(May 22, 2020) - Foodservice is an integral part of a $300B value chain, supplying restaurants, hospitality and retail industries with food & materials supplies. The space is fragmented with ~15,000 distributors, however the top 3 players (Sysco, US Foods and Performance Food Group, “Big 3”) own ~30% of the market. Since March, the stock market has hammered publicly traded food distributors (rightly so), but as the dust settles it’s hard to argue upside doesn’t exist to their current share price.
🍟Food Distribution - A Misunderstood Story🥓
🍟Food Distribution - A Misunderstood Story🥓
🍟Food Distribution - A Misunderstood Story🥓
(May 22, 2020) - Foodservice is an integral part of a $300B value chain, supplying restaurants, hospitality and retail industries with food & materials supplies. The space is fragmented with ~15,000 distributors, however the top 3 players (Sysco, US Foods and Performance Food Group, “Big 3”) own ~30% of the market. Since March, the stock market has hammered publicly traded food distributors (rightly so), but as the dust settles it’s hard to argue upside doesn’t exist to their current share price.