Sysco, once a force in foodservice distribution, is now struggling to keep pace with rivals as missed sales expectations raise concerns about its strategies. Competitive weaknesses suggest that, without meaningful change, Sysco’s lackluster stock performance could continue.
The 72-year-old organization recently unveiled a rebrand in a new video that retraces its history and reflects the changes seen in the food-away-from-home category since the pandemic.
Despite declining restaurant traffic, major foodservice distributors reported strong performances in Q2. They remain confident in their strategies, including making long-term investments.
2022 was a strong year for food and beverage stocks – and particularly the biggest manufacturers in the industry. On average, including dividends, General Mills, Kraft Heinz, Campbell Soup, Kellogg, and Conagra Brands returned 22.6%. …
Sysco Corp.’s fiscal second-quarter results came in below analysts’ estimates on pandemic-related constraints, with the Houston-based food distributor posting adjusted earnings of $0.17 per share, well under the Zacks consensus estimate of $0.35 per share …
Nearly a quarter of the U.S. population are trying new plant-based meat alternatives, according to a study from Herbalife Nutrition. Since the pandemic, buying spree sales of plant-based foods are up 35% as more Americans …
When it comes to foodservice distributors’ results, the U.S. looks to the big three, and Sysco Foods (SYY), Performance Food Group (PFGC) and US Foods (USFD) all reported quarterly earnings this past week. There is …
