Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
Sysco's fiscal 2026 was defined by the pending Jetro Restaurant Depot acquisition and steady top-line growth that masked bottom-line pressure. Management attributed the sales increase to inflation and volume growth, including local customer case gains, while net earnings declined as operating expenses and acquisition-related costs rose. Adjusted profitability improved, with adjusted diluted EPS reaching $4.61, and included a $54 million loss on rate lock transactions tied to the acquisition financing. Looking ahead, Sysco expects fiscal 2027 net sales growth of 6% to 7% as it integrates recent acquisitions.
Revenue
$84.55B
+3.91% YoY
EPS (Diluted)
$3.66
-1.88% YoY
Gross Margin
18.5%
+0.1 pts YoY
Operating Income
$3.1B
+0.23% YoY
Filed · Source: SEC EDGAR 10-K filing · Audit Opinion: Unqualified (Source: Report of Independent Registered Public Accounting Firm)
Next SYY earnings expected
Source: SEC XBRL
Sysco (SYY) reported FY2026 revenue of $84.55B, up 3.9% year over year. Operating margin was 3.7%, down 0.1 points from 3.8% a year earlier. Operating cash flow was $2.64B, up 5.1% year over year.
Last 4 quarters: 3 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026This filing | 1.53 | 1.53 | Beat +0.2% |
| Mar 2026 | 0.94 | 0.95 | Miss -1.4% |
| Dec 2025 | 0.99 | 0.99 | Beat +0.4% |
| Sep 2025 | 1.15 | 1.13 | Beat +1.5% |
Reported EPS of $1.53 versus the $1.53 analyst consensus — a +0.2% beat for Jun 2026.
4 reported segments · SEC XBRL
Segment revenue totals $84.55B, which is the $84.55B of consolidated revenue on the income statement.
Profit above is reported as operating income, the measure SYY itself discloses in this filing. Each company chooses its own measure here, so these margins are not comparