Sysco expands into high-margin restaurant segment with US$29 billion deal [BNN Bloomberg (Canada)]
Sysco Corporation (SYY)
Last sysco corporation earnings: 2/3 08:00 am
Check Earnings Report
US:NYSE Investor Relations:
investors.sysco.com
Company Research
Source: BNN Bloomberg
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,
Show less
Read more
Impact Snapshot
Event Time:
SYY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SYY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SYY alerts
High impacting Sysco Corporation news events
Weekly update
A roundup of the hottest topics
SYY
News
- Sysco expands into high-margin restaurant segment with $29 billion deal [Yahoo! Finance Canada]Yahoo! Finance Canada
- 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