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Fortune 500

Chris Shinn

57

Sysco

SYY

In mid-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. The failed merger was hard to digest: Sysco had to pay a $300 million break-up fee to walk away from the agreement. And for the first nine months of 2016, sales were flat at $36.7 billion. Sysco also announced a three-year plan in February 2016 to cut 2% of its workforce and invest more aggressively in technology. U.S. Foods, meanwhile, pivoted with a recent initial public offering that raised around $1 billion.

CEO

William J. DeLaney III

Sector

Wholesalers

Industry

Wholesalers: Food and Grocery

HQ Location

Houston, TX

Years on Fortune 500 List

22

Employees

51,700

Figures are for fiscal year ended June 30, 2015.
Sysco is also featured in these fortune lists
Key Financials (last fiscal year)
$ millions% change
Revenues ($M)$48,6814.7%
Profits ($M)$687-26.3%
Assets ($M)$17,989
Total Stockholder Equity ($M)$5,260
Market Value — as of March 31, 2016 ($M)$26,384
Profit Ratios
Profit as % of Revenues1.4%
Profits as % of Assets3.8%
Profits as % of Stockholder Equity13.1%
Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)1.15
EPS % Change (from 2014)-27.2%
EPS % Change (5 year annual rate)-10.4%
EPS % Change (10 year annual rate)-2.4%
Total Return
Total Return to Investors (2015)6.5%
Total Return to Investors (5 year, annualized)10.5%
Total Return to Investors (10 year, annualized)6.1%
STOCK QUOTE
()0.00 0.00 (0)
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  • 52 Week Change %: 0.00
  • P/E Ratio: n/a
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  • Dividend Yield: n/a

News about Sysco

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The deal is one of several that antitrust enforcers have recently rejected as illegal.

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Execs argue that buybacks are a sign of faith in a company's stock, but the data say investors should beware of firms purchasing its own shares.

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