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SYSCO CORPORATION

(SYY)
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SYSCO CORP : Other Events (form 8-K)

11/15/2021 | 08:05am EST

Item 8.01 Other Events.

In response to investor inquiries, Sysco Corporation is providing further details on volume measurements for U.S. Broadline, a subset of the U.S. Foodservice reportable segment. U.S. Broadline constituted over 90% of the sales of this reportable segment in the first quarter of fiscal 2022. Case volume growth for U.S. Broadline over the last three quarters, as compared to pre-COVID fiscal 2019 levels, was as follows:



  •   First quarter of fiscal 2022 case volume growth declined 4.3%.




     •    Fourth quarter of fiscal 2021 case volume growth was flat. However,
          fiscal 2021 included an extra week, as compared to the same period in
          2019. Adjusting for the extra week, case volume growth declined 7.2%.




  •   Third quarter of fiscal 2021 case volume growth declined 18.8%.




                                     - 2 -

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© Edgar Online, source Glimpses

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