Does the article Sysco profit trails market change the way you look at the issue?”
Sysco Corp. (SYY-NYSE) is the #1 foodservice supplier in North America, serving about 400,000 customers through almost 180 distribution centers in the US and Canada. Its core broadline distribution business supplies both food and non-food products to restaurants, schools, hotels, health care institutions, and other foodservice customers; its SYGMA Network operation focuses on supplying chain restaurants. SYSCO distributes both nationally branded products, as well as its own private-label products. In addition, SYSCO provides specialty produce and meat and supplies and equipment for the hospitality industry. Recently SYY hit a 3 year low, dipping down to $26.45. It recovered about 10% of that. It’s been stuck in a range between $29 and $37 for almost 4 years. Is there any reason to believe it will finally break that pattern, in a good way? Maybe. Earnings are increasing in a difficult environment. Cost of goods has jumped in the last year, up 6.1% in June of last year, and 5.9% in Septe
