Sysco 2015 Annual Report Download - page 9
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Please find page 9 of the 2015 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.SYSCO CORPORATION-Form10-K 1
PARTI
ITEM1 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 Form10-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 $48.7 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 27, 2015 for scal 2015, June 28, 2014 for
scal 2014 and June 29, 2013 for scal 2013. We will have a 53-week year ending July 2, 2016 for scal 2016.
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, (281) 584-1390. This annual report on Form 10-K, as well as all other reports led or furnished by Sysco pursuant to
Section13(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 companies, custom-cut meat companies, lodging industry products
companies, a company that distributes specialty imported products, a company that distributes to international customers and the company’s Sysco
Ventures platform, a suite of technology solutions that help support the business needs of Sysco’s customers. Specialty produce companies distribute
fresh produce and, on a limited basis, other foodservice products. Our specialty meat companies distribute custom-cut fresh steaks, other meat, seafood
and poultry. Our lodging industry products companies distribute 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.