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Sysco Corporation (SYY) Presents at Barclays 18th Annual Global Consumer Staples

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Jeffrey Bernstein
Director & Senior Equity Research Analyst

Good morning, everyone. My name is Jeff Bernstein, and I’m the restaurant and foodservice distribution analyst at Barclays. I’m pleased to introduce our next presenting company, Sysco Corporation. With us this morning, we have Kevin Hourican to my immediate right, President and CEO; Kenny Cheung, CFO, sitting right next to him; and in the audience, we have Kevin Kim, Head of IR; and Joshua Long, Senior Director of IR.

And obviously, we are thrilled to have Sysco and actually, I have Yum! here as well, and we’ve gotten those two in as consumer staples, but otherwise, our primary consumer discretionary conference is our Eat, Sleep, Play, Shop Conference, which includes many of our other restaurants and foodservice distributors. That’s in our New York offices, once again the week post Thanksgiving. So December 2 through the 4 this year. We hope to see many of you there.

But now back to Sysco. By way of background, Sysco is the global leader in selling, marketing and distributing food products to restaurants and others. Globally, Sysco services 730,000 customer locations from 340 distribution facilities, generating $81 billion in sales this most recent year with 60% plus going to restaurants. But to share more detail, I will turn it over to Kevin and Kenny to walk through some of their bigger picture slides, and then we will do some Q&A with the remaining time.

But with that said, I want to turn it over first to Kevin Hourican.

Read the full article here

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