In 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. In the wake of the failed deal Sysco had to pay a $300 million break-up fee Sysco's sales were flat and it worked to reduce costs, including through cuts to its workforce. More recently the company has regained its footing and its fiscal 2017 to date is showing sales growth over the same period the year before.
Company Info
| CEO | William J. DeLaney III |
| CEO Title | Chief Executive Officer & Director |
| Sector | Wholesalers |
| Industry | Wholesalers: Food and Grocery |
| HQ Location | Houston, TX |
| Website | www.sysco.com |
| Years on Fortune 500 List | 23 |
| Employees | 51,900 |
Key Financials (Last Fiscal Year)
| Revenues ($M) | $50,367 |
| Profits ($M) | $949.6 |
| Assets ($M) | $16,722 |
| Total Stockholder Equity ($M) | $3,480 |
| Market Value — as of March 31, 2017 ($M) | $28,048 |
Profit Ratios
| Profit as % of Revenues | 1.9% |
| Profits as % of Assets | 5.7% |
| Profits as % of Stockholder Equity | 27.3% |
Earnings Per Share (Last Fiscal Year)
| Earnings Per Share ($) | 2 |
| EPS % Change (from 2015) | 42.6% |
| EPS % Change (5 year annual rate) | -3.5% |
| EPS % Change (10 year annual rate) | 1.9% |
Total Return
| Total Return to Investors (2016) | 38.7% |
| Total Return to Investors (5 year, annualized) | 17.2% |
| Total Return to Investors (10 year, annualized) | 7.6% |
