Analysis of Revenues
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- Income Statement
- Analysis of Liquidity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value (EV)
- Enterprise Value to EBITDA (EV/EBITDA)
- Selected Financial Data since 2005
- Return on Equity (ROE) since 2005
- Price to Earnings (P/E) since 2005
- Price to Operating Profit (P/OP) since 2005
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Revenues as Reported
Sysco Corp., income statement, revenues
US$ in millions
Based on: 10-K (reporting date: 2024-06-29), 10-K (reporting date: 2023-07-01), 10-K (reporting date: 2022-07-02), 10-K (reporting date: 2021-07-03), 10-K (reporting date: 2020-06-27), 10-K (reporting date: 2019-06-29).
- Overall Revenue Trend
- The total sales exhibited a pronounced decline from 2019 to 2021, dropping from 60,114 million USD to 51,298 million USD. Subsequently, there was a strong recovery, with sales increasing to 68,636 million USD in 2022, and continuing upward to 78,844 million USD by mid-2024.
- Product Categories with Significant Fluctuations
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- Canned and Dry Products
- After an initial decrease from 9,941 million USD in 2019 to 8,147 million USD in 2021, sales rebounded sharply to 14,902 million USD by 2024, marking the highest value in the observed period.
- Fresh and Frozen Meats
- This segment showed a similar pattern; it declined from 11,570 million USD in 2019 to 9,932 million USD in 2021, before rising significantly to 14,295 million USD in 2024.
- Frozen Fruits, Vegetables, Bakery and Other
- Sales decreased from 8,978 million USD in 2019 to 7,515 million USD in 2021, followed by a recovery to 12,061 million USD in 2024.
- Dairy Products
- There was a decline from 6,114 million USD in 2019 to 5,057 million USD in 2021, with a subsequent recovery by 2023 to 8,209 million USD, slightly declining to 8,031 million USD in 2024.
- Poultry
- This category experienced a dip from 5,848 million USD in 2019 to 5,243 million USD in 2020, but showed growth to 7,752 million USD in 2023, with a marginal decline in 2024.
- Fresh Produce
- Sales declined steadily from 5,066 million USD in 2019 to 3,999 million USD in 2021, followed by an increase to 6,825 million USD in 2024.
- Paper and Disposables
- This category decreased slightly from 3,960 million USD in 2019 to 3,656 million USD in 2020, then experienced growth peaking at 5,442 million USD in 2023 and a slight decline in 2024.
- Seafood
- Unlike most categories, seafood sales decreased from 3,382 million USD in 2019 to 2,582 million USD in 2021, recovering modestly to 3,215 million USD in 2022, but declining again to 2,821 million USD in 2024.
- Beverage Products
- This segment observed a decline from 2,309 million USD in 2019 to 1,767 million USD in 2021, followed by a consistent increase reaching 2,792 million USD in 2024.
- New or Emerging Categories
- The category 'Equipment and Smallwares' appeared only in 2024 with sales amounting to 1,545 million USD, indicating expansion or diversification in product offerings.
- Other
- Sales in the 'Other' category declined from 2,946 million USD in 2019 to 2,463 million USD in 2021, rebounded to 3,452 million USD in 2023, and then declined sharply to 2,500 million USD in 2024.
- Summary of Patterns
- The data reveals a common pattern across most product categories of initial declines during the 2019-2021 period, likely reflecting challenging market conditions during those years, followed by substantial recovery and growth through 2024. Categories such as seafood and 'Other' showed less consistent recovery, suggesting potential structural challenges or market shifts. The introduction of equipment and smallwares as a revenue contributor suggests strategic diversification efforts.