Sysco 2013 Annual Report Download - page 12

SYSCO CORPORATION-Form10-K 1
PARTI
ITEM1 Business
Unless this Form10-K indicates otherwise or the context otherwise requires, the terms “we,” “our,” “us,” “Sysco,” or “the company” as used in this Form10-K
refer to Sysco Corporation together with its consolidated subsidiaries and divisions.
Overview
Sysco Corporation, acting through its subsidiaries and divisions, is the largest North American distributor of food and related products primarily to the
foodservice or food-away-from-home industry. We provide products and related services to approximately 425,000customers, including restaurants,
healthcare and educational facilities, lodging establishments and other foodservice customers.
Founded in 1969, Syscocommenced operations as a public company in March1970 when the stockholders of nine companies exchanged their stock
for Sysco common stock. Since our formation, we have grown from $115.0millionto $44.4billion in annual sales, both through internal expansion of
existing operations and through acquisitions.
Sysco’s  scal year ends on the Saturday nearest to June30
th
. This resulted in a 52-week year ending June29,2013 for  scal 2013, June30,2012 for
 scal 2012 and,July2,2011 for  scal 2011.
Sysco Corporation is organized under the laws of Delaware. The address and telephone number of our executive of ces are 1390 Enclave Parkway, Houston,
Texas 77077-2099, [phone]. This annual report on Form10-K, as well as all other reports  led or furnished by Sysco pursuant to Section13(a) or
15(d) of the Securities Exchange Act of 1934, are available free of charge on Sysco’s website at www.sysco.com as soon as reasonably practicable after
they are electronically  led with or furnished to the Securities and Exchange Commission.
Operating Segments
Sysco provides food and related products to the foodservice or food-away-from-home industry. Under the accounting provisions related to disclosures
about segments of an enterprise, we have aggregated our operating companies into a number of segments, of which only Broadline and SYGMA are
reportable segments as de ned by accounting standards. Broadline operating companies distribute a full line of food products and a wide variety of non-
food products to their customers. SYGMA operating companies distribute a full line of food products and a wide variety of non-food products to chain
restaurant customer locations. Our other segments include our specialty produce and lodging industry products segments, a company that distributes
specialty imported products and a company that distributes to international customers. Specialty produce companies distribute fresh produce and, on a
limited basis, other foodservice products. Our lodging industry products company distributes personal care guest amenities, equipment, housekeeping
supplies, room accessories and textiles to the lodging industry. Selected  nancial data for each of our reportable segments as well as  nancial information
concerning geographic areas can be found in Note21, “Business Segment Information,” in the Notes to Consolidated Financial Statements in Item8.
Customers and Products
Sysco’s customers in the foodservice industry include restaurants, hospitals and nursing homes, schools and colleges, hotels and motels, industrial caterers
and other similar venues where foodservice products are served. Services to our customers are supported by similar physical facilities, vehicles, material
handling equipment and techniques, and administrative and operating staffs.