Food product marketer and distributor Sysco continued its slide down the Fortune 500 this year as the pandemic kept restaurant demand largely depressed. The company dropped 10 spots on this list, its revenue decreasing 3% to $51 billion. However, it managed to more than double its profits year over year, to $524 million—a fact that reflects the gradual loosening of COVID-related restrictions throughout the year. In its fourth quarter, the company’s sales finally surpassed 2019 quarterly volume levels—another encouraging sign.
Luke Sharrett—Bloomberg/Getty Images
Lists ranking Sysco
Latest news for Sysco
- LeadershipThe Biggest Challenge Facing Fortune 500 CompaniesJune 3, 2016 1:19 PM UTC
- RetailRecalled Reser’s Salads Were Also Sold as Walmart and Safeway BrandsApril 11, 2016 5:54 PM UTC
- FinanceRegulators just effectively killed another big M&A dealJune 29, 2015 1:37 PM UTC