Sysco Corp 8-K, filed Nov 15, 2021
Sysco Corp (SYY)
About this 8-K
Sysco Corp filed this 8-K on November 15, 2021.
Items reported
- Item 8.01: Other events
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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SECTION 8 – OTHER EVENTS
Item 8.01 Other Events.
In response to investor inquiries, Sysco Corporation is providing further details on volume measurements for U.S. Broadline, a subset of the U.S. Foodservice reportable segment. U.S. Broadline constituted over 90% of the sales of this reportable segment in the first quarter of fiscal 2022. Case volume growth for U.S. Broadline over the last three quarters, as compared to pre-COVID fiscal 2019 levels, was as follows:
| • | First quarter of fiscal 2022 case volume growth declined 4.3%. |
| • | Fourth quarter of fiscal 2021 case volume growth was flat. However, fiscal 2021 included an extra week, as compared to the same period in 2019. Adjusting for the extra week, case volume growth declined 7.2%. |
| • | Third quarter of fiscal 2021 case volume growth declined 18.8%. |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, Sysco Corporation has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Sysco Corporation | ||||||
| Date: November 15, 2021 | By: | /s/ Gerald W. Clanton | ||||
| Gerald W. Clanton | ||||||
| Vice President, Legal, Deputy General Counsel and Assistant Corporate Secretary | ||||||
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