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Sysco (BUE:SYY) Allowance For Loans And Lease Losses


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What is Sysco Allowance For Loans And Lease Losses?

Allowance For Loans And Lease Losses only applies to banks.


Sysco (BUE:SYY) Business Description

Industry
Traded in Other Exchanges
Address
1390 Enclave Parkway, Houston, TX, USA, 77077-2099
Sysco is the largest U.S. foodservice distributor with 17% share of the highly fragmented $350 billion domestic market. Sysco distributes roughly 500,000 food and nonfood products to restaurants (62% of fiscal 2023 revenue), education and government buildings (8%), travel and leisure (8%), healthcare facilities (7%) and other locations (15%) where individuals consume away-from-home meals. In fiscal 2023, 70% of the firm's revenue was derived from its U.S. foodservice operations, while its international (18%), quick-service logistics (10%), and other (2%) segments made up the difference.