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HFM FoodService Becomes Sysco Hawaiʻi

Sysco Corporation (NYSE: SYY), the leading global foodservice distribution company, announced that HFM FoodService will officially change its name to Sysco Hawaiʻi today, while celebrating the grand opening of its 3,000 square-foot, state-of-the-art Test Kitchen at the company’s Oahu facility. Additionally, Sysco Hawaiʻi presented the Hawaiʻi Foodbank with a $25,000 donation to reaffirm its commitment to ending hunger, as part of Sysco Hawaiʻi’s Nourishing Neighbors program.

HFM has been the leading wholesale foodservice distributor in the Pacific region for more than 50 years, and in October 2017, HFM was acquired by Sysco Corporation, the leading global distributor of food and related products.

“With the new Sysco Hawaiʻi, we now offer the “best of local from a global company,” said Jason Wong, president, Sysco Hawaiʻi. “We will leverage the strengths of the entire Sysco Hawaiʻi team with...

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Aug 29 8:17 AM, General News



Sysco Acquires J. Kings Food Service Professionals

Sysco Corporation (NYSE:SYY), the leading global foodservice distribution company, today announced it has acquired J. Kings Food Service Professionals, a New York broadline distributor with approximately $150 million in annual sales.

J. Kings Food Service Professionals, headquartered in Holtsville, New York, was founded by John King more than 45 years ago. Today, the company has grown to one of the leading independent broadline distributors in the New York area, also servicing customers in Connecticut and New Jersey. The majority of the company’s customers are independent restaurant operators, but the company also serves institutional, retail and multi-unit customers.

“J. Kings is a well-respected, New York area broadline distributor, and we are happy to welcome them into the Sysco family of businesses,” said Greg Bertrand, Sysco’s executive vice president, U.S. foodservice operations. “As Sysco continues to focus on...

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Aug 13 8:54 AM, General News


Sysco Reports Fourth Quarter and Full Year 2019 Results

Sysco Corporation (NYSE: SYY) today announced financial results for its 13-week fourth fiscal quarter and its fiscal year ended June 29, 2019.

Fourth Quarter Fiscal 2019 Highlights

  • Sales increased 1.0% to $15.5 billion
  • Gross profit increased 2.1% to $3.0 billion; gross margin increased 21 basis points
  • Operating income increased 5.4% to $720.5 million; adjusted¹ operating income increased 6.6% to $818.1 million
  • EPS increased $0.18 to $1.03; adjusted EPS increased...
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Aug 12 9:22 AM, General News


Sysco Reports Third Quarter Fiscal 2019 Results

Sysco Corporation (NYSE: SYY) today announced financial results for its 13-week third fiscal quarter ended March 30, 2019.

Third Quarter Fiscal 2019 Highlights

  • Sales increased 2.2% to $14.7 billion
  • Gross profit increased 2.9% to $2.8 billion; gross margin increased 14 basis points
  • Operating income increased 9.8% to $529.6 million; adjusted¹ operating income increased 16.6% to $620.2 million
  • EPS increased $0.22 to $0.85; adjusted¹ EPS increased $0.12 to $0.79...
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May 6 11:32 AM, General News


Sysco Acquires J & M Wholesale Meats and Imperio Foods

Sysco Corporation (NYSE:SYY), the leading global foodservice distribution company, today announced it has acquired J & M Wholesale Meats and Imperio Foods, Inc., leading California distributors with approximately $44 million in combined annual sales.

J & M Wholesale Meats and Imperio Foods, sister companies based out of Modesto, California, operate throughout northern California and Oregon. J&M Meats, founded in 2003, is a foodservice distributor who specializes in center of the plate products, serving foodservice customers and small retail locations in the Hispanic segment. Imperio Foods was founded in 2014 and ...

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Apr 12 8:51 AM, General News


Sysco Announces Multi-Site Solar Gardens in Texas Are Operational

The renewable energy sites will support approximately 10 percent of Sysco’s U.S. electricity usage

Sysco Corporation (NYSE:SYY), the leading global foodservice distribution company, announced today that the Company’s solar garden sites in the Houston and Dallas areas are fully-constructed and operational. The three sites, named collectively “Sysco Power Patch” through an employee naming competition, are part of a 25 megawatt, ten-year renewable energy agreement with a subsidiary of NRG Energy, Inc. The project will support the majority of Sysco’s electricity load in Texas, including its Corporate Headquarters.

The “Sysco Power Patch” sites took six months to build and created 190 jobs during the peak of construction in 2018. The project sites are on 224 total acres and feature 201,792 solar panels. The sites will support approximately 10 percent of Sysco’s U.S. electricity usage, achieving half of the Company’s 2025 Responsibility Goal of 20 percent renewable energy by ...

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Feb 26 8:38 AM, General News


Sysco’s Cutting Edge Solutions Announces Additional Product Offerings

Sysco Corporation (NYSE: SYY), the leading global foodservice distribution company, announced today the launch of seven new products available exclusively for customers through its Cutting Edge Solutions platform.

Designed to enable our customers to succeed by differentiating themselves in an evolving and competitive business environment, Cutting Edge Solution products are sourced from leading and up-and-coming suppliers and assist customers with refreshing their menus, driving increased traffic and streamlining back-of-house operations. Since its inception in October 2015, Cutting Edge Solutions has delivered over one million cases of new, on-trend, innovative product offerings to customers.

