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 $300 million break-up fee” Sysco’s sales were flat and it worked to reduce costs, including through cuts to its workforce. More recently the company has regained its footing and its fiscal 2017 to date is showing sales growth over the same period the year before.
Company Information
| CEO | William J. DeLaney III |
| Sector | Wholesalers |
| Industry | Wholesalers: Food and Grocery |
| HQ Location | Houston, TX |
| Website | www.sysco.com |
| Years on Global 500 List | 23 |
| Employees | 51,900 |
Key Financials (Last Fiscal Year)
| Revenues ($M) | $50,367 |
| Profits ($M) | $949.6 |
| Assets ($M) | $16,722 |
| Total Stockholder Equity ($M) | $3,480 |
Profit Ratios
| Profit as % of Revenues | 1.9% |
| Profits as % of Assets | 5.7% |
| Profits as % of Stockholder Equity | 27.3% |
