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Sysco Corporation (SYY)

NYSE - Nasdaq Real Time Price. Currency in USD
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61.89-0.12 (-0.19%)
At close: 3:59PM EDT

61.85 -0.04 (-0.06%)
After hours: 4:03PM EDT

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Trade prices are not sourced from all markets
Previous close62.01
Open63.08
Bid62.13 x 1000
Ask62.03 x 800
Day's range61.77 - 63.48
52-week range26.00 - 85.98
Volume1,875,705
Avg. volume3,129,214
Market cap31.473B
Beta (5Y monthly)1.21
PE ratio (TTM)147.36
EPS (TTM)0.42
Earnings date02-Nov-2020 - 06-Nov-2020
Forward dividend & yield1.80 (2.90%)
Ex-dividend date01-Oct-2020
1y target est66.50
  • GlobeNewswire

    Sysco’s Cutting Edge Solutions Provide On-Trend Products to Help Foodservice Operators Entice Patrons Eager to Dine Out

    HOUSTON, Sept. 28, 2020 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE: SYY), the leading global foodservice distribution company, announced today the nationwide launch of ten exciting menu concepts exclusively for Sysco customers through the company’s Cutting Edge Solutions platform. These chef-tested and innovative products are being launched to help foodservice operators with on-trend dining options as they enter a new normal phase of restaurant dining amidst the global pandemic. Designed to help Sysco’s customers stay ahead of their competition, Cutting Edge Solutions products are sourced from best-in-class suppliers at the forefront of innovation. Each offering meets important dining trends such as comfort foods, outdoor and patio dining, takeout-friendly, better-for-you ingredients as well as versatility and labor-saving solutions. Cutting Edge Solutions products help operators easily update their menus while also enabling streamlined back-of-house operations.“Our Cutting Edge Solutions platform helps our customers succeed in today’s rapidly evolving foodservice environment where people are dining in new and different ways,” said Brian Todd, Sysco’s senior vice president of merchandising and marketing. “By understanding changing consumer behaviors, we can connect foodservice operators with the products and solutions needed to meet these changes successfully. Cutting Edge Solutions are even more critical during these challenging times, to help operators continue to evolve their business, drive increased dining traffic and launch new revenue streams.”COMFORT FOODS & OUTDOOR DINING As COVID-19 has disrupted the way we work, socialize and enjoy leisure activities, people are craving familiarity and comfort in all they do – including how they eat. Comfort foods are king when it comes to enticing diners and are also easy to add to a new or revamped patio menu. A comfortable outdoor dining environment goes hand-in-hand with an updated patio menu, and Sysco offers equipment to provide the comfort of indoors with the outdoor ambience diners want, including heaters, wind breaks and fire pits.ARREZZIO IMPERIAL LUXE RAVIOLI With on-trend and upscale flavor profiles that include goat cheese & lemon, braised beef and burrata cheese, this lighter, thinner, more delicate version of ravioli cooks in minutes and helps deliver a unique meal experience.SYSCO IMPERIAL PIMENTO CHEESE BITES These crave-worthy bites meet the consumer demand for cheese-based appetizers, add a popular flavor profile to entrées or make a unique pairing with craft beer or your favorite cocktail.SYSCO IMPERIAL DESSERT MASHUPS Fun, creamy and delicious, these thaw-and serve cheesecakes will turn dessert into an experiential occasion with mashups of some favorite flavors, including state fair-themed inspirations such as cotton candy and candy apple. These innovative desserts will create Instagram-worthy moments while satisfying patrons’ craving for a bit of sweet nostalgia.SIMPLOT® JUNIOR CUT SIDEWINDERS™ FRIES Great for a topping or for soaking up sauces and dips, these smaller-sized, fun curvy fries are coated with a special batter that provides superior flavor and longer-lasting crispy crunch.TYSON® BONELESS THIGH WINGS These thigh meat wings have the appearance and moist, tender qualities of bone-in wings yet are completely boneless. Toss them in a signature BBQ or Buffalo sauce for a crowd-pleasing entrée or appetizer.BETTER