Sysco 2011 Annual Report Download - page 2

Download and view the complete annual report

Please find page 2 of the 2011 Sysco annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 105

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105

Our vision is to be our customers’
most valued and trusted business
partner. We are achieving that vision
by building on the core strengths we
have developed since our founding:
quality products, unmatched service,
strong relationships, outstanding
operations and logistics, and sound
financials. These strengths have
made us the undisputed industry
leader and will drive our future
growth as we continue to feed our
customers’ success.
Core
Strengths
Our
Vision
Our
Customers
•Quality
•Service
•Relationships
•Operations&
Logistics
•FinancialStrength
Tobeour
customers’
mostvalued
andtrusted
businesspartner.
Everythingwedo
startswith,andends
with,ourcustomers.
Weknowoursuc-
cessdependson
understandingand
meetingtheirneeds.
➧➧➧
Design:
SAVAGE,
Houston,Texas
SyscoCorporation
1390EnclaveParkway
Houston,TX77077-2099
281.584.1390
www.sysco.com
TheHoustonianHotel
111NorthPostOakLane
Houston,TX77024
November16,2011at10:00a.m.
Ernst&YoungLLP
Houston,TX
AmericanStockTransfer&TrustCompany
59MaidenLane
PlazaLevel
NewYork,NY10038
1.888.CALLSYY(1.888.225.5799)
www.amstock.com
Mr.NeilA.RussellII
VicePresident,InvestorRelations
281.584.1308
Sysco’scommonstockistradedontheNew
YorkStockExchangeunderthesymbol“SYY”.
Thecompanyhaspaidquarterlycashdividends
onitscommonstocksinceitsfoundingasa
publiccompanyin1970andhasincreasedthe
dividend42timesinthatperiod.Thecurrent
quarterlycashdividendis$0.26pershare.
Sysco’sDividendReinvestmentPlanprovides
aconvenientwayforshareholdersofrecord
toreinvestquarterlycashdividendsinSysco
sharesautomatically,withnoservicecharge
orbrokeragecommissions.
ThePlanalsopermitsregisteredshareholders
toinvestadditionalmoneytopurchaseshares.
Inaddition,certificatesmaybedeposited
directlyintoaPlanaccountforsafekeeping
andmaybesolddirectlythroughthePlanfor
amodestfee.
Shareholdersdesiringinformationaboutthe
DividendReinvestmentPlanwithOptionalCash
PurchaseFeaturemayobtainabrochureand
enrollmentformbycontactingtheTransfer
AgentandRegistrar,AmericanStockTransfer&
TrustCompanyat1.888.225.5799.
Certainstatementsmadehereinareforward-
lookingstatementsunderthePrivateSecurities
LitigationReformActof1995.Theyinclude
statementsaboutexpectedfutureperformance,
theimpactofstrategicinitiativesandBusiness
Reviews,theabilitytoremainprofitable,our
abilitytoforecastandmanageinventorylevels,
expectedbenefitsoftheBusinessTransforma-
tionProject,theeffectsofrisingfuelcosts,the
successofourcostcontainmentefforts,the
continuedsuccessandbenefitsofourquality
assuranceandsustainablefoodprograms,and
implementation,timingandanticipatedbenefits
ofacquisitions.
Thesestatementsarebasedonmanagement’s
currentexpectationsandestimates;actual
resultsmaydiffermaterially,dueinparttothe
riskfactorsdiscussedabove.Redistribution
facilityandacquisitiontimingandresultscould
beimpactedbycompetitiveconditions,labor
issuesandothermatters.Industrygrowthmay
beaffectedbygeneraleconomicconditions.
Sysco’sabilitytoachieveanticipatedsales
volumesanditslong-termgrowthobjectives,
increasemarketshare,meetfuturecash
requirementsandremainprofitablecouldbe
affectedbycompetitivepricepressures,avail-
abilityofsupplies,workstoppages,successor
failureofconsolidatedbuyingplaninitiatives,
successfulintegrationofacquiredcompanies,
conditionsintheeconomyandtheindustry
andinternalfactorssuchastheabilityto
controlexpenses.
Foradiscussionofadditionalrisksanduncer-
taintiesthatcouldcauseactualresultstodiffer
fromthosecontainedintheforward-looking
statements,seeSysco’sAnnualReportonForm
10-KforthefiscalyearendedJuly2,2011,which
isincludedinthisAnnualReport.
Acopyofthefiscal2011AnnualReporton
Form10-K,includingthefinancialstatements
andfinancialstatementschedules,aswellas
copiesofotherfinancialreportsandcompany
literature,maybeobtainedwithoutcharge
uponwrittenrequesttotheInvestorRelations
Department,SyscoCorporation,atthecor-
porateofficeslistedabove,orbycalling
1.800.337.9726.Thisinformation,whichis
includedinthisAnnualReport,alsomaybe
foundonourwebsiteatwww.sysco.comin
theInvestorssection.