Sysco Defines Plans at 2024 Investor Day to Improve Core Performance, Advance Recipe for Growth Strategy, Increase Shareholder Value

Core Insights - Sysco Corporation hosted its 2024 Investor Day to present updates on its growth strategy and initiatives aimed at enhancing customer service while ensuring consistent financial performance [1][2] Growth Strategy - The company is focusing on driving core business performance through local case growth and leveraging its merchandising and supply chain capabilities [2] - Sysco's 'Recipe for Growth' strategy, launched three years ago, aims to drive market growth through five pillars: Digital, Products and Solutions, Supply Chain, Customer Teams, and Future Horizons [2][3] Financial Outlook - Sysco outlined plans for significant top and bottom-line growth over the next three years, targeting sales growth of 4-6% annually, adjusted operating income growth of 6-8%, and adjusted earnings per share growth of 6-8% [3][7] - The company aims for a total return to shareholders of 9-11% per year through a growing dividend [7] Market Share Growth - Sysco plans to accelerate independent market share growth through Total Team Selling, which integrates specialists and sales teams from Broadline and Specialty businesses [3] - The company is leveraging its global footprint to enhance local growth internationally, including deeper penetration of Sysco Brand products and customer-focused programs like Sysco Your Way [3] New Offerings - The launch of Sysco Marketplace allows third-party suppliers to sell products on Sysco's digital platform, providing access to over 15,000 niche products to enhance customer menus [4]