The appointment of Judith Sansone to the position of Executive Vice-president and Chief Commercial Officer signals a move by Sysco to broaden their market scope from the food service sector that has declined sharply since the advent of COVID-19.
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 In her role, Sansone will be responsible for merchandising, marketing, pricing, digital sales enablement, a customer loyalty program and developing new channels for sales. Previously Sansone was the Chief Merchandising officer for CVS Health.
Sysco (SYY), as with other suppliers to the food service segment was severely impacted by COVID restrictions including restaurant and University closings. For FY 2020 ending June 27th the Company earned $215 million on revenue of $52.9 billion with an EPS of $0.42. Comparable values for FY 2029 were net earnings of $1.7 million on revenue of $60.1 billion and an EPS of $3.20. The 12-month trailing operating margin is 3.0 percent and the profit margin 0.4 percent. The returns on assets and equity are 5.0 and 11.6 percent respectively. SYY has traded over the past 52-weeks from $26.00 to $85.96 with a 50-day moving average of $63.71. Shares closed at $65.78 on Friday October 16th.
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Judith Sansone |
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