FOR YOU INGREDIENTS In this rapidly changing environment, people are also looking for balance. The Sysco Brand Cutting Edge Solutions line of products includes several better-for-you offerings for diners prioritizing their health or seeking “food-as-medicine” options to balance with their comfort food indulgences. These options include plant-based items from Sysco Simply, Sysco’s lifestyle brand designed to help foodservice operators meet growing consumer demand for flexible and customized menu choices.SYSCO SIMPLY PLANT-BASED PROTEIN Made of a superfood blend of oats (Pulled OatsTM), beans and peas, this versatile and unique, ready-to-prepare plant-based protein ingredient easily replaces meat in any dish.SYSCO SIMPLY PLANT-BASED SPROUTED GRAIN BREADS Available in oat grain and wheatberry, these whole grain breads are plant-based with no artificial ingredients and add a delicious, nutty and earthy flavor to sandwich, breakfast and brunch offerings.SYSCO SIMPLY PLANT-BASED VEGAN CORNETTOS These Italian croissants are certified vegan and make for a great addition to a breadbasket, sandwich, or served on their own with sweet or savory spreads. Try them in savory or elderberry and raspberry flavors.SYSCO CLASSIC FULLY COOKED CHICKEN SKEWERS These convenient, heat-and-serve, flame-grilled chicken skewers are available in halal breast or thigh options and piri-piri breast style. These products are also great for to-go applications and meet trending ethnic street food options.LABOR SAVINGS Convenience products are critical as operators seek to reduce costs and ensure their kitchen staff operate efficiently in a lean environment. In addition to the sous-vide sirloin steak option below, many of our place-and-bake pastries and prepared desserts provide time-saving options while delighting guests.SYSCO CLASSIC SOUS-VIDE SIRLOIN STEAK Made from USDA Choice grade beef, this sous-vide product innovation ensures a perfectly cooked steak every time, and helps operators save on labor while delivering a consistent, quality meal experience to their patrons. Sysco Classic Sous-Vide Sirloin Steak allows any foodservice operator to serve steakhouse quality steaks.At Sysco, being a partner means that we are there for our customers during all the seasons of their business, and we have never been prouder than to stand with our customers during the pandemic as they work to feed their communities. It also means that we continue to serve up innovative products and solutions that will help foodservice operators be more successful.About Sysco Sysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Its family of products also includes equipment and supplies for the foodservice and hospitality industries. With more than 57,000 associates, the company operates 326 distribution facilities worldwide and serves more than 625,000 customer locations. For fiscal 2020 that ended June 27, 2020, the company generated sales of more than $52 billion. Information about our CSR program, including Sysco’s 2019 Corporate Social Responsibility Report, can be found at www.sysco.com/csr2019report.For more information, visit www.sysco.com or connect with Sysco on Facebook at www.facebook.com/SyscoCorporation or Twitter at https://twitter.com/Sysco. For important news and information regarding Sysco, visit the Investor Relations section of the company’s Internet home page at investors.sysco.com, which Sysco plans to use as a primary channel for publishing key information to its investors, some of which may contain material and previously non-public information. Investors should also follow us at www.twitter.com/SyscoStock and download the Sysco IR App, available on the iTunes App Store and the Google Play Market. In addition, investors should continue to review our news releases and filings with the SEC. It is possible that the information we disclose through any of these channels of distribution could be deemed to be material information. Media contact:  Shannon Mutschler 281-584-4059 mutschler.shannon@corp.sysco.com

  • Sysco Rolls Out Foodie Solutions to Aid Foodservice Demand
    Zacks

    Sysco Rolls Out Foodie Solutions to Aid Foodservice Demand

    Sysco (SYY) launches Foodie Solutions platform to help foodservice operators as well as its customers amid the coronavirus outbreak.

