Global 500

Rank
179
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Sysco

2013 Sysco Annual Report
Chris Shinn
  • Previous Rank
    188
  • Revenues ($M)
    50367
  • Revenue Percent Change
    3.5
  • Profits ($M)
    949.6
  • Profits Percent Change
    38.3
  • Assets ($M)
    16722
  • Employees
    51900

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 Information

CEOWilliam J. DeLaney III
SectorWholesalers
IndustryWholesalers: Food and Grocery
HQ LocationHouston, TX
Websitewww.sysco.com
Years on Global 500 List23
Employees51,900

Key Financials (Last Fiscal Year)

Revenues ($M)$50,367
Profits ($M)$949.6
Assets ($M)$16,722
Total Stockholder Equity ($M)$3,480

Profit Ratios

Profit as % of Revenues1.9%
Profits as % of Assets5.7%
Profits as % of Stockholder Equity27.3%