward Don & Company | 2024 | Sysco acquired Edward Don & Company in fiscal 2024 for approximately $965–$969.4 million in cash to strengthen its equipment and supplies platform within U.S. Foodservice Operations, supporting its "Recipe for Growth" strategy while contributing to increased interest expense. |
Ready Chef | 2024 | Sysco acquired Ready Chef in 2024, a fresh produce distributor in Ireland, to introduce a FreshPoint-like capability and boost its market share and profitability in the region as part of its international growth strategy. |
Jacmar Foodservice Distribution | 2024 | Sysco acquired Jacmar Foodservice Distribution in Q4 fiscal 2024, a premier provider based in California, with the acquisition results integrated into U.S. Foodservice Operations and being not material to overall financial results. |
Greco and Sons | 2021 | Sysco acquired Greco and Sons on August 12, 2021 to strengthen its position in the Italian foodservice sector by leveraging expertise in Italian specialty distribution (including Bellissimo Foods) and supporting nationwide expansion. |
Paragon Foodservice | 2022 | Sysco acquired Paragon Foodservice in Q2 fiscal 2022 as a regional broadline fresh produce distributor in western Pennsylvania, integrating it into its U.S. specialty produce business to cultivate new channels and capabilities. |
The Coastal Companies | 2022 | Sysco acquired The Coastal Companies in Q3 fiscal 2022, a leading East Coast fresh produce distributor and processor expected to contribute over $600 million in FY23 revenue and fill a key geographic gap while complementing its FreshPoint group. |
Recent developments and announcements about SYY.
Earnings
New Earnings (Q2 2025)
·Jan 28, 2025, 5:48 PMView full earnings summary →Sysco sees second-half FY25 tailwinds from $100M in annualized savings despite Q2 local case volumes dropping 1.9%. Management targets high single-digit EPS growth as sales headcount expansions and improved compensation drive local performance.
8-K Filings
8-K Filing
·Feb 25, 2025, 10:46 PMLeadership ChangesView full 8-K filing →Sysco’s Board approved a one-time PSU award valued at $1.5M for Thomas R. Peck, Jr., EVP, to drive a critical multi-year technology initiative. The award vests fully only if all performance metrics are met.