1998 Annual Report

General Information

Corporate Offices SYSCO Corporation 1390 Enclave Parkway Houston, Texas 77077-2099 (281) 584-1390 Internet: http://www.sysco.com Annual Shareholders' Meeting The Omni Houston Hotel Four Riverway, Houston, Texas November 6, 1998 at 10:00 a.m. Independent Accountants Arthur Andersen LLP Houston, Texas Counsel Arnall Golden & Gregory LLP Atlanta, Georgia Common Stock  and Dividend Information  SYSCO's common stock is traded on the New York Stock Exchange under the symbol "SYY." The company consistently has paid quarterly cash dividends on its common stock and has increased the dividend 29 times in its 28 years as a public company. The current quarterly cash dividend is $0.09 per share. Dividend Reinvestment Plan with Optional Cash Purchase Feature SYSCO's Dividend Reinvestment Plan provides a convenient way for shareholders of record to reinvest quarterly cash dividends in SYSCO shares automatically, with no service charge or brokerage commissions. The Plan also permits registered shareholders to invest additional money to purchase shares directly through the corporation. In addition, certificates may be deposited directly into a Plan account for safekeeping and may be sold through the Plan for a modest fee. Shareholders desiring information about the Dividend Reinvestment Plan with Optional Cash Purchase Feature may obtain a brochure by contacting the Transfer Agent, BankBoston N.A., at 1-800-730-4001 or the Shareholder Relations Department, SYSCO Corporation, at the corporate offices.  Shareholder Information For information or assistance regarding individual stock records, Dividend Reinvestment Plan with Optional Cash Purchase Feature, dividend or tax information, replacement of stock certificates and transfer instructions, please contact the following: Transfer Agent and Registrar BankBoston, N.A. c/o Boston EquiServe, L.P. P. O. Box 8040 Boston, Massachusetts 02266-8040 1-800-730-4001 Internet: www.equiserve.com Form 10-K and Financial Information A copy of the fiscal 1998 Form 10-K Annual Report filed with the Securities and Exchange Commission, as well as copies of financial reports and other company literature, may be obtained without charge upon written request to the Investor Relations Department, SYSCO Corporation, at the corporate offices, or by calling: 1-800-337-9726. Investor Contact Financial analysts and investment professionals should direct inquiries to: Ms. Toni R. Spigelmyer Assistant Vice President,  Investor and Media Relations (281) 584-1458  Forward Looking Statements  Certain statements made herein are foward-looking statements under the Private Securities Litigation Reform Act of 1995. They include projected sales increases, customer mix, product cost inflation/deflation, implementation and anticipated results of "fold-outs," payment of dividends, consistency and predictability of earnings and cash flow growth, continuation of the share repurchase program, projected sales to particular customers, potential acquisitions and year 2000 compliance efforts and time-tables and the anticipated costs of these efforts. These statements are based on current expectations and management estimates and actual results may differ materially. Decisions to pursue "fold-outs" and expenditures for "fold-outs" could vary depending upon construction schedules and the timing of other purchases, such as fleet and equipment, while "fold-out" results could be impacted by competitive conditions, labor issues and other matters. Acquisitions depend upon the availability and suitability of potential candidates and management's allocation of capital. Industry growth, sales increases, customer mix, product cost inflation/deflation, payment of dividends, the consistency and predictability of earnings and cash flow growth and year 2000 costs and compliance efforts could be affected by conditions in the economy, the industry and internal factors that may alter planned results. Furthermore, potential year 2000 costs and compliance efforts could be affected by the ability of SYSCO's suppliers and customers to effectively address year 2000 issues. Sales to particular customers could be affected by conditions in the economy and the customers' ability to make planned levels of sales available to SYSCO. The share repurchase program could be affected by market prices of the company's stock as well as management's decision to utilize its capital for other purposes.

Previous | Return to Annual Report Main page | Next