Sysco Stock Price, News & Analysis

Sysco Corporation (NYSE:SYY) announced a quarterly cash dividend of $0.45 per share. This dividend will be paid on April 23, 2021, to stockholders of record as of April 1, 2021. With a workforce of over 57,000 associates, Sysco operates 326 distribution facilities globally, serving more than 625,000 customer locations. For the fiscal year ending June 27, 2020, Sysco generated over $52 billion in sales.

Sysco Corporation (NYSE:SYY) introduces nine new products via its Cutting Edge Solutions platform, enhancing its offerings for foodservice operators. Key innovations include plant-based vegetable pastas and labor-saving chicken concepts, designed to improve operational efficiency. The products also emphasize sustainability with eco-friendly items like microfiber towels and agave straws. Sysco aims to help foodservice operators differentiate their menus amidst a challenging market environment and provide enhanced solutions to boost profitability.

Sysco Corporation (NYSE:SYY) will present at the CAGNY 2021 Conference on February 16 at 12:30 p.m. ET. The event will be available via live webcast at investors.sysco.com, with an archived replay accessible after the event. Sysco, a leader in food distribution, reported over $52 billion in sales for fiscal 2020 and serves more than 625,000 customers globally.

Sysco Corporation (NYSE: SYY) has purchased over 21,000 gift cards worth more than $525,000 to support its restaurant customers during the pandemic. These $25 gift cards are given to Sysco's frontline associates as a token of appreciation for their dedication. This initiative is part of Sysco's broader commitment to assist the restaurant industry, which includes eliminating minimum order sizes for deliveries and offering marketing support through its Foodie Solutions platform. Sysco aims to bolster cash flow for its clients and demonstrate gratitude towards its employees.

Sysco Corporation (NYSE:SYY) will hold a conference call on February 2, 2021, at 10 a.m. Eastern to discuss its second quarter fiscal year 2021 financial results. Interested parties can listen online at investors.sysco.com. A replay will be accessible shortly after the call. The company aims to communicate key information via its investor relations website, which may include material non-public information. Sysco, a leader in food distribution, reported over $52 billion in sales for fiscal 2020.

Sysco Corporation (NYSE: SYY) announced the launch of four new toolkits aimed at enhancing restaurant operations during winter trends and events. These include the Valentine’s Day, Wholesome Dining, Seafood, and Greatest Game toolkits, which provide actionable insights for boosting revenue and enhancing customer experiences. The Valentine’s Day Toolkit offers virtual meal kits and dessert ideas, while the Wholesome Dining Toolkit focuses on health-conscious menu options. The Seafood Toolkit aims to leverage the 20% increase in seafood sales during spring, and the Greatest Game toolkit adapts tailgating to home celebrations.

Sysco Corporation (NYSE: SYY) has appointed Tom Peck as executive vice president and chief information and digital officer, effective Jan. 4, 2021. Peck will spearhead Sysco's digital transformation initiatives and modernize its technology infrastructure. He brings over 20 years of experience from Ingram Micro, AECOM, and other global firms. Sysco's president Kevin Hourican expressed confidence in Peck's ability to enhance customer engagement technologies and drive sales growth.