Latest news with #Sysco
Bloomberg
27-05-2025
- Business
- Bloomberg
Inside the Test Kitchens Helping Restaurants Navigate the Trade War
On a recent weekday morning in downtown Chicago, chefs inside a test kitchen prepared a five-course meal featuring tostada verde with jalapeño gouda and trout on focaccia. The chefs usually cook these spreads to help customers of Sysco Corp., the largest US restaurant supplier, create or tweak menu items. These days, they're also coaching eateries on substitutes for imported ingredients hit by President Donald Trump's tariffs. That's why the gouda cheese came from Wisconsin instead of Europe. So, too, did the fish, which might otherwise have been imported from Asia.
Irish Times
27-05-2025
- Business
- Irish Times
Admin expenses see profits at distributor Sysco Foods Ireland dip more than 23%
Irish food service distributor Sysco Foods Ireland saw its profits dip by more than 23 per cent last year as administrative expenses increased. Sysco sells, markets and distributes food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Its products in Ireland also include equipment and supplies for the food service and hospitality industries. The company's latest set of accounts filed with the Companies Registration Office, which cover the financial period from July 2nd, 2023, to June 29th, 2024, show it made a profit before tax of €23.8 million, which was down from just over €29 million the year before. READ MORE The company's profit after tax was just under €19 million, which was down 23 per cent from €24.7 million the year before. The directors did not recommend the payment of a dividend. The company's turnover increased from €574.8 million to €603.2 million. Cost of sales also increased from €436.1 million to €459.7 million, while administrative expenses rose 44 per cent from €22.6 million to €32.7 million. The company's gross margin was 24 per cent, which it said was 'a critical factor' in the company's performance. It was achieved through a 'rigid cost management process, strong relationships with company suppliers and changes in product mix'. The company, which is based in Co Limerick, employed 1,532 people in the year, which was up from 1,497. It spent €63.5 million on staff, which was up from €59.7 million. The company acquired fruit and vegetable supplier Ready Chef for €7.6 million on February 1st, which it said would broaden its offering of fresh and prepared food. Founded in the 1960s, Ready Chef specialises in supplying fresh and prepared fruit and vegetables to the Irish food sector. The business has more than 100 staff at its refrigerated warehousing and product preparation plant in Glasnevin, Dublin. The family business was founded by William Tallon snrand the company has been run by his sons David and William since 1990. Also evolved from a family-owned business started by the Geary family, Sysco Ireland sources more than 15,000 food products, of which 70 per cent is local Irish produce. Sysco Foods Ireland forms part of the global corporation, which operates 334 distribution facilities worldwide.
Yahoo
13-05-2025
- Business
- Yahoo
Sysco to Webcast Presentation at the Deutsche Bank Access Global Consumer Conference 2025
HOUSTON, May 13, 2025 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) today announced that the Company will webcast its presentation from the 2025 Deutsche Bank Access Global Consumer Conference in Paris, France on Tuesday, June 3, at 4:15 a.m. CDT or 11:15 a.m. CEST. The live webcast for the event can be accessed at An archived replay of the webcast will be available shortly after the live event is completed. For purposes of public disclosure, including this and future similar events, Sysco uses the investor relations portion of its website as the primary channel for publishing key information to its investors, some of which may contain material and previously non-public information. About Sysco Sysco is the global leader in selling, marketing and distributing food and related products to customers who prepare meals away from home. This includes restaurants, healthcare and educational facilities, lodging establishments, entertainment venues, and more. Sysco operates 340 distribution centers, in 10 countries, with 76,000 colleagues serving approximately 730,000 customer locations. The company generated sales of more than $78 billion in fiscal year 2024 that ended June 29, 2024. As the world's largest food-away-from-home distributor, Sysco offers customized supply chain solutions, bespoke specialty product offerings, and culinary support to drive customers to innovate and optimize their operations. We act as a trusted business partner to our customers, helping them grow through our industry-leading portfolio that includes fresh produce, premium proteins, specialty products, sustainably focused items, equipment and supplies, and innovative culinary solutions. For more information, visit For important news and key information for Sysco investors, visit the Investor Relations section of the company's website at SYY-INVESTORS For more information contact: Kevin Kim Cassandra Mauel Investor Contact Media Contact T 281-584-1219 T 281-584-1390
Yahoo
05-05-2025
- Business
- Yahoo
Great Greek restaurant opens Waukesha/Brookfield location, the first in Wisconsin
