News about Sysco

Sen. Elizabeth Warren (D-Mass.) warned that Sysco's planned purchase of Restaurant Depot could push up restaurant prices, and said the Trump administration might approve it. Sysco agreed in March to buy Restaurant Depot for $29.1 billion, including $21.6 billion in cash and 91.5 million Sysco shares, with closing expected by the third quarter of fiscal 2027. The Justice Department and the FTC are reviewing the deal for antitrust concerns, while Sysco CEO Kevin Hourican has insisted prices won't rise after closing. The article also notes that U.S. food-away-from-home prices rose 0.2% from August to September and were up 3.5% year over year.