  • GlobeNewswire

    Sysco Launches Foodie Solutions™ to Equip Customers With Innovative Tools to Navigate Pandemic

    Comprehensive Platform Provides Array of Resources to Help Operators Drive Traffic and Grow RevenueHOUSTON, Sept. 10, 2020 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE: SYY) today announced the launch of Foodie Solutions, an innovative platform created to support foodservice operators in today’s rapidly changing business climate.  With its broad-based perspective from supporting restaurants and other foodservice operators across the country, Sysco identified the most essential tools to help customers respond quickly to shifting business requirements and trends resulting from the COVID-19 pandemic. Foodie Solutions’ comprehensive suite of toolkits is designed to help operators drive traffic, generate revenue and grow their business as they navigate the current environment.Foodie Solutions features carefully curated toolkits focused on safely implementing vital strategies for meeting increased demand for delivery and alternative dining options. These toolkits include: * Virtual Kitchens – Recommendations for serving customers solely through online and phone orders without a brick and mortar concept or dining room; * Grab & Go Foods - A guide to offering pre-made meals and signature dishes; * Family Style Meal Kits – Solutions to help customers save time and enjoy an at home experience; and * Patio Dining – Strategies to revamp customers’ outdoor dining experiences.  By deploying these tools within their existing operations, restaurateurs can chart new, innovative courses to drive traffic and optimize profitability. Foodie Solutions also supports customers beyond the day-to-day needs of running the business, providing resources focused on long-term operational strategies with scalable tools that help operators succeed in the “new normal.”“Throughout the COVID-19 pandemic, we’ve stood by foodservice operators across the country as they wrestled with unprecedented challenges to their businesses. With our unique perspective as a nationwide supplier to the industry, we’ve identified and already begun to implement proven strategies restauranteurs can use to meet their rapidly changing needs,” said Greg Keller, senior vice president of sales and chief customer officer. “Today, we are proud to launch Foodie Solutions, which provides resources designed to assist customers ‘where they are’ – no matter which stage of reopening they are in. Our customers can count on us to provide solutions to propel innovation and longevity through this current crisis and into the future.”Additional Foodie Solutions toolkit contents include: * Tailgating – Everything restaurants need to market and capitalize on game day events; * Raising the Bar – Simple and profitable foodservice solutions for bar operators; * Back to School – Suggestions for prepackaged and ready-to-go meals with kid (and parent) approved recipes; * Kitchen to Kitchen – Meal prep kits designed to provide customers curated culinary experiences in the comfort of their home; and * Curbside and Takeout - How to maximize takeout and delivery, whether in-house or through a third-party delivery partner.Sysco customers also receive exclusive value-added services through Sysco’s iCARE partner program and Sysco Marketing Concierge, which allow customers to easily navigate our available resources and gain access to customer and sales webinars. More information about Foodie Solutions can be found on the Sysco Foodie website.About Sysco Sysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Its family of products also includes equipment and supplies for the foodservice and hospitality industries. With more than 57,000 associates, the company operates 326 distribution facilities worldwide and serves more than 625,000 customer locations. For fiscal 2020 that ended June 27, 2020, the company generated sales of more than $52 billion. Information about our CSR program, including Sysco’s 2019 Corporate Social Responsibility Report, can be found at www.sysco.com/csr2019report.For more information, visit www.sysco.com or connect with Sysco on Facebook at www.facebook.com/SyscoCorporation or Twitter at https://twitter.com/Sysco. For important news and information regarding Sysco, visit the Investor Relations section of the company’s Internet home page at investors.sysco.com, which Sysco plans to use as a primary channel for publishing key information to its investors, some of which may contain material and previously non-public information. Investors should also follow us at www.twitter.com/SyscoStock and download the Sysco IR App, available on the iTunes App Store and the Google Play Market. In addition, investors should continue to review our news releases and filings with the SEC. It is possible that the information we disclose through any of these channels of distribution could be deemed to be material information. For more information contact:Shannon Mutschler Media Contact Mutschler.Shannon@corp.sysco.com T: 281-584-4059