the dummies haven't figured out that the consumer will continue to visit restaurants. The key difference is the consumer is trading down to lesser expensive stores, either way SYY gets the money delivering the foodseervice products.
I think SYY shocks the analysts with beating consensus EPS handily.
Restaurant bankruptcies are accelerating at a brisk pace. Companies are slashing costs by eliminating entertainment accounts. If Obamacare passes which will require health benefits, small businesses such as restaurants will have reductions in already small profit margins and thousands will close. Restaurant chains with the exception of fast food are under extreme pressure and face bankruptcy. There is no growth on the horizon. Obamacare will lead to fewere nursing homes. The restaurant suppy industry will be in trouble for a long period.