foodservice

Sysco Shares Rise Despite $618 Million Loss
Financial Performance

Sysco Shares Rise Despite $618 Million Loss

The coronavirus has slammed Sysco's restaurant customers but its fourth-quarter loss came in lower than analysts had expected.
By Matthew Heller | August 11, 2020
Read More
Tyson Foods Shares Dive on 15% Profit Drop
Financial Performance

Tyson Foods Shares Dive on 15% Profit Drop

The company expects coronavirus-related disruptions will “increase our operating costs and negatively impact our volumes" for the rest of this year.
By Matthew Heller | May 4, 2020
Read More
Rising Logistics Costs Fuel Sysco Earnings Miss
Financial Performance

Rising Logistics Costs Fuel Sysco Earnings Miss

"We continue to see expense challenges in the warehouse and transportation areas of our supply chain," CEO Tom Bené says.
By Matthew Heller | November 5, 2018
Read More
Hormel Buys Chicago Meat Supplier for $425M
Strategy

Hormel Buys Chicago Meat Supplier for $425M

The acquisition of Fontanini Italian Meats and Sausages is a move to expand Hormel's high-growth foodservice business.
By Matthew Heller | August 17, 2017
Read More