Free Historical Stock Data on Sysco Corporation
Stock Symbol: SYY
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Sysco Corp. is a North American distributor of food and food related products to the foodservice or food-prepared-away-from-home industry. The Company provides its products and services to restaurants, healthcare and educational facilities, lodging establishments and other foodservice customers. Sysco provides food and other products through its 124 operating companies. Each of Sysco's operating companies generally represents a separate operating segment. The Company has aggregated its operating companies into five segments, of which only Broadline and Sygma are reportable segments. Broadline operating companies distribute a full line of food products and a wide variety of non-food products to both the Company's traditional and chain restaurant customers. Sygma operating companies distribute a full line of food products and a wide variety of non-food products to some of the Company's chain restaurant customer locations.
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 6/29/02, sales increased 7% to $23.35 billion. Net income increased 14% to $679.8 million. Revenues benefited from acquisitions, the progress of C.A.R.E.S program, and the continuing recognition by customers of SYSCO brand products. Earnings also reflect lower interest expenses.