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OFFON

SYSCO CORPORATION

(SYY)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe BZX - 10/22 01:15:18 pm
79.43 USD   -0.25%
10/13SYSCO : Morgan Stanley Adjusts Sysco's Price Target to $90 from $91, Keeps Equalweight Rating
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10/13As You Sow Files Exempt to Solicitation Material to Sysco
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10/04INSIDER SELL : Sysco
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Sysco : Offers New and Innovative Products For Fall 2021 Through Cutting Edge Solutions Platform

09/23/2021 | 08:00am EDT

HOUSTON, Sept. 23, 2021 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE: SYY), the leading global foodservice distribution company, announced today the nationwide launch of eight innovative concepts exclusively for Sysco customers through the company’s Cutting Edge Solutions platform. These chef-tested and exclusive products provide foodservice operators with on-trend menu options such as plant-based ingredients as well as innovative to-go solutions that will help them stand out in the ever-evolving foodservice environment.

“Our Cutting Edge Solutions platform helps our customers stay on-trend and ahead of the competition with new and innovative offerings for dine-in, takeout or delivery while also providing labor saving solutions to support their success in today’s environment,” says Judy Sansone, Sysco’s executive vice president and chief commercial officer.

The Fall 2021 Cutting Edge Solutions products are now available and include:

INNOVATIVE AND TAKEOUT FRIENDLY

Sysco Classic Tamper Evident Fry Containers ensure that your food will arrive in the same condition it left. Perfect for takeout and delivery, these containers feature a cross-ventilation system that helps fried foods stay fresh, crispy, and delicious.

Moisture removing freshness pack, SAVRpak, rapidly removes and traps water condensation from to-go packaging, keeping food crisp and ready to eat. Utilizing the laws of thermodynamics, SAVRpak preserves the integrity of the food keeping it fresher and crisper longer, working great on hot and cold foods, freshly cut fruits, entrée salads, vegetables, burger buns, French fries, pizza, and more.

LABOR SAVINGS

Sysco’s Classic Sous-Vide Sirloin Steak is made from USDA Choice grade beef. This sous-vide product innovation ensures a perfectly cooked steak every time, and helps operators save on labor while delivering a consistent, quality meal experience to their patrons. Sysco Classic Sous-Vide Sirloin Steak allows any foodservice operator to serve steakhouse quality steaks.

COMFORT FOODS 

Sysco’s Imperial Mashup Desserts are a fun, creamy and delicious, thaw-and serve cheesecake that will turn dessert into an experiential occasion with mashups of some favorite flavors, including cotton candy, lemon poppy and apple caramel. These innovative desserts will create Instagram-worthy moments while satisfying patrons’ craving for a bit of sweet nostalgia.

ON-TREND PLANT-BASED INGREDIENTS

Sysco Simply Plant-Based Cauliflower Tortillas are great-tasting, gluten-free, vegan tortillas/wraps free of egg, dairy, and soy. They perform like traditional tortillas and are an excellent alternative for those customers who want to eliminate or limit gluten in their diet.

With a hearty-but-smooth texture, Sysco Simply Plant-Based Sprouted Hamburger Buns are a better-for-you blank canvas for burgers, breakfast sandwiches, bunwiches, and more.

Sysco’s Simply Plant-Based Protein is made of a superfood blend of oats (Pulled Oats), beans and peas. This versatile and unique, ready-to-prepare plant-based protein ingredient easily replaces meat in any dish.

SUSTAINABLE AND ENVIRONMENTALLY FRIENDLY

Sysco’s Earth Plus 100% Recycled Hot Cups are made of 100% post-consumer recycled fiber and it’s also recyclable. These cups feature a unique kraft paper design to help operators appeal to customers looking for more sustainable options to reduce their environmental impact.

Sysco is committed to leveraging leading-edge technology and delivering innovative products that will help foodservice operators be more successful. More information on Cutting Edge Solutions can be found on Sysco Foodie including a Fall 2021 Cutting Edge Solutions Webinar with Sysco’s top chefs.

About Sysco
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 58,000 associates, the company operates 343 distribution facilities worldwide and serves more than 650,000 customer locations. For fiscal 2021 that ended July 3, 2021, the company generated sales of more than $51 billion. Information about our CSR program, including Sysco’s 2020 Corporate Social Responsibility Report, can be found at www.sysco.com/csr2020report.

For more information, visit www.sysco.com or connect with Sysco on Facebook at www.facebook.com/SyscoFoods or Twitter at https://twitter.com/Sysco. For important news and information regarding Sysco, visit the Investor Relations section of the company’s Internet home page at www.investors.sysco.com which Sysco plans to use as a primary channel for publishing key information to its investors, some of which may contain material and previously non-public information. In addition, investors should continue to review our news releases and filings with the SEC. It is possible that the information we disclose through any of these channels of distribution could be deemed to be material information.

Media Contact:
Shannon Mutschler
281-594-4059
Shannon.Mutschler@Sysco.com


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Source: Sysco Corporation

2021 GlobeNewswire, Inc., source Press Releases

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Financials (USD)
Sales 2022 63 628 M - -
Net income 2022 1 743 M - -
Net Debt 2022 8 217 M - -
P/E ratio 2022 23,5x
Yield 2022 2,39%
Capitalization 40 792 M 40 792 M -
EV / Sales 2022 0,77x
EV / Sales 2023 0,72x
Nbr of Employees 58 000
Free-Float 66,8%
Chart SYSCO CORPORATION
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Sysco Corporation Technical Analysis Chart | SYY | US8718291078 | MarketScreener
Technical analysis trends SYSCO CORPORATION
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TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 79,63 $
Average target price 88,00 $
Spread / Average Target 10,5%
EPS Revisions
Managers and Directors
Kevin P. Hourican President, Chief Executive Officer & Director
Aaron E. Alt Chief Financial Officer & Executive Vice President
Edward D. Shirley Executive Chairman
Tom Peck Executive VP, Chief Information & Digital Officer
Sandra G. Carson VP-Enterprise Risk Management & Compliance
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