Sysco sees big rise in international sales

Sysco

Houston Rank: 4

Texas Rank: 11

US Rank: 518

Market Cap: $25.8 billion

CEO: Bill DeLaney Sysco

Houston Rank: 4

Texas Rank: 11

US Rank: 518

Market Cap: $25.8 billion

CEO: Bill DeLaney Photo: Sysco Photo: Sysco Image 1 of / 1 Caption Close Sysco sees big rise in international sales 1 / 1 Back to Gallery

Sysco Corp. reported rising sales in the fourth quarter of its fiscal year, most dramatically in international operations, following its acquisition of European food distributor the Brakes Group one year ago.

In a quarterly earnings report on Monday, Sysco said sales increased 5.7 percent to $11.4 billion for the 13-week period that ended July 1, the end of Sysco's fiscal year 2017. For the year, sales increased 9.9 percent to 55.4 billion.

Sysco was founded in Houston in 1969 and is the region's fifth largest publicly traded company with $53 billion in 2016 revenue.

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The company saw some of its most dramatic growth rate in international operations, where sales grew to $2.7 billion in the fourth quarter, compared with $1.5 billion in the same period last year. For the year, international sales nearly doubled to 10.6 billion, up from $5.4 billion the previous year.

The Brakes Group, purchased by Sysco in July 2016, has operations in the United Kingdom, Ireland, France, Sweden, Spain, Belgium and Luxembourg.

Sysco also reported that its U.S. food service sales were down 3.8 percent in the fourth quarter and down 0.5 percent over the fiscal year.