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While the resurgence of COVID-19 cases doesn’t bode well for the food distribution industry, food services venues, including restaurants and cafeterias, continue to recover, with sales climbing to a $72.2 billion all-time high in July, up from a pandemic low of $29.9 billion in April 2020. Also, several schools have reopened over the past few months, implementing required safety measures. So, the demand for food distribution services should increase.
Given this backdrop, we think food distribution stocks Sysco Corporation (NYSE:SYY) and US Foods Holding Corp . (NYSE:USFD) could deliver solid upside in the coming months.
