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Stock impact report

Sysco Expands Coffee And Local Food Reach As Valuation Signals Upside [Yahoo! Finance]

Reborn Coffee, Inc. (REBN) 
Company Research Source: Yahoo! Finance
Make better investment decisions with Simply Wall St's easy, visual tools that give you a competitive edge. Sysco (NYSE:SYY) has entered a nationwide distribution partnership with Reborn Coffee, expanding its presence in the coffee franchise segment. The company has also launched a Home Grown by Sysco pilot program focused on locally sourced foods. For investors watching Sysco at a share price of $91.16, this news comes alongside a return of 1.9% over the past week and 8.7% over the past month. The stock is also up 25.5% year to date and 23.8% over the past year, with longer term returns of 29.6% over three years and 27.1% over five years. This provides useful context for how NYSE:SYY has recently traded. The new partnership with Reborn Coffee and the Home Grown by Sysco pilot indicate that the company is seeking to broaden its role in foodservice distribution while responding to interest in traceable and local products. For investors, these developments may be worth tracking Show less Read more
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