Sysco expands into high-margin restaurant segment with $29 billion deal [Yahoo! Finance Canada]
Sysco Corporation (SYY)
Last sysco corporation earnings: 2/3 08:00 am
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Source: Yahoo! Finance Canada
The acquisition would create a closer link between Sysco and its customers that right now turn to Restaurant Depot for supplies needed quickly in an industry segment known as “cash-and-carry wholesale.” Sysco, based in Houston, serves more than 700,000 restaurants, hospitals, schools and hotels, supplying them with everything from butter and eggs to napkins. Those goods are typically acquired ahead of time based on how much traffic that restaurants typically see. Restaurant Depot offers memberships to mom-and-pop restaurants and other businesses, giving them access to warehouses stocked with supplies for when they run short of what they've purchased from suppliers like Sysco. It is a fast growing and high-margin segment that will likely mean thousands of restaurants will rely increasingly on Sysco for day-to-day needs. Restaurant Depot shareholders will receive $21.6 billion in cash and 91.5 million Sysco shares. Based on Sysco's closing share price of $81.80 as of March 27,
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News
- Sysco expands into high-margin restaurant segment with US$29 billion deal [BNN Bloomberg (Canada)]BNN Bloomberg
- Sysco Calls $29B Restaurant Depot Deal “Transformational,” Eyes EPS Accretion and $250M Synergies [Yahoo! Finance]Yahoo! Finance
- Sysco shares fall premarket as company announces $29 billion acquisition of Jetro Restaurant Depot [Yahoo! Finance]Yahoo! Finance
- Infographic: Sysco enters high-margin cash & carry segment via landmark $29.1B acquisition [Seeking Alpha]Seeking Alpha
- Sysco to Acquire Jetro Restaurant Depot to Expand into Higher-Margin, Growing, and Resilient Cash & Carry ChannelGlobeNewswire
SYY
Earnings
- 1/27/26 - Beat
SYY
Sec Filings
- 3/30/26 - Form 425
- 3/30/26 - Form 425
- 3/30/26 - Form 425
- SYY's page on the SEC website