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Sysco Corporation  (SYY)
Other Ticker:  
 
    Sector  Retail    Industry Wholesale
   Industry Wholesale
   Sector  Retail

Sysco's

Competitiveness


 

SYY Sales vs. its Competitors Q4 2023



Comparing the current results to its competitors, Sysco reported Revenue increase in the 4 quarter 2023 by 3.73 % year on year.
The sales growth was above Sysco's competitors' average revenue growth of 1.28 %, achieved in the same quarter.

List of SYY Competitors

With a net margin of 2.15 % Sysco achieved higher profitability than its competitors.

More on SYY Profitability Comparisons



Revenue Growth Comparisons




Net Income Comparison


Sysco CorporationNet Income in the 4 quarter 2023 grew year on year by 194.05%, faster than the Sysco's competitors average income growth of 6.26 %

<<  SYY Stock Performance Comparisons


Sysco's Comment on Competitors and Industry Peers


Industry sources estimate that there are more than 15,000 companies engaged in the distribution of food and non-food products to the foodservice industry in the U.S. Our customers may also choose to purchase products directly from wholesale or retail outlets, including club, cash and carry and grocery stores, or negotiate prices directly with our suppliers. Online retailers and e-commerce companies are also participants in the foodservice industry. While we compete primarily with local and regional distributors, some organizations compete with us on a multi-region basis. In addition, these local, regional and multi-regional distributors can create purchasing cooperatives and marketing groups to enhance their competitive abilities by expanding their product mix, improving purchasing power and extending their geographic capabilities. We believe that the principal competitive factors in the foodservice industry are effective customer contacts, the ability to deliver a wide range of quality products and related services on a timely and dependable basis and competitive prices. Our customers are accustomed to purchasing from multiple suppliers and channels concurrently. Product needs, service requirements and price are just a few of the factors they evaluate when deciding where to purchase. Customers can choose from many broadline foodservice distributors, specialty distributors that focus on specific categories such as produce, meat or seafood, other wholesale channels, club stores, cash and carry stores, grocery stores and numerous online retailers. Since switching costs are very low, customers can make supplier and channel changes very quickly. There are few barriers to market entry. Existing foodservice competitors can extend their shipping distances, and add truck routes and warehouses relatively quickly to serve new markets or customers.

We believe, based upon industry trade data, that our sales to the U.S. and Canada food-away-from-home industry were the highest of any foodservice distributor. While adequate industry statistics are not available, we believe that in most instances our local operations are among the leading distributors of food and related non-food products to foodservice customers in their respective trading areas. We believe our competitive advantages include our more than 7,000 marketing associates, our diversified product base, which includes a differentiated group of high quality Sysco brand products, the diversity in the types of customers we serve, our economies of scale and our multi-region portfolio in the U.S. and Canada, which mitigates some of the impact of regional economic declines that may occur over time. We believe our liquidity and access to capital provides us the ability to continuously invest in business improvements. We are the only distributor in the food-away-from-home industry in the U.S. with publicly traded equity. While our public company status provides us with some advantages over many of our competitors, including access to capital, we believe it also provides us with some disadvantages that most of them do not have in terms of additional costs related to complying with regulatory requirements.



  

Overall company Market Share Q4 2023

Overall company revenue, increased by 3.73 % faster than Sysco's competitors within this division and its market share improved to approx. 64.58 %.
<<  More on SYY Market Share.
 
*Market share is calculated based on total revenue.





Who are Sysco Corporation's Competitors?




General Mills Inc
Share Performance



-18.60%
One Year



General Mills Inc
Profile

General Mills Inc is a multinational consumer goods company that operates on a traditional business model. The company focuses on manufacturing and marketing a wide range of food products, including popular cereal brands, ready-to-eat meals, baking mixes, and snack foods. General Mills distributes its products through various channels, including retail, e-commerce, and foodservice sectors, to cater to the diverse needs of its customers worldwide.

More about General Mills Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 37,469.794 mill. $ 20,200.000 mill. $ 2,460.600 mill.


The J M Smucker Company
Share Performance



-17.27%
One Year



The J M Smucker Company
Profile

The J M Smucker Company's business model focuses on producing and distributing a diverse range of food products, including coffee, pet food, snacks, and various consumer goods.

More about The J M Smucker Company's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 12,803.954 mill. $ 8,206.900 mill. $ -101.800 mill.


Conagra Brands Inc
Share Performance



-21.43%
One Year



Conagra Brands Inc
Profile

Conagra Brands Inc's business model focuses on producing and marketing a wide range of food products, including frozen meals, snacks, condiments, and pantry staples, to consumers worldwide.

More about Conagra Brands Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 13,394.160 mill. $ 11,864.700 mill. $ 984.600 mill.


Bab Inc
Share Performance



0.00%
This Year



Bab Inc
Profile

Bab Inc operates a franchise business model where they license their brand and business concept to independent operators. These operators are responsible for opening and operating individual locations in specific territories and pay fees and royalties to Bab Inc in exchange for support and use of the brand. Bab Inc focuses on the fast-food restaurant industry and primarily operates its franchise brands in food court locations.

More about Bab Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 5.826 mill. $ 3.510 mill. $ 0.467 mill.


Performance Food Group Company
Share Performance



+4.09%
30 Days



Performance Food Group Company
Profile

Performance Food Group Company operates as a distributor of food and food-related products to a wide range of customers, including restaurants, healthcare facilities, and hospitality establishments. Through its distribution networks, the company leverages its extensive product assortment and supply chain infrastructure to efficiently deliver goods to customers across the United States. PFG focuses on providing value-added services, such as menu planning assistance, culinary training, and business analytics, to help its customers drive growth and operational efficiencies.

More about Performance Food Group Company's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 12,022.182 mill. $ 57,472.700 mill. $ 422.200 mill.



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