Sysco Corporation (SYY), headquartered in Houston, Texas, markets and distributes various food and related products to the foodservice or food-away-from-home industry. Valued at $37.7 billion by market cap, the company also distributes personal care guest amenities, housekeeping supplies, room accessories, and textiles to the lodging industry.
Shares of this food service giant have underperformed the broader market considerably over the past year. SYY has gained 8.7% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 32.3%. In 2024, SYY’s stock rose 2.5%, compared to the SPX’s 24.7% rise on a YTD basis.
