Management Conference call with Sysco

Monday May 09, 2016

Please submit your REQUEST to participate in a management conference call with:

  • Joel Grade, Chief Financial Officer
  • Neil Russell, VP Investor Relations

Date: Monday, May 9, 2016 at 10:30AM ET

Details:

  • Sysco distributes food and related products to more than 425,000 customers in the U.S., Bahamas, Canada, and Ireland. In February, Sysco acquired the Brakes Group, a leading European foodservice distributor with operations in the United Kingdom, Ireland, France, Sweden, Spain, Belgium and Luxembourg. According to FactSet, Sysco is projected to generate FYE’16 sales of $50B, and EPS of $1.96.

  • We expect to hear about merchandising trends within food categories and by customer types, as well as get an update on food inflation/deflation trends.

  • We anticipate an update on mobility/e-commerce initiative and its broader roll-out.

  • Recently, Sysco discussed its three-year growth strategy. This strategy intends to leverage technology, along with reduction in expenses and improvement in productivity to grow operating income from about $400MM to at least $500MM by FYE’18. On the call, we expect to get additional details on these initiatives.

Please submit your request by clicking HERE