Skip to Content
The coronavirus chewed through Sysco’s core grub-supplying business as restaurants around the world shuttered last year. Revenues for Sysco, America’s biggest wholesale food distributor, fell 12% year on year to $52.9 billion, a decline that caused it to slide 20 places in the Global 500 rankings. COVID-19 took a bite out of profits, too, causing a stomach-churning 87% drop to $215 million. The Houston, Texas-based company pivoted amid pandemic-related closures to help its eatery customers offer alternative options, like takeout-meal kits and contactless menus. But Sysco’s financial prospects are mostly tied to people’s desire to dine out again as the economy reopens.
Luke Sharrett—Bloomberg via Getty Images
Lists ranking Sysco
RANK199
Global 500 - 2021Total revenue for the world’s biggest companies fe...READ MOREview in list
RANK60
Fortune 500 - 2021This year’s Fortune 500 marks the 67th running of ...READ MOREview in list