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Sysco Introduces ‘Foodie Solutions’ to Help Customers Approach Foodservice During COVID-19 Pandemic
As foodservice operators continue to navigate the coronavirus pandemic and states begin to lift restrictions like indoor dining, Sysco has launched Foodie Solutions, a platform created to support foodservice operates during this time.
Through perspective from supporting restaurants and operators across the U.S. Sysco identified essential tools to help customers respond quickly to the changing environment and new trends that have developed during COVID-19 shutdowns.
“Foodie Solutions’ comprehensive suite of toolkits is designed to help operators drive traffic..."
Sysco Sees Sales Drop in Fourth Quarter, Fiscal Year 2020 as COVID-19 Pandemic Impacts Foodservice
Sysco reported its fourth quarter and fiscal year 2020 financial results on Tuesday.
The company’s U.S. foodservice operations saw a 42.8% decrease in Q4 sales compared to the same period last year, totaling $6.1 billion.
Sysco also noted its gross profit decreased by 45.7% to $1.2 billion, and gross margin decreased 102 basis points to 19.1%, compared to the same period last year.
For its international foodservice business, Sysco noted a 53.4% drop in sales, totaling $1.4 billion for Q4 2020...
Sysco Launches New Interactive Virtual ‘Restaurant Readiness Tool’ for Operators
Today, Sysco announced the launch of its Restaurant Readiness Tool, a first-of-its kind simulation that intuitively provides a comprehensive view of best practices, key considerations and essential supplies for operators re-opening their restaurants as COVID-19 stay-at-home orders continue to ease.
The Restaurant Readiness Tool enables operators to tour a virtual restaurant where they experience an immersive, 360-degree view of the establishment. Users can navigate through the restaurant, clicking various icons for each area and foodservice role to learn about best practices for ensuring the health and safety of both guests and employees...
Marie Robinson Joins Sysco as Chief Supply Chain Officer
Sysco Corporation announced that Marie Robinson has joined the company as executive vice president and chief supply chain officer. She is Sysco’s senior supply chain leader with responsibility for leading the company’s supply chain transformation aimed at accelerating profitable growth through more tailored supply chain solutions.
“I am thrilled to have a leader of Marie’s caliber join our team,” said Kevin Hourican, Sysco’s president and chief executive officer. “She brings substantial experience leading international supply chain organizations, network transformation initiatives, distribution centers, and...
Sysco Reports Third Quarter Fiscal 2020 Results
Sysco Corporation announced financial results for its 13-week third fiscal quarter ended March 28, 2020.
Third Quarter Fiscal 2020 Highlights
Sysco Launches Campaign to Connect Foodservice Operators to Its Fresh Products
Sysco Corporation announced that it has launched a new “Sysco Knows Fresh” multi-channel campaign designed to promote both the company’s high quality, fresh product offering and its widespread availability to customers, consumers and the industry.
“Sysco continues to lead our industry in providing an expansive fresh product assortment – including fresh meats and seafood, produce, dairy and refrigerated specialty items. Especially during these challenging times, we want our customers to know they can count on Sysco to help them succeed with...
Sysco Gives Update on Covid-19 Related Business; Donating 2.5 Million Meals Over Next 4 Weeks
Global foodservice distribution company Sysco has released an update on their finances related to the coronavirus (Covid-19) pandemic. According to the company, their “strong balance sheet provides meaningful financial flexibility for the company to navigate current challenges in the ‘food-away-from-home’ market resulting from the spread of Covid-19 and subsequent actions taken across the country to increase social distancing.”
Sysco reports that they have approximately $2 billion cash on hand as of March 20, including a recent...
Sysco Announces Leadership Promotions
Sysco Corporation announced two senior leadership promotions. Eve McFadden has been promoted to senior vice president of legal, general counsel and corporate secretary, after being promoted to vice president and general counsel in 2019. Since joining Sysco in 2008, Eve has provided effective leadership in the areas of employment law, antitrust compliance, and ethics and compliance. In addition, her skills in building strong partnerships within the business has contributed to the company’s success.
In her new role, Eve will continue to act as general counsel, adding responsibility for Sysco’s Enterprise Risk Management function, under which she recently established a new team focused on developing a global framework for Sysco’s environment, health and...
Sysco Announces Exclusive New Product Offerings from Cutting Edge Solutions
Sysco Corporation announced today the launch of eleven new and exciting menu concepts. These innovative products are available exclusively for Sysco customers nationwide through the company’s Cutting Edge Solutions platform.
Designed to help Sysco’s customers stay ahead of their competition, Cutting Edge Solutions products are sourced from best-in-class suppliers at the forefront of innovation. From better-for-you ingredients to labor-saving products, Cutting Edge Solutions products help operators easily update their menus and delight patrons with chef-tested, on-trend and innovative solutions. These versatile products also represent...
Sysco Announces Sustainability Bond Framework to Advance 2025 Goals
Sysco Corporation announced today it has designed a Sustainability Bond Framework (the Framework) under which it may issue Green, Social and/or Sustainability Bonds to advance the company’s 2025 corporate social responsibility (CSR) goals.
