Chief Executive Officer & Chairman, Sysco
Search every verified Kevin Hourican interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Kevin Hourican, chairman and CEO of Sysco, discussed the company's $29 billion acquisition of Jetro Restaurant Depot in a March 31, 2026 interview on CNBC's "Squawk Box." Hourican described Restaurant Depot as "the gem of an asset" and a "one-stop shop warehouse store for restaurants seeking value and lower prices," noting that customers save 15 to 20% by shopping there instead of having food delivered. He stated that Sysco plans to leverage its supply chain to open 125 net new Restaurant Depot locations over the next two decades, which he characterized as "decades of growth." Hourican also addressed the financial outlook for the combined company, projecting that Sysco's revenue would reach $100 billion with an operating margin of 6%. He said that by year four, the deal would generate $2 billion of excess free cash flow that could be returned to investors through dividends and share buybacks. Hourican emphasized that the acquisition is "day one accretive" and brings a "double digit operating margin business" into Sysco.
“Restaurant Depot is the gem of an asset; it's a one-stop shop warehouse store for restaurants seeking value and lower prices because the restaurants do a lot of the work, and they save about 15 to 20% by going to that store versus having the food delivered.”
“Year four, get this part, two billion dollars of excess free cash flow that we could return to our investors, increase dividend, increase share buyback, invest in the business for growth.”
“95% of food in every country we compete in is bought within that country. Food is an inherently local commodity. So 95% purchased within country, which greatly decreases that tariff headwind on our business.”
“Currently, produce is exempt through USMCA. We would like to see that exemption continued because the why those products are bought from Mexico in the winter is because they can't be grown in the United States during the winter. So, it's just pure logic. It doesn't make sense to tax or tariff a category that can't be p...”
Sysco chairman and CEO Kevin Hourican joins 'Squawk Box' to discuss details of the $29 billion deal to acquire Jetro Restaurant Depot, company growth outlook, and more.
Sysco CEO Kevin Hourican said Tuesday that 95% of food is sourced locally, which decreases tariffs' impact, but he urged the ...
Kevin Hourican, Sysco CEO, joins 'Money Movers' to discuss Q2 earnings, consumer spending.
01/28/2025 Q&A: 28:31 Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. The company operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments. It distributes frozen food, such as meat, seafood, fully prepared entrees, fruits, vegetables, and desserts; canned and dry food products; fresh meat and seafood products; dairy products; beverages; im…
Rising commodity prices pose real challenges for large food manufacturers. Kevin Hourican, the CEO of Sysco, a food distribution ...
07/30/2024 Q&A: 28:10 Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments. The company distributes frozen food, such as meat, seafood, fully prepared entrees, fruits, vegetables, and desserts; canned and dry food products; fresh meat and seafood products; dairy products; beverages; im…
10/31/2023 Q&A: 27:21 Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments. The company distributes frozen food, such as meat, seafood, fully prepared entrees, fruits, vegetables, and desserts; canned and dry food products; fresh meat and seafood products; dairy products; beverages; im…
In case you missed it, Kevin Hourican, Sysco's President and CEO appeared on Mad Money with Jim Cramer this week to discuss ...
CNBC's Jim Cramer spoke with Sysco CEO Kevin Hourican on Tuesday's episode of "Mad Money." Sign up and learn more about ...
Sysco CEO Kevin Hourican identified where eating establishments have begun to recover from the Covid-19 downturn in the country and the pockets of growth the suppliers company expects will future catalysts for business. Subscribe to CNBC PRO for access to investor and analyst insights: https://cnb.cx/2Vtntx6 » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNB…
Sign in to search the full transcript archive, filter by topic, and access every quote from Kevin Hourican.