Sysco Gives Update on Covid-19 Related Business; Donating 2.5 Million Meals Over Next 4 Weeks
Global foodservice distribution company Sysco has released an update on their finances related to the coronavirus (Covid-19) pandemic. According to the company, their “strong balance sheet provides meaningful financial flexibility for the company to navigate current challenges in the ‘food-away-from-home’ market resulting from the spread of Covid-19 and subsequent actions taken across the country to increase social distancing.”
Sysco reports that they have approximately $2 billion cash on hand as of March 20, including a recent...
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