Sysco Company (NYSE:SYY) Firm Convention Name December 3, 2024 8:00 AM ET
Firm Members
Kenny Cheung – Chief Monetary OfficerKevin Kim – Vice President, Investor Relations
Convention Name Members
Brian Harbour – Morgan Stanley
Brian Harbour
Morning guys, thanks for becoming a member of us proper at 8:00 am right here. I’m Brian Harbour, I cowl the meals distributors and the restaurant area at Morgan Stanley. Additionally, the same old disclaimer – for necessary disclosures, please see the Morgan Stanley analysis disclosure web site at morganstanley.com/researchdisclosures. When you’ve got any questions, please attain out to your Morgan Stanley gross sales consultant.
To start with, we’ve Sysco – Kenny Cheung is the CFO, Kevin Kim, Vice President of Investor Relations. Thanks guys for becoming a member of us right here.
Possibly only a broader query to begin, proper? Clearly your clients are companies, however it is a client convention. You serve nearly 20% of the U.S. meals service market, proper, so you might have a superb vantage level there. How are you feeling about demand in your finish markets, and as we take into consideration ’25, what cross-currents do you assume are most related right here?
Kenny Cheung
Sure, thanks Brian, and good morning everybody. It’s nice to be again once more.
Earlier than I reply the query, I assumed it’d be prudent for me to sort of set the desk a bit – pun supposed, set the desk a bit right here. Come on – it’s early, my jokes are usually not touchdown simply fairly but!
However by way of the place does Sysco land by way of our place throughout the ecosystem and the business, level primary is we’re the market chief globally – primary. In most markets that we serve, we’re really primary, so for instance in Canada, we’ve 25% of market share, within the U.S. 17% market share, after which in our specialty enterprise, 9% market share. What does this imply? Two issues. Primary, we’re
