Why Sysco Shares Fell 36% in the First Half

Shares of Sysco (NYSE: SYY) fell 36.1% in the first half of 2020, according to data from S&P Global Market Intelligence. Like most stocks in the foodservice industry, Sysco crashed hard in February and March as the COVID-19 pandemic closed restaurants, followed by a solid rebound starting in April. Taking the pandemic into account, Sysco declined to offer near-term guidance figures while reducing operating income expectations for its three-year growth plan.