(RTTNews) - Sysco Corp. (SYY), a provider of food and related products, announced Monday its agreement to acquire Jetro Restaurant Depot, the Cash & Carry food wholesaler, in a deal with a total enterprise value of approximately $29.1 billion.
(RTTNews) - Sysco Corp. (SYY), a provider of food and related products, announced Monday its agreement to acquire Jetro Restaurant Depot, the Cash & Carry food wholesaler, in a deal with a total enterprise value of approximately $29.1 billion.
We Are/DigitalVision via Getty Images Key Takeaways Markets: U.S. equities delivered resilient but volatile performance in the fourth quarter. While major indexes remained close to all-time highs, market conditions shifted meaningfully beneath the surface. The S&P 500 Index returned 2.7% during the quarter, while the benchmark Russell Midcap Growth Index declined 3.7%. Contributors: Holdings in Ve...
We Are/DigitalVision via Getty Images Key Takeaways Markets: U.S. equities delivered resilient but volatile performance in the fourth quarter. While major indexes remained close to all-time highs, market conditions shifted meaningfully beneath the surface. The S&P 500 Index returned 2.7% during the quarter, while the benchmark Russell Midcap Growth Index declined 3.7%. Contributors: Holdings in Vertex Pharmaceuticals ( VRTX ), Broadcom ( AVGO ) and Freeport-McMoRan ( FCX ). Stock selection in information technology (( IT) ) and communication services, an overweight to materials. Detractors: Holdings in e.l.f. Beauty ( ELF ), Doximity ( DOCS ) and Robinhood Markets ( HOOD ). Overweights to IT and communication services, stock selection in consumer staples. Outlook: Markets remain resilient, but volatility has increased as momentum-driven areas cooled and stock-level dispersion widened, reinforcing the importance of disciplined stock selection and a balanced approach to portfolio construction. Performance Review The Fund outperformed the benchmark gross of fees, driven by a combination of balanced portfolio construction and strong stock selection. Early in the quarter, momentum tied to AI and technology supported results, while the portfolio's exposure to steadier compounders and defensive growth names helped protect performance as volatility increased. Shopify ( SHOP ), an e-commerce platform that enables merchants to operate and scale digital storefronts, benefited from continued adoption by larger enterprises and improving monetization across its ecosystem. While communication services was the greatest detractor within the benchmark, our differentiated positioning supported relative outperformance. For example, a number of portfolio holdings in sports and live media, such as Madison Square Garden Sports ( MSGS ), Madison Square Garden Entertainment ( MSGE ) and TKO Group ( TKO ), were positive contributors in the quarter. Following a period of strong performance, s...
Property developers in the UAE have held calls with investors to allay concerns over a potential liquidity crunch after their bonds slipped into distressed territory. Katralnada BinGhatti, CEO & Managing Director of BinGhatti Holding spoke to Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche about the plans they’re putting in place to deal with the regional situation. (Source: ...
Property developers in the UAE have held calls with investors to allay concerns over a potential liquidity crunch after their bonds slipped into distressed territory. Katralnada BinGhatti, CEO & Managing Director of BinGhatti Holding spoke to Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche about the plans they’re putting in place to deal with the regional situation. (Source: Bloomberg)
Once upon a time, NASA's moon ambitions promised to pave a Milky Way to profits for Boeing (NYSE: BA) . Collaborating with fellow big space companies, including Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC) , to launch as many as 20 Space Launch System megarockets to the moon at $4.1 billion a pop, Boeing stood in line to share in some $82 billion in revenue across 20 missions under...
Once upon a time, NASA's moon ambitions promised to pave a Milky Way to profits for Boeing (NYSE: BA) . Collaborating with fellow big space companies, including Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC) , to launch as many as 20 Space Launch System megarockets to the moon at $4.1 billion a pop, Boeing stood in line to share in some $82 billion in revenue across 20 missions under NASA's Project Artemis. But no longer. Image source: Getty Images. Continue reading
Sysco ( SYY ) announced on Monday that it struck a deal to acquire Jetro Restaurant Depot. Under the terms of the agreement, Jetro Restaurant Depot shareholders will receive $21.6 billion in cash proceeds and 91.5 million Sysco shares. The transaction is valued at $29.1B. The total consideration represents an acquisition multiple of approximately 14.6X Jetro Restaurant Depot's operating income or ...
Sysco ( SYY ) announced on Monday that it struck a deal to acquire Jetro Restaurant Depot. Under the terms of the agreement, Jetro Restaurant Depot shareholders will receive $21.6 billion in cash proceeds and 91.5 million Sysco shares. The transaction is valued at $29.1B. The total consideration represents an acquisition multiple of approximately 14.6X Jetro Restaurant Depot's operating income or 13.0x including expected synergies. Jetro Restaurant Depot is described as the nation’s premier cash & carry food wholesaler. Jetro Restaurant Depot’s customer group is seen as complementary to Sysco's ( SYY ) higher-volume customers seeking delivery and white glove service. On a geographic basis, Jetro Restaurant Depot operates 166 large-format warehouse stores across 35 states that serve more than 725,000 independent restaurants and foodservice operators with a broad assortment of fresh and low-priced products. For calendar year 2025, Jetro Restaurant Depot generated approximately $16B in revenue, approximately $2.1B in EBITDA, and approximately $1.9B in free cash flow and has maintained a 30-year track record of EBITDA growth. The transaction is anticipated to allow Sysco ( SYY ) to enter the high-margin, growing, and resilient Cash & Carry channel. The cash & carry channel was noted to be a $60-70B addressable market and is the primary source of supply for many smaller independent restaurants and foodservice operators, providing them everyday low prices, seven days a week, with on-demand access to a full selection of fresh, ambient, and frozen foodservice products and a convenient in-store shopping experience. "The combined company will have increased purchasing efficiencies, enabling lower prices for more customers. Even more importantly, we see a long runway of opening new Jetro Restaurant Depot warehouses, bringing the industry leader in affordability to hundreds of new communities and creating thousands of new jobs. This allows us to create significant value for our...
In this video, I will discuss SoFi (NASDAQ: SOFI) , Meta , Claude Mythos, and its potential impact on cybersecurity stocks. Watch the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were from the trading day of March. 27, 2026. The video was published on March. 27, 2026. Continue reading
In this video, I will discuss SoFi (NASDAQ: SOFI) , Meta , Claude Mythos, and its potential impact on cybersecurity stocks. Watch the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were from the trading day of March. 27, 2026. The video was published on March. 27, 2026. Continue reading