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57 - Sysco

Chris Shinn

In 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. In the wake of the failed deal Sysco had to pay a $300 million break-up fee Sysco’s sales were flat and it worked to reduce costs, including through cuts to its workforce. More recently the company has regained its footing and its fiscal 2017 to date is showing sales growth over the same period the year before.

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Key Metrics & Financials (Last Fiscal Year)

Revenues ($M)$50367
Revenue Percent Change3.5%
Profits ($M)$949.6
Profits Percent Change38.3%
Assets ($M)$16722
Market Value — as of March 31, 2017 ($M)$28,048
Employees51,900
Previous Rank57

Company Facts

Employees51,900
SectorWholesalers
IndustryWholesalers: Food and Grocery
HQ LocationHouston, TX
CEOWilliam J. DeLaney III
CEO Title-
Websitewww.sysco.com
Years on Fortune 500 List23

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