| Business Summary | | Sysco
Corporation
is
the
largest
North
American
distributor
of
food
and
food
related
products
to
the
foodservice
or
"food-prepared-away-from-home"
industry.
Sysco
provides
its
products
and
services
to
approximately
356,000
customers,
including
restaurants,
healthcare
and
educational
facilities,
lodging
establishments
and
other
foodservice
customers.
The
foodservice
industry
consists
of
two
major
customer
segments
-
"traditional"
and
"chain
restaurant."
Traditional
broadline
foodservice
customers
include
restaurants,
hospitals,
schools,
hotels
and
industrial
caterers.
Sysco's
chain
restaurant
customers
include
regional
pizza
and
national
hamburger,
chicken
and
steak
chain
operations.
Services
to
the
Company's
traditional
broadline
foodservice
and
chain
restaurant
customers
are
supported
by
similar
physical
facilities,
vehicles,
materials
handling
equipment
and
techniques,
and
administrative
and
operating
staffs. | More
from
Market Guide: Expanded
Business Description |
| 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
fiscal
year
ended
6/30/01,
sales
increased
13%
to
$21.78
billion.
Net
income
before
accounting
change
increased
32%
to
$596.9
million.
Revenues
reflect
additional
sales
due
to
acquisitions
and
increased
product
prices.
Earnings
also
reflect
a
higher
gross
margin
and
improved
efficiencies. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
5,789,297;
after
tax
earnings
were
174,165. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Charles Cotros, 63 Chairman,
CEO | $3.7M | $437K | Richard Schnieders, 52 Pres,
COO, Director | 1.9M | 327K | John Stubblefield, Jr., 54 Exec.
VP of Fin. and Admin. | 1.4M | 274K | Thomas Lankford, 53 Exec.
VP of Foodservice Operations | 1.6M | -- | Larry Accardi, 51 Exec.
VP, Merchandising Services & Multi-Unit Sales | -- | -- | Dollar amounts are as of 1-July-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|