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Sysco Corporation  (SYY)
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Sysco's

Competitiveness


 

SYY Sales vs. its Competitors Q3 2021



Comparing the results to its competitors, Sysco reported Total Revenue increase in the 3 quarter 2021 by 39.73 % year on year.
The sales growth was above Sysco's competitors average revenue growth of 29.2 %, recorded in the same quarter.

List of SYY Competitors

With net margin of 2.3 % company reported lower profitability than its competitors.

More on SYY Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


Sysco Corporation Net Income in the 3 quarter 2021 grew year on year by 74.28 %, faster than average growth of Sysco's competitiors of 2.78 %

<<  More on SYY Income 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 Q3 2021

Strong sales growth of 39.73 % in Overall company contributed to Sysco Corporation increase in total revenue by 39.73 %

Sysco Corporation improved its market share in this segment, to approximate 45.48 %.



<<  More on SYY Market Share.
 

*Market share calculated with total revenue.


SYY's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Sysco Corporation 55,977 37,513 685 51,700
Bab Inc 4 6 0 17
Conagra Brands Inc 11,601 15,181 1,207 32,900
General Mills Inc 18,303 38,579 2,338 42,000
Life On Earth Inc 0 4 -1 0
Performance Food Group Company 33,738 5,985 46 13,000
The J M Smucker Company 7,905 14,198 768 7,370
Inventure Foods, Inc. 192 79 -67 1,100
Atlas Technology International, Inc. 6 0 -11 5
SUBTOTAL 127,727 111,545 4,966 148,092


       
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