A newcomer Greek restaurant — whose business sign along Moreland Boulevard has tantalizingly stood for months — has finally ended the long wait for Mediterranean food-craving patrons. The Great Greek Mediterranean Grill has opened, and will hold its grand opening Monday, May 12, at 21481 E. Moreland Blvd. in the Town of Brookfield (but mere feet outside of the City of Waukesha) in a two-restaurant strip mall adjacent to Walgreens just west of Kossow Road. The franchise location has been long in coming. A finished sign on the building was erected in late 2024, followed by a marquee sign, but with no hint of an opening date. But with a Facebook announcement April 21, the business began welcoming customers with a mix of promotions and menu introductions during a soft-open period. "We're still learning, but I think we're going to be alright," Ayan Khurram, the store's general manager, said May 1 as a small crowd gathered for an early dinner rush. Menu items include Greek specialty appetizers such as dolmades, tzatziki and melitzanosalata; standard a la carte items such as gyros and Greek salads; entrée plates, including a souvlaki or gyros; desserts, including baklava; and a children's menu. A full menu, available also for online orders, is available on the local restaurant's website. Khurram said the chain takes extra care to offer a quality taste, especially for their spiced gyro meat. "We're really proud of this," he said, adding that the pitas are supplied by restaurant supplier Sysco using Great Greek's recipe. The business is open 10 a.m. to 9 p.m. Sundays through Thursdays and 10 a.m. to 10 p.m. Fridays and Saturdays. According to the corporate website, Nick Della Penna, a real estate investor and Trent Jones, a three-decade restaurant veteran, were next-door neighbors in a Las Vegas neighborhood who drew inspiration from a local Greek establishment for sale. In 2016, they set up the first Great Greek Mediterranean Grill, quickly expanding to three locations. A franchising partnership with United Franchise Group soon followed. As of the end of 2024, the chain had dozens of locations spread over 18 states. The Town of Brookfield location, listed as Waukesha East by the company, is the first in Wisconsin. More may be coming under the same franchisee. "They're opening five of these here in Wisconsin," Khurram said. Contact reporter Jim Riccioli at This article originally appeared on Milwaukee Journal Sentinel: Great Greek Mediterranean Grill opens in Waukesha, Brookfield area
Yahoo
03-05-2025
- Business
- Yahoo
Recession watch, tariff prices, and stocks in Trump's first 100 days: Markets news roundup
Like the gyrations in the stock market, economists have gone back and forth on recession predictions. A year or so ago there was a broad consensus among experts that there would be a recession in 2024 — but it never materialized. By this year, amid strong a strong job market and cooling inflation, such talk had died down. Read More Canadian voters swept economist Mark Carney into office this week, defeating conservative and Trump-aligned Pierre Poilievre and giving the Liberal party a hold on power for a fourth straight term. Just a few months ago, the Conservatives were widely expected to rout the Liberal party as Canadians soured on former Prime Minister Justin Trudeau's leadership. But as Trump began talking annexing Canada and imposing tariffs, public opinion swung back towards Carney, who was viewed as more like to stand up to Trump. Read More If you want to take the temperature of America's restaurants, watch Sysco (SYY). The Houston-based giant is the largest U.S. supplier to restaurants, hospitals, schools, hotels, and cafeterias, delivering everything from fresh steaks to paper napkins. As the middleman between farms, manufacturers, and dining rooms, Sysco is so ubiquitous that if you're eating out — especially at a chain or institution — there's a good chance they supplied the bun for your burger, the ketchup packet for your fries, and even the to-go container for your leftovers. Read More U.S. stocks ended the day at about break-even on Wednesday as newly released economic data gave reason for cautious optimism. The Dow Jones Industrial Average finished the day up 142 points, or 0.4%, a 900-point swing from its daily low that morning. The S&P 500 eked up, gaining 0.2% on the day, while the tech-heavy Nasdaq finished down slightly, losing 0.1%. All three indexes had shown steep declines shortly after the bell. Read More If the market's performance these days is giving you flashbacks to the days of 1973 and 1974, when President Richard Nixon resigned and President Gerald Ford replaced him, it's with good reason: They're the only two presidents in the post-World War II era who endured a worse stock market performance in their first 100 days than President Donald Trump. Read More It's no secret that housing prices in the U.S. have soared. In 2020, the median U.S. home price was $289,000. Now, it's $418,000. And with mortgage rates remaining high, many people feel like homeownership is simply out of the question. Read More Rents have soared in the past decade, up an average of 50%. And with stagnating wages and fears of a recession, many Americans are feeling burdened by housing costs as they go to pay rent every month. Read More For the latest news, Facebook, Twitter and Instagram.
