1、2022 ANNUAL REPORTFellow Stockholders,As the global leader of foodservice distribution,we think of Sysco as being,in equal measure,a food sales and marketing company,as well as a supply chain company.To be successful in our industry,we must be innovators and strong operators in both food sales and s
2、upply chain.During fiscal year 2022,our Recipe for Growth strategy advanced our capabilities in both arenas,enabling our growth and strengthening our leadership position.Over the past couple of years,we have transformed Sysco from being the most efficient operator in our industry,to becoming a growt
3、h company.We remain the most profitable in our sector from an adjusted EBITDA margin perspective,and,we have added to that success the accelerant known as growth.We successfully grew our market share by more than a full point over the past calendar year.That success was driven by Sysco growing more
4、than 1.3 times the U.S.industry at large in our fiscal year 2022.We are confident in our ability to continue growing faster than the industry,profitably.Why?We have a strategy that is focused on our customers and our associates.We are listening to our customers and associates and providing them more
5、 of what they need,helping them solve challenging issues,and providing them with innovation that enables their success.We have always had the broadest assortment in the industry,introduced to our customers through the industrys best trained sales force.Over the last couple of years,we have taken tha
6、t position of strength and improved the flexibility and agility of our supply chain.Additionally,we have improved our ability to be“right on price”through strong partnerships with our suppliers and a new pricing tool that enables us to target pricing at the item level for each individual customer.Th