SYSCO Corporation
Industry: Retail (Grocery)

SYSCO is the largest foodservice marketing and distribution organization in North America. Generating sales of approximately $22.6 billion for calendar year 2001, the company provides products and services to about 400,000 customers, including restaurants, healthcare and educational facilities, lodging establishments and other foodservice operations. The SYSCO distribution network, supported by more than 46,000 employees, currently extends throughout the entire United States and Canada.

Business Summary
SYSCO Corporation (SYSCO) is an American distributor of food and related products primarily to the foodservice or food-prepared-away-from-home industry. SYSCO provides its products and services to approximately 400,000 customers, including restaurants, healthcare and educational facilities, lodging establishments and other foodservice customers. Products distributed by the company include a full line of frozen foods, such as meats, fully prepared entrees, fruits, vegetables and desserts, and a full line of canned and dry foods, fresh meats, imported specialties and fresh produce. The company also supplies a wide variety of non-food items, including paper products, such as disposable napkins, plates and cups; tableware, such as china and silverware; restaurant and kitchen equipment and supplies, and cleaning supplies. In April 2004, SYSCO acquired Overton Distributors, Inc., in May 2004, it acquired International Food Group, Inc. and in December 2004, it acquired Robert's Foods.

Financial Summary
SYSCO Corporation is engaged in the marketing and distribution of a wide range of food and related products to the foodservice industry. For the FY ended 7/2/05, net sales increased 3% to $30.28B. Net income rose 6% to $961.5M. Revenues reflect increases in sales prices and unit volumes shipped. Earnings also reflect improved operating efficiencies and the recognition of adjustment of the carrying value of life insurance assets.