Sysco Corp. stock rises Tuesday, still underperforms market

On August 7, 2024, Sysco Corporation's stock increased by 0.76%, reaching $75.19. Although this rise allowed Sysco to outperform the S&P 500 Index and the Dow Jones Industrial Average, the stock remains $7.70 below its 52-week high of $82.89, achieved on February 2nd. Additionally, Sysco's trading volume was significantly lower than its 50-day average, indicating a potential lack of investor interest compared to previous periods.

Sysco Corporation

Sysco Corporation is the global leader in selling, marketing, and distributing food and non-food products to a wide range of customers in the foodservice industry, including restaurants, healthcare and educational facilities, and lodging establishments. The company operates through four business groups: Broadline, Specialty Companies, International, and SYGMA, offering a full line of food products and a variety of non-food products, with a focus on local customer service and specialized offerings.

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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 74,000 colleagues, the company operates 334 distribution facilities worldwide and serves approximately 725,000 customer locations. For fiscal year 2023 that ended July 1, 2023, the company generated sales of more than $76 billion. Information about our Sustainability program, including Sysco’s 2022 Sustainability Report and 2022 Diversity, Equity & Inclusion Report, can be found at www.sysco.com.

Sysco

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products primarily to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments. The company distributes frozen foods, such as meats, seafood, fully prepared entrées, fruits, vegetables, and desserts; canned and dry foods; fresh meats and seafood; dairy products; beverage products; imported specialties; and fresh produce. It also supplies various non-food items, including paper products comprising disposable napkins, plates, and cups; tableware consisting of China and silverware; cookware, which include pots, pans, and utensils; restaurant and kitchen equipment and supplies; and cleaning supplies. The company serves restaurants, hospitals and nursing homes, schools and colleges, hotels and motels, industrial caterers, and other foodservice venues. As of August 27, 2021, it operated 343 distribution facilities. Sysco Corporation was incorporated in 1969 and is headquartered in Houston, Texas.

COM:SYSCO

Sysco Corporation

Last Close

75.08

22/11 21:00

Market Cap

34.68B

Beta: -

Volume Today

2.47M

Avg: -

Analysis Not Available