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MarketScreener Homepage  >  Equities  >  Nyse  >  Sysco Corporation    SYY

SYSCO CORPORATION

(SYY)
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Sysco's FreshPoint Central Florida Expands Facility; Grand Opening Ceremony and Open House Scheduled

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01/20/2020 | 08:31am EST

HOUSTON, Jan. 20, 2020 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) today announced that it will host a grand opening ceremony and open house for government officials, customers, associates and other members of the community at its FreshPoint Central Florida facility on Jan. 22, 2020 from 11:00am to 2:00pm EST. FreshPoint, Sysco’s specialty produce company, is North America’s leading produce distributor.

The event will celebrate the completion of the expanded, state-of-the-art 150,000 square foot facility, which has doubled in size and features environmentally-friendly specifications, and include a ribbon cutting, facility tour, food demonstrations, tastings and more. The FreshPoint Central Florida facility address is 8801 Exchange Drive in Orlando, FL.

As a result of the expansion, the facility features:

  • A new culinary center for showcasing new products and customer menu development;
  • Additional equipment and space for the company’s FreshCuts processing operation, increasing the facility’s capabilities to provide custom cut fruit and vegetable products to customers;
  • Sustainability features such as LED lighting, energy-efficient coolers and a system which collects produce waste for use in composting and energy production.

“For more than 70 years, FreshPoint Central Florida has been a proud member of the Orlando community. We are very excited about the enhanced capabilities at this facility to enrich our customers’ overall experience of doing business with FreshPoint and support their success,” said Robert Gordon, president and chief executive officer, FreshPoint. “Additionally, this expansion demonstrates FreshPoint’s commitment to its long-standing relationships with our local partners, including local farmers, suppliers and other business partners.”

FreshPoint Central Florida stocks a wide variety of locally-grown products throughout the year, including tomatoes, citrus, row crop vegetables, the prized Zellwood Triple Sweet Corn, micro greens, peaches, specialty potatoes, tropical fruits, and even grapes and figs.

About Sysco
Sysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Its family of products also includes equipment and supplies for the foodservice and hospitality industries. With more than 69,000 associates, the company operates more than 320 distribution facilities worldwide and serves more than 650,000 customer locations. For fiscal 2019 that ended June 29, 2019, the company generated sales of more than $60 billion. Information about our CSR program, including Sysco’s 2019 Corporate Social Responsibility Report, can be found at www.sysco.com/csr2019report.

About FreshPoint
FreshPoint is North America’s leading produce distributor and holds its companies accountable for delivering a high level of customer service. With unmatched fresh produce, knowledge and experience, FreshPoint provides today’s chefs with the ingredients to create tomorrow’s culinary success. For more information, visit www.FreshPoint.com.

For more information, visit www.sysco.com or connect with Sysco on Facebook at www.facebook.com/SyscoCorporation or Twitter at https://twitter.com/Sysco. For important news and information regarding Sysco, visit the Investor Relations section of the company's Internet home page at http://investors.sysco.com/, which Sysco plans to use as a primary channel for publishing key information to its investors, some of which may contain material and previously non-public information. Investors should also follow us at www.twitter.com/SyscoStock and download the Sysco IR App, available on the iTunes App Store and the Google Play Market. In addition, investors should continue to review our news releases and filings with the Securities and Exchange Commission. It is possible that the information we disclose through any of these channels of distribution could be deemed to be material information.

Shannon Mutschler
Media Contact
Mutschler.Shannon@corp.sysco.com
T 281-584-4059

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© GlobeNewswire 2020
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Financials (USD)
Sales 2020 61 380 M
EBIT 2020 2 860 M
Net income 2020 1 806 M
Debt 2020 7 367 M
Yield 2020 2,26%
P/E ratio 2020 21,8x
P/E ratio 2021 19,2x
EV / Sales2020 0,76x
EV / Sales2021 0,72x
Capitalization 39 008 M
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Mean consensus HOLD
Number of Analysts 15
Average target price 80,77  $
Last Close Price 76,71  $
Spread / Highest target 22,5%
Spread / Average Target 5,29%
Spread / Lowest Target -19,2%
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Managers
NameTitle
Thomas L. Bené President & Chief Executive Officer
Edward D. Shirley Executive Chairman
Joel Todd Grade Chief Financial Officer & Executive Vice President
Mickey Foster Chief Information & Technology Officer
John M. Cassaday Independent Outside Director
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