SYSCO CORP

Sysco Corporation

Core business

Sysco is a global leader in selling, marketing, and distributing food and related products to customers who prepare meals away from home. Its customer base includes restaurants, healthcare facilities, educational institutions, lodging, and entertainment venues. The company emphasizes delivering a full line of food products plus a broad assortment of non-food items to support foodservice operations.

Products and services

• Food products (branded and private-label):
  • Frozen foods (meats, seafood, entrées, fruits, vegetables, desserts)
  • Canned and dry goods
  • Fresh meats and seafood
  • Dairy
  • Beverages
  • Imported specialties
  • Fresh produce
• Non-food items:
  • Paper products (napkins, plates, cups)
  • Tableware (glassware, silverware)
  • Cookware (pots, pans, utensils)
  • Restaurant and kitchen equipment and supplies
  • Cleaning supplies
• Private brands and Sysco-branded products manufactured to Sysco specifications with quality oversight
• Ancillary services:
  • Product usage reports and data
  • Menu planning advice
  • Food safety training
  • Inventory control assistance
  • Access to third-party services

Segments and geographic footprint

• Reportable segments:
  • U.S. Foodservice Operations (including U.S. Broadline and U.S. Specialty operations such as FreshPoint, Buckhead | Newport Meat & Seafood, Italian Specialty platform, Edward Don, and Asian specialty)
  • International Foodservice Operations (Canada, Bahamas, Costa Rica, Panama, U.K., France, Ireland, Sweden, and other markets)
  • SYGMA (U.S. customized distribution to certain quick-service and chain locations)
  • Other (primarily hotel supply and related operations under Guest Worldwide)
• Primary geographic focus in North America and Europe, with operations in countries including Bahamas, Belgium, Canada, Costa Rica, France, Ireland/Northern Ireland, Panama, Sweden, United Kingdom, and the United States and territories
• Distribution to restaurants, healthcare facilities, schools and colleges, hotels, and other foodservice venues

Customers and market position

• Customer mix by spend (past three fiscal years):
  • Restaurants: 59%
  • Education/government: 8%
  • Healthcare: 8%
  • Travel and leisure: 7%
  • Other: 18%
• No single customer accounted for 10% or more of total sales in fiscal 2026
• Estimated U.S. market share: about 18% of the approximately $377 billion annual U.S. foodservice market (Technomic estimate for calendar 2025); the market is projected to reach $390 billion by the end of 2026
• Foodservice management (FSM) sector sales represented 8% of total sales in both fiscal 2026 and 2025
• Serves a large number of customers across its segments

Operations and infrastructure

• Distribution network:
  • 333 distribution facilities across North America and Europe (as of June 27, 2026)
  • Total distribution square footage: 58,656,255 sq ft
  • Owned facilities: about 37,312,000 sq ft (63.6% of total); remainder leased
• Facility presence in Bahamas, Belgium, Canada, Costa Rica, France, Ireland/Northern Ireland, Panama, Sweden, United Kingdom, United States and territories
• Transportation and fleet:
  • Approximately 19,000 delivery vehicles (tractor-trailer, vans, panel trucks)
  • About 88% of vehicles are owned; the remainder leased
• Headquarters: 634,000 sq ft headquarters complex in Houston, Texas (owned)

People and culture

• Employees: approximately 75,000 as of June 27, 2026 (52,000 in the U.S.; 23,000 outside the U.S.)
• U.S. workforce composition: about 99% of U.S.-based employees work full-time (30+ hours/week)
• Union representation: about 14% of U.S. employees and 22% of international employees are covered by collective bargaining agreements subject to renegotiation in fiscal 2027
• Focus areas: talent acquisition, development, inclusion, and total rewards/benefits

Financial context

• Annual sales reached an all-time high of $84.6 billion in fiscal 2026
• Capital expenditures (net of asset disposals):
  • 2026: $524 million (0.6% of sales)
  • 2025: $692 million (0.9% of sales)
  • 2024: $753 million (1.0% of sales)
• Capital investments have been financed historically by internally generated funds and by bank and other borrowings
• Ongoing transactions (for example, the planned merger with Jetro Restaurant Depot) are discussed in the context of acquisitions and related financing

Strategy

• Growth priorities include expanding into new markets and complementary lines of business, strengthening procurement capabilities, expanding private-label offerings, and pursuing acquisitions to broaden geographic reach and product assortment
• Ongoing evaluation of capital allocation, working capital management, and supplier relationships to support broad product lines and service capabilities