Industry: Grocery Stores
Fortune Rank: 55
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.
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.
SYSCO Corporation is a Fortune 500 company. In 2010 SYSCO Corporation was ranked number 55 on the Fortune 500 list, making it the 55th largest company in the United States when judged by revenue.
SYSCO Corporation achieved revenue of $36,853.30 million in 2010 and earned a profit of $1,055.90 million.
SYSCO Corporation' rank improves
The company ranking improved in 2010, moving up the Fortune 500 list to 55th compared to 62nd in 2009. This was based on its 2009 revenue of $37,522 million (a change of -1 million compared to 2010) and profits of $1,106 million (a change of $0 million compared to 2009).
Another point of view
To many investors, profits are more important than the revenue a company earns. If the Fortune 500 was ranked by profits instead of revenue then SYSCO Corporation would be ranked 126th rather than 55th due to its profits of $1,056 in 2010.
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