Sysco’s CSR strategy focuses on three key areas: people, products and planet, setting a clear path for the future and demonstrating the company’s continued commitment to caring for people, sourcing products responsibly and protecting the planet. The company’s 2025 CSR goals, announced in 2018, include a comprehensive set of objectives, including...
Sysco Reports Second Quarter Fiscal 2020 Results
Sysco Corporation today announced financial results for its 13-week second fiscal quarter ended December 28, 2019.
Second Quarter Fiscal 2020 Highlights
First Half Fiscal 2020 Highlights
Sysco’s FreshPoint Central Florida Expands Facility
Sysco Corporation today announced that it will host a grand opening ceremony and open house for government officials, customers, associates and other members of the community at its FreshPoint Central Florida facility on Jan. 22, 2020 from 11:00am to 2:00pm EST. FreshPoint, Sysco’s specialty produce company, is North America’s leading produce distributor.
The event will celebrate the completion of the expanded, state-of-the-art 150,000 square foot facility, which has doubled in size and features environmentally-friendly specifications, and include a ribbon cutting, facility tour, food demonstrations, tastings and more. The FreshPoint Central Florida facility address is 8801 Exchange Drive in Orlando, FL.
As a result of the expansion, the facility features...
Sysco Announces U.S. Launch of Sysco Simply Plant-Based Burger Patty
Sysco Corporation, the leading global foodservice distribution company, announced the launch of its Sysco Simply Plant-Based Meatless Burger Patty, a Sysco brand exclusive product. This innovative burger is now available to the company’s customers in the majority of its U.S. markets.
This plant-based burger is the latest offering from Sysco Simply, the company’s lifestyle brand designed to help foodservice operators meet growing consumer demand for flexible and customized menu choices. The Sysco Simply burger is a vegan, gluten-free, non-GMO soy patty with 18 grams of plant-based protein per serving, helping foodservice operators...
Sysco Announces Senior Leadership Changes to Accelerate Next Phase of Development
Sysco Corporation announced today that Tom Bené will be stepping down from his roles as president and chief executive officer effective January 31, 2020. Tom will stay on with Sysco as an executive advisor until March 1, 2020, to be available to assist with a smooth and orderly transition of leadership for the Company. The board of directors has unanimously elected Kevin Hourican as the Company’s new president and chief executive officer, starting on February 1, 2020. Kevin most recently served as executive vice president of CVS Health and president of CVS Pharmacy and is a proven business leader with...
Michael Foster Joins Sysco Corporation as Chief Information and Technology Officer
Sysco Corporation announced today that Michael Foster will join the company as chief information and technology officer, effective December 2. He will serve as Sysco’s senior technology leader with responsibility for all aspects of our global technology agenda, and will partner with other Sysco leaders in helping to shape the company’s broader strategic direction and future growth agenda.
"We are very pleased to welcome Michael to Sysco,” said Tom Bené, Sysco's chairman, president and chief executive officer. “His deep background in complex supply chain and logistics businesses, as well as his experience leading digital transformation, infrastructure modernization and...
Sysco Acquires Hawaii-Based Armstrong Produce and Kula Produce
Sysco Corporation today announced it has acquired Armstrong Produce and Kula Produce, Hawaii-based broadline fresh produce wholesalers and distributors with approximately $155 million in combined annual revenue. The acquisitions will operate as part of FreshPoint, Sysco’s specialty produce company.
Armstrong Produce was founded in 1979 and has grown from a small family-run wholesale business into Hawaii’s leading produce wholesaler and distributor. With operations in Honolulu, Kona and Kahului, the company supplies a wide range of customers, from local chefs to retailers, with fresh produce daily. Armstrong Produce and Kula Produce are sister companies.
“Armstrong Produce and Kula Produce have been providing quality service and produce to...
Sysco Announces 2019 Corporate Social Responsibility Report
Sysco Corporation, the leading global foodservice distribution company, announced today it has published its 2019 Corporate Social Responsibility (CSR) Report, documenting the company’s progress toward the 2025 CSR goals established in 2018. Sysco’s CSR strategy focuses on three key areas: people, products and planet, with the objective of Delivering A Better Tomorrow. This strategy sets a clear path for the future and demonstrate the company’s continued commitment to caring for people, sourcing products responsibly and protecting the planet.
“As we celebrate Sysco’s 50th anniversary this fiscal year, we understand the importance of a strong CSR strategy that is focused on finding systemic solutions and...
Sysco Reports First Quarter Fiscal 2020 Results
Sysco Corporation today announced financial results for its 13-week first fiscal quarter ended September 28, 2019.
First Quarter Fiscal 2020 Highlights
“We saw improved financial results in the first quarter with adjusted operating income growth that was...
Sysco’s Cutting Edge Solutions Announces Additional Product Offerings
Sysco Corporation, the leading global foodservice distribution company, announced the availability of nine new products exclusively for customers through its Cutting Edge Solutions platform.
Designed to enable customers to succeed by differentiating themselves in an evolving and competitive business environment, Cutting Edge Solutions products are sourced from leading and up-and-coming suppliers and assists 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...
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