Talk:Sysco

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New figures for infobox[edit]

Hello! I'm a Sysco employee with a conflict of interest, so I'm using the edit request system to ask for updates to the article.

I noticed that the financial and employee figures in the infobox are from 2017. I've got the company's FY 2023 information, via our latest 10-K. They are as follows:

  • Revenue: $76.3 billion
  • Operating income: $3 billion
  • Net income: $1.8 billion
  • Total assets: $22.8 billion
  • Total equity: $2 billion
  • Number of employees: 72,000[1]

References

  1. ^ "Form 10-K". SEC.gov. July 1, 2023. Retrieved February 1, 2024.

If someone could update the infobox with these new figures, I'd very much appreciate it. Cheers! KM at Sysco (talk) 19:14, 27 February 2024 (UTC)[reply]

 Already done Queen of Hearts talk
she/they
stalk 03:10, 29 February 2024 (UTC)[reply]

I want distributor for dairy products[edit]

I want sell a paneer 2409:40C1:5D:7D43:88F3:95FF:FECC:63CE (talk) 04:48, 28 March 2024 (UTC)[reply]

Improving the History section[edit]

Hello! I noticed the History section isn't in great shape. It lacks information about the company before 1980 and doesn't have many citations. I've composed a new section draft that, among other things:

  • Covers the company's founding and early history
  • Adds citations to citation-free passages
  • Deletes passages I couldn't find sourcing for
  • Adds new information about notable acquisitions the company has made over the past ~20 years
  • Fixes an error in the passage about electrifying the fleet (we're supposed to hit that target by 2030, not 2026)

Here is my section draft, with complete references:

History draft

Founding and early history[edit]

In 1966, Zero Foods owner John Baugh initiated discussions with the leaders of eight other food distribution companies about the prospect of forming one large corporation.[1] The nine companies agreed to terms and formed Sysco in May of 1969. At the time of the merger, the total sales of the nine companies were approximately $115 million.[2] In March 1970, Sysco held its initial public offering.[3]

Sysco made its first acquisition in 1970, purchasing Arrow Foods Distributor.[4] Between 1970 and 1980, the company continued to grow through the acquisition of 25 small food distributors.[5] It also expanded its trucking fleet and constructed refrigerated warehouses for food storage.[2] In 1980, Sysco recorded $1.2 billion in annual revenue. The following year, it moved its stock from the American Stock Exchange to the New York Stock Exchange.[5] In 1985, Sysco was described in a New York Times report as "the nation's leading food service marketing and distribution company."[6]

Acquisitions and expansion[edit]

In 1988, Sysco achieved nationwide coverage through its acquisition of the food distributor CFS Continental.[7] By 1996, Sysco was the third-largest company in Houston and had over 30,000 employees.[8] Sysco acquired Newport Meat in 1999, which at the time had sales of approximately $100 million per year. This was the company's first acquisition of a California company.[9] Between 1995 and 2000, Sysco's annual sales increased from $12 billion to $19 billion.[7] In 2002, Sysco expanded into the Canadian market by purchasing SERCA Foodservices for $278 million.[10] The following year, it acquired Asian Foods, which was then the largest Asian food distribution company in North America.[11][2] In 2009, Sysco made its first acquisition outside of North America, buying the Irish food distributor Pallas Foods.[12] Continuing the expansion of their Irish offerings, in 2012, Sysco purchased Crossgar Foodservice for an undisclosed amount.[13] On December 9, 2013, Sysco announced they would acquire US Foods for a total of $3.5 billion.[14] But on June 24, 2015, US Federal Judge Amit Mehta ruled that the combined Sysco-US Foods would control 75% of the U.S. food service industry and would stifle competition.[15] On June 29, 2015, Sysco terminated its merger with US Foods.[16] In February 2016, Sysco announced that it was purchasing the Brakes Group for $3.1 billion. At the time, Brakes was serving about 50,000 restaurants, hotels, and schools across Europe.[17] In May 2021, Sysco acquired Greco and Sons, a distributor of Italian specialty food products.[18] Later that year, Sysco purchased the fresh produce distributor The Coastal Companies for the purpose of supplementing both its fleet and its specialty produce business.[19] In May 2022, after a year of testing, Sysco committed to the purchase of Freightliner eCascadia electric trucks, with the goal of electrifying 35% of its U.S. fleet by 2030.[20] In October 2023, Sysco announced that it was buying Edward Don & Company, a food service supplies and equipment distributor.[21] This acquisition gave the company additional office and distribution space, as well as the ability to design and build kitchens for its customers.[22]

References

  1. ^ Hassell, Greg (July 10, 1998). "The sage of Sysco; Retired founder still at work". Houston Chronicle. Zero Foods was transformed into Sysco in the late 1960s, when Baugh decided the time was ripe to go national. Rather than battle rivals in other cities, he recruited eight different distributors with the idea of joining him and forming one big company... Baugh initiated the discussions in 1966, and three years later, the far-flung companies cemented their partnership.
  2. ^ a b c Takahashi, Paul (March 26, 2020). "Houston food service giant Sysco marks 50th anniversary as challenges mount". Houston Chronicle. Retrieved December 19, 2023.
  3. ^ "Business briefs; Houston & Texas". Houston Chronicle. November 7, 1998. Sysco Corp. plans to raise its cash dividend by a penny to 10 cents per share… The dividend increase is the 30th approved since the company's initial public offering in March 1970.
  4. ^ Amber, Melis (August 6, 2023). "Sysco: 13 Facts About The Nation's Largest Food Distributor". Mashed. Retrieved December 19, 2023.
  5. ^ a b "$1 Billion Company 'Practically Invisible'". New York Times. February 12, 1981. Retrieved December 19, 2023.
  6. ^ Gilpin, Kenneth N. (November 11, 1985). "President Named In Sysco Changes". New York Times. Retrieved December 19, 2023.
  7. ^ a b Hagerty, James R. (January 3, 2020). "Former Sysco CEO Bill Lindig, Who Helped Create Food-Service Giant, Dies at 83". Wall Street Journal. Retrieved March 4, 2024.
  8. ^ Hassel, Greg. "Sysco goes to court vs. RioStar/Chapter 7 sought for Ninfa's parent." Houston Chronicle. Friday October 18, 1996. Business 1. Retrieved on February 6, 2012.
  9. ^ "COMPANY NEWS; SYSCO TO BUY A CALIFORNIA MEAT DISTRIBUTOR". New York Times. July 10, 1999. Retrieved March 4, 2024.
  10. ^ "SYSCO TO ACQUIRE SERCA, CANADIAN NATIONAL BROADLINER, (USD$1.4-BILLION)". Restaurant Business. 5 December 2001. Retrieved 29 December 2020.
  11. ^ "Asian Foods bought by Sysco". bizjournals. 12 November 2002. Retrieved 29 December 2020.
  12. ^ Labanyi, David (April 1, 2009). "Sysco buys Limerick-based Pallas Foods". The Irish Times. Retrieved March 4, 2024.
  13. ^ Jones, Kristin. "Sysco Buys Crossgar Foodservice, Pushing Irish Expansion". Wall Street Journal. Archived from the original on June 17, 2012. Retrieved 15 June 2012.
  14. ^ de la Merced, Michael J. (June 29, 2015). "Sysco Terminates Deal With US Foods". New York Times. Retrieved March 4, 2024.
  15. ^ Kendall, Brent (2015-06-29). "Judge Explains Reasons for Blocking Sysco-US Foods Merger". Wall Street Journal. ISSN 0099-9660. Retrieved 2020-07-08.
  16. ^ "Sysco Cancels $8.2 Billion US Foods Takeover In Big Antitrust Win For FTC". Forbes. June 29, 2015.
  17. ^ Picker, Leslie (February 22, 2016). "Sysco to Acquire Brakes Group, a Food Distributor in Europe". New York Times. Retrieved March 4, 2024.
  18. ^ Romeo, Peter (May 20, 2021). "Sysco to acquire Italian specialist Greco and Sons". Restaurant Business. Retrieved March 4, 2024.
  19. ^ Kapadia, Shefali (December 8, 2021). "Sysco acquires distributor The Coastal Companies and its fleet assets in M&A spree". Trucking Dive. Retrieved March 4, 2024.
  20. ^ Morgan, Jason (November 14, 2022). "How Sysco Corp. plans to deploy 800 battery electric Class 8 trucks (and that's just the beginning)". Fleet Equipment Magazine. Retrieved March 4, 2024.
  21. ^ "Sysco to acquire Edward Don & Company". Houston Daily. October 14, 2023. Retrieved March 4, 2024.
  22. ^ Whitaker, Harriet (October 16, 2023). "Edward Don & Co sells business to Sysco". Catering Insights. Retrieved March 4, 2024.

I know I'm putting forward quite a lot of text and references for editors to look through. Thanks so much to whoever takes the time to review. If there's any way I can help the process go more smoothly, please let me know. Cheers! KM at Sysco (talk) 20:41, 4 April 2024 (UTC)[reply]

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