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  • Previous Rank229
  • Revenues ($M)$48,681
  • Revenue Percent Change4.7%
  • Profits ($M)$687
  • Profits Percent Change-26.3%
  • Assets ($M)$17,989
  • Employees51,700

In mid-2015, food distributor Sysco called off a planned $3.5 billion merger with U.S. Foods. Regulators killed the deal as the Federal Trade Commission filed a lawsuit that said it would have given the combined company 75% of the national market for distribution services. The failed merger was hard to digest: Sysco had to pay a $300 million break-up fee to walk away from the agreement. And for the first nine months of 2016, sales were flat at $36.7 billion. Sysco also announced a three-year plan in February 2016 to cut 2% of its workforce and invest more aggressively in technology. U.S. Foods, meanwhile, pivoted with a recent initial public offering that raised around $1 billion.

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Company Information

CEO
William J. DeLaney III
Sector
Wholesalers
Industry
Wholesalers: Food and Grocery
HQ Location
Houston, TX
Employees51,700
Websitehttp://www.sysco.com
Years on Global 500 List22
Figures are for fiscal year ended June 30, 2015.

Sysco Rank History

Key Financials (last fiscal year)

($ Millions)% change
Revenues ($M)$48,6814.7%
Profits ($M)$687-26.3%
Assets ($M)$17,989-
Total Stockholder Equity ($M)$5,260-

Profit Ratios

Profit as % of Revenues1.4%
Profits as % of Assets3.8%
Profits as % of Stockholder Equity13.1%