Q4 numbers reflect current foodservice rebound, FY 2021 overall carries the financial cost of pandemic shutdowns.
August 10, 2021
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.
At this time last year, those working along the cold chain were collectively trying to figure out how to navigate daily—sometimes hourly—changes and disruptions to business in the middle of a pandemic. Today, as the pandemic wanes in the U.S., a new set of challenges exist, but the industry is better prepared and positioned to overcome many of those obstacles.
Hood also debuts new packaging for 16 flavors of its Classic ice cream line in 1.5 quart containers.
July 7, 2021
Hood, the leading dairy brand in New England, has teamed up with Boston-based brand, Wahlburgers, to celebrate National Ice Cream Month and Ice Cream Sandwich Day this summer. Throughout National Ice Cream Month in July, customers who dine in and purchase a Wahlburgers kids’ meal will receive a free Hood Birthday Cake Mini Ice Cream Sandwich.
US Foods has launched Tender by Design, a revolutionary process by which frozen beef can now be just as high quality and tender as fresh. The proprietary Tender by Design process gives operators access to high-quality steaks year-round at a competitive price and allows for easier inventory and portion control to respond to the ebb and flow of restaurant traffic. Tender by Design is being introduced under the company’s well-known Stock Yards brand. The launch includes 6-, 8- and 10-ounce half-faced center-cut choice top sirloin steaks and an 8-ounce baseball cut choice top sirloin steak.
Kellogg's is expanding their existing partnership with Sodexo to deliver plant-based Incogmeato by MorningStar Farms Burger Patties at more than 3,000 locations. Sodexo, a leading provider of catering, hospitality and food retail services, already serves the Spicy Black Bean Burger by MorningStar Farms. The company is excited to meet the increasing demand for both plant-based and meat-like options.
US Foods has launched its latest Summer Scoop, focused on the theme of “Dining Out Is In Again”, with 18 on-trend, versatile, profit-driving products designed to reduce back-of-house preparation and skilled-labor demands.
The Very Good Food Company announced a partnership with Copper Branch, the world’s largest 100% plant-based quick service restaurant chain with 40 locations across North America. Starting this summer, Copper Branch will make products from Very Good’s signature plant-based protein brand, The Very Good Butchers, available to customers, initially in branded freezers in select Canada locations.
Dot Foods, North America’s largest food industry redistributor, announced the acquisition of ShopHero, a leading grocery-focused e-commerce technology company, with the support of platform consultancy firm Applico.
Sysco announced two new online toolkits to its Foodie Solutions platform. The Labor & Hiring and Summer Solutions Toolkits are the latest in a series of carefully curated tools to help foodservice operators succeed while generating additional revenue and meeting consumer expectations.
Sysco has announced the addition of three new toolkits to its Foodie Solutions platform: Brunch, Protecting Your Business and Turning Your Tables. As more restaurants reopen their dining rooms, these are the latest in a series of carefully curated tools to help customers respond quickly to shifting business requirements and trends resulting from the COVID-19 pandemic.