Edward Kelly
Wells Fargo Securities, LLC, Analysis Division
All proper. Good morning, everybody, and welcome to the Wells Fargo Shopper Convention. I am Ed Kelly. I cowl Staples Retail and Meals Service at Wells Fargo. We hope you all have a productive and pleasurable few days out right here in California. So kicking off the convention, which is type of typical, I feel, for us now’s Sysco. We’re very completely satisfied to have you ever right here, and thanks for collaborating once more. Sysco is the main meals service participant within the U.S. and in worldwide markets the place it competes.
Becoming a member of us from the corporate, are Chairman and CEO, Kevin Hourican in addition to CFO, Kenny Cheung. Kevin Kim from Investor Relations can also be within the viewers right here. However I feel simply to kick issues off, Kevin, I feel you wished to only make a number of feedback, after which we’ll get into some Q&A. And if we’ve got time on the finish, we’ll open it up for anybody within the viewers.
Kevin Hourican
CEO & Chairman
Okay. Nice. Good morning, everybody. I admire your becoming a member of within the room. Ed, thanks for internet hosting and to the Wells crew for inviting us again. For those who joined just about, we admire your curiosity and participation. In order Ed stated, we are the #1 participant in what we name the meals away-from-home area. That is each domestically and internationally. We have produced $81 billion of high line income this previous fiscal yr that ended on June 30, 60% eating places, 40%, what we name noncommercial, which is hospitals, schooling, authorities amenities, sporting venues, enterprise business and the like. The necessary level on the 40% is we name these much less recession impacted. So these
