US Foods is eyeing a blockbuster merger with Performance Food Group, aiming to dominate the independent restaurant channel and outpace Sysco. But with steep costs and FTC hurdles, the deal’s anything but a sure thing.
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.
At a recent International Foodservice Distributors Association (IFDA) event, stakeholders considered AI’s industry impact. Topics included supply chain dynamics, tech-enabled safety measures, and the need for in-person connectivity.
Despite declining restaurant traffic, major foodservice distributors reported strong performances in Q2. They remain confident in their strategies, including making long-term investments.
Get to know the men and women behind the scenes of foodservice distribution in a new, limited series from The Food Institute Podcast called “Foodservice Gamechangers.”
Sysco SVP and chief merchandising officer Victoria Gutierrez discusses the importance of fostering a growth mindset.
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%. …
More than 500 foodservice leaders met in Greater Phoenix this week, to consider solutions for industry issues like the ongoing labor shortage and supply chain snags.
(Updated Nov. 11, 2021 with Sysco Q3 numbers) Prices for supplies from foodservice distribution giants US Foods and Sysco rose 11.5% and 13.4% respectively during the third quarter but had little effect on soaring demand …
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 …
Food Institute Focus – Strategic Changes at Food Distributors