“These latest additions to our Cutting Edge Solutions platform demonstrate our commitment to being our customers’ most valued and trusted business partner by showcasing exclusive product offerings featuring the latest on-trend flavors, labor-saving innovations and versatile product solutions,” said Brian Todd, senior vice president of merchandising, Sysco.

The Sysco Brand Cutting Edge Solutions launching nationwide this month include ...

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Feb 18 8:47 AM, General News


Sysco Reports Second Quarter Fiscal 2019 Results

The Company delivered results in line with expectations

Sysco Corporation (NYSE: SYY) today announced financial results for its 13-week second fiscal quarter ended December 29, 2018.

Second Quarter Fiscal 2019 Highlights

  • Sales increased 2.5% to $14.8 billion
  • Gross profit increased 2.7% to $2.8 billion; gross margin increased 4 basis points
  • Operating income decreased 14.5% to $451.9 million; adjusted¹ operating income increased 4.8% to $603.3 million
  • EPS decreased $0.03 to $0.51; adjusted¹ EPS decreased $0.03 to $0.75

First Half Fiscal 2019 Highlights

  • Sales increased 3.2% to $30.0 billion ...
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Feb 4 8:59 AM, General News


Sysco to Acquire Waugh Foods, Inc.

Sysco Corporation, the leading global foodservice distribution company, today announced it has entered into a definitive agreement to acquire Waugh Foods, Inc., a leading Illinois broadline distributor with approximately $40 million in annual sales.

Waugh Foods Inc., headquartered in East Peoria, Ill. has been in business for 70 years. Joseph A. Waugh, Sr. founded Waugh Frozen Food Company in 1948, and in 1966, after additions to the company’s product lines, the name was changed to Waugh Foods, Inc. Today, the company provides a wide variety of products to customers throughout Central Illinois.

“Waugh Foods has a long, rich history in the Central Illinois area, which includes strong relationships with local independent operators,” said Greg Bertrand, executive vice president, U.S. foodservice operations. “We are excited to... 

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Jan 29 8:59 AM, General News


Sysco’s Innovative E-Commerce Platform Partners with Frieda’s Specialty Produce

Sysco Corporation (NYSE: SYY), the leading global foodservice distribution company, announced today that its e-Commerce platform, Supplies on the Fly, has partnered with Frieda’s Specialty Produce to offer next-day delivery of specialty and exotic produce items to customers across the United States.

Exclusively for Sysco customers, Supplies on the Fly is an online ordering platform designed with convenience in mind, enabling foodservice operators to order the restaurant essentials they need, bill it to their Sysco invoice and get it delivered directly to their door. With over 170,000 products...

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Nov 29 9:06 AM, General News


Sysco Reports Progress of “Delivering A Better Tomorrow” in Corporate Social Responsibility Report 

Sysco Corporation (NYSE: SYY), the leading global foodservice distribution company, today released its 2018 Corporate Social Responsibility (CSR) report titled "Delivering A Better Tomorrow.”

The report details the Company’s CSR activities and accomplishments for the fiscal year ending June 30, 2018. Additionally, the report expands on the Company’s continued commitment to CSR with its recently announced 2025 Responsibility Goals in the People, Products and Planet pillars.

Highlights from Sysco’s 2018 Corporate Social Responsibility Report include...

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Nov 26 9:23 AM, General News


Sysco Reports First Quarter Fiscal 2019 Results

Sysco Corporation today announced financial results for its 13-week first fiscal quarter ended September 29, 2018.

First Quarter Fiscal 2019 Highlights

•Sales increased 3.9% to $15.2 billion
•Gross profit increased 3.9% to $2.9 billion; gross margin increased 2 basis points
•Operating income increased 1.4% to $628.1 million; adjusted¹ operating income increased 5.1% to $691.7 million
•EPS increased $0.12 to $0.81; adjusted¹ EPS increased $0.17 to $0.91

“Our top-line results for the first quarter were solid, particularly in our U.S. Foodservice segment,” said Tom Bené, Sysco’s president and chief executive officer. “We continue to see expense challenges in the warehouse and transportation areas of our supply chain, which we anticipate will persist. We remain focused on the execution of our strategic priorities, which we believe will...

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Nov 5 8:22 AM, General News


Introducing Sysco Simply: a Platform Dedicated to Health and Well-Being Food Solutions

Sysco Corporation (NYSE: SYY), the leading global foodservice distribution company, announced today the launch of Sysco Simply, a platform designed to enable our customers to accommodate the growing consumer demand for varied dietary and lifestyle choices. Based on customer insights, feedback and industry trends, the first focus area of Sysco Simply is plant-forward dining; including vegan, vegetarian, flexitarian and plant-based protein products.

“Sysco understands our customers’ need to keep pace with changing consumer preferences and the growing demand and marketability of plant-based products that meet those needs,” said Brian Todd, senior vice president of merchandising, Sysco. “Whether it’s a protein-alternative or better-for-you ingredients, we are committed to providing our customers with...

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Nov 1 10:33 AM, Urner Barry




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