Sysco - SYY STOCK NEWS

Sysco (NYSE:SYY) has announced it will host a conference call and webcast to discuss its second quarter fiscal year 2025 financial results on Tuesday, January 28, 2025, at 10 a.m. EDT. The company will release financial results and post a slide presentation before the call on its investor relations website.

As background context, Sysco is the global leader in food product distribution to foodservice establishments, operating 340 distribution facilities worldwide with 76,000 colleagues and serving approximately 730,000 customer locations. The company generated sales exceeding $78 billion for fiscal year 2024, which ended June 29, 2024.

Sysco (NYSE:SYY), the world's largest food distributor, has announced a strategic partnership with Square to enhance restaurant operations through technology solutions. The collaboration, part of Sysco's Restaurant Solutions program, will provide restaurant customers with processing fee rebates and hardware credits when enrolling through Sysco.

The partnership aims to help restaurants optimize their business performance and increase profitability through Square's technology suite, which includes tools for online ordering, website design, and digital marketing. Sysco customers will receive additional benefits including hardware discounts and custom pricing as part of this initiative.

Sysco Chef Tse Richmond from the Pacific Northwest Region recently appeared on the Menu Talk Podcast with Pat Cobe, sharing valuable insights for restaurant operators. The discussion covered her culinary journey, Fall 2024 Cutting Edge Solutions highlights, and emerging plant-forward trends. Chef Richmond also provided expertise on enhancing menus using Spiceology spices and discussed how artificial intelligence can boost creativity in restaurant operations.

During Purpose Month in November, Sysco employees demonstrated significant community engagement through various volunteering initiatives. Over 5,000 colleagues contributed more than 20,000 volunteer hours in total. Notable activities included the Houston team packing 10,000 lunches for Kids' Meals, Inc., and the Brakes UK team assembling 6,000 goody bags for Meals & More in under two hours. These efforts aligned with Sysco's core purpose of connecting the world to share food and care for one another, focusing on strengthening local communities through acts of service.

Sysco celebrates its 25-year partnership with Share Our Strength, having contributed over $9 million to combat childhood hunger. As part of Sysco's Global Good Goal, the company has provided volunteer support and product donations to No Kid Hungry events. The partnership coincides with Share Our Strength's 40th anniversary, highlighting Sysco's commitment beyond monetary contributions through culinary fundraising support and assistance to schools during pandemic challenges.

Sysco has launched its annual Global Purpose Month in November, setting an ambitious target of 20,000 volunteer hours. The company's teams will focus on fighting hunger through meal packing initiatives and partnerships with local food charities. This effort aligns with Sysco's Global Good Goal and its core purpose of connecting the world to share food and care for one another. The initiative includes both on-site and community-based volunteer activities across their global operations.

Sysco (NYSE:SYY) has announced a quarterly cash dividend of $0.51 per share, payable on January 24, 2025, to stockholders of record as of January 3, 2025. The company, a global leader in food product distribution, serves approximately 730,000 customer locations through 340 distribution facilities worldwide, employing over 76,000 colleagues. For fiscal year 2024, ending June 29, 2024, Sysco generated sales exceeding $78 billion.

Sysco (NYSE:SYY), the world's largest food distributor, has donated 2,500 turkeys and $10,000 to City Harvest, New York's first and largest food rescue organization. The donation is part of Sysco's Nourishing Neighbors® program, which allocates a portion of proceeds from Sysco branded case sales to local charitable organizations. Sysco Metro New York employees are volunteering at the Child Development Support in Brooklyn to distribute turkeys. The initiative comes as food assistance needs in New York City have increased 82% compared to pre-pandemic levels, with about 50% of working-age households struggling financially.

Sysco (NYSE:SYY) has made significant charitable contributions to Three Square Food Bank in Las Vegas. The company donated 2,500 turkeys and presented a $10,000 check through its Nourishing Neighbors® program. As part of Sysco's Purpose Month, employees volunteered to pack 250 shelf-stable packages, 250 produce bags, and 1,200 Meals on Wheels senior bags. In Fiscal 2024, Sysco Las Vegas has already contributed nearly 33,000 meals to Three Square Food Bank, supporting their mission to address food insecurity affecting one in seven Southern Nevadans.