Welcome to our dedicated page for Sysco news (Ticker: SYY), a resource for investors and traders seeking the latest updates and insights on Sysco stock.
Sysco Corporation (NYSE: SYY) is a global leader in foodservice distribution, connecting suppliers with over 650,000 customer locations across restaurants, healthcare facilities, and educational institutions. This dedicated news hub provides investors and industry professionals with comprehensive access to official corporate announcements and market-relevant developments.
Track key business initiatives through curated press releases spanning earnings reports, supply chain innovations, sustainability efforts, and strategic partnerships. Our repository ensures timely access to operational updates, leadership changes, and product expansion announcements that shape Sysco's position in the $300B+ foodservice distribution industry.
Discover categorized updates including quarterly financial results, acquisition activity, technology implementations, and industry partnership developments. All content is sourced directly from Sysco's corporate communications to maintain accuracy and compliance with financial disclosure standards.
Bookmark this page for streamlined monitoring of Sysco's operational milestones and market leadership in food logistics. Combine strategic insights with fundamental data through our integrated financial tools for complete investment analysis.
Sysco Corporation (SYY) has joined the U.S. Food Loss and Waste 2030 Champions initiative, aiming to reduce food waste by 50% by 2030. The company plans to divert 90% of its food waste from landfills by 2025 through meal donations and composting. Sysco's Senior Vice President emphasized the company's commitment to community support and sustainability, targeting $500 million in charitable contributions by 2025. This initiative aligns with Sysco's Corporate Social Responsibility goals, reflecting a focus on reducing environmental impact.
Sysco Corporation (NYSE: SYY) has completed the acquisition of The Coastal Companies, a prominent fresh produce distributor. This deal will enhance FreshPoint, Sysco’s specialty produce division, allowing for improved service in the Mid-Atlantic region and the addition of retail and ready-to-eat capabilities. The Coastal Companies, based in Laurel, MD, generates approximately $600 million in annual revenue through its integrated businesses: Coastal Sunbelt Produce, Lancaster Foods, and East Coast Fresh. The financial terms of the acquisition were not disclosed.
Sysco Corporation (NYSE:SYY) announced a live webcast of its presentation at the CAGNY 2022 Conference, scheduled for February 22, 2022, at 12:40 p.m. EST. The event will be accessible on Sysco’s investor relations website, with an archived replay available afterward. Sysco emphasizes the use of its investor relations page for public disclosures, ensuring investors stay informed about key information. As a global leader in food distribution, Sysco generated over $51 billion in sales for fiscal 2021, serving more than 650,000 customer locations worldwide.
Sysco Corporation (NYSE: SYY) reported a strong Q2 fiscal 2022, with sales reaching $16.3 billion, a 41.2% increase year-over-year. Gross profit soared to $2.9 billion, up 37.8%, but gross margin slightly decreased to 17.7%. Operating income jumped 109.8% to $444.9 million. Despite elevated inflation and increased operating expenses due to the Omicron variant, the company managed product costs effectively. A total of $650 million was returned to shareholders through dividends and stock buybacks, contributing to robust financial results.
Sysco Corporation (NYSE:SYY) will host a conference call on Feb. 8, 2022, at 10 a.m. EST to discuss its second quarter fiscal year 2022 financial results. Interested parties can join the call via investors.sysco.com. A news release and slide presentation will be available before the event. Sysco, a leader in food distribution, generated over $51 billion in sales for fiscal 2021 and serves over 650,000 customers globally.
Sysco Corporation (NYSE: SYY) has been recognized as one of America’s Most JUST Companies, leading the food and drug retailer sector for the first time. The ranking is based on an evaluation by JUST Capital and CNBC, focusing on key issues such as job creation, fair wages, and sustainability. Sysco's commitment to Corporate Social Responsibility is highlighted, with praise from Senior Vice President Neil Russell for the company's progress in caring for people and communities. In fiscal 2021, Sysco generated over $51 billion in sales and serves over 650,000 customer locations globally.
Sysco Corporation (NYSE:SYY) announced plans to webcast its presentation at the ICR Conference 2022 on January 10, 2022, at 1:00 p.m. ET. The live event can be accessed through investors.sysco.com, with an archived replay available post-event. Sysco emphasizes its investor relations website as the primary channel for disclosing key information, including corporate social responsibility updates from its recent report.
Sysco Corporation (NYSE: SYY) announced the appointment of three new directors to its board effective January 1, 2022, expanding the board to 13 members. The new members—Ali Dibadj, Jill M. Golder, and Alison Kenney Paul—bring diverse expertise from various industries. These appointments align with Sysco's strategy to enhance leadership and perspectives as it focuses on its Recipe for Growth strategy. The new directors will stand for reelection at the Annual Meeting on November 18, 2022.
Sysco Corporation (SYY) has relaunched its Foodie magazine to enhance the experience for foodservice operators. The redesign features engaging content on digital solutions in partnership with Google, culinary trends, recipes from Executive Chef Neil Doherty, and a customer spotlight on Montana Ale Works. The magazine aims to provide foodservice operators with valuable insights and resources to drive consumer traffic and menu innovation. Sysco continues to emphasize its commitment to supporting customers through innovative solutions and community involvement.
Sysco Corporation (NYSE: SYY) announced plans to acquire The Coastal Companies, a fresh produce distributor generating $600 million in revenue. The acquisition aims to enhance Sysco's FreshPoint business in the Mid-Atlantic, providing added manufacturing capabilities and diversifying its produce specialty portfolio. The Coastal Companies comprises three businesses: foodservice distribution, retail distribution, and value-added manufacturing. The deal is pending regulatory approval, and specific financial terms remain undisclosed.
