Sysco Reports Strong Q4 Results, Slightly Down Overall for Fiscal Year 2021
Q4 numbers reflect current foodservice rebound, FY 2021 overall carries the financial cost of pandemic shutdowns.
Sysco reported Q4 sales of $16.1 billion, an increase of 82.0% year-over-year. Gross profit also rose 86.2% during that time to $2.9 billion, reflecting the current rebound of foodservice as pandemic restrictions were gradually lifted throughout 2021. The overall numbers for fiscal year 2021 show a decrease in sales (-3%) and profits (-5.5%), since foodservice was still struggling to come back from Q1 to Q3 due to shutdowns for most of 2020.
Key highlights for the fourth quarter of fiscal year 2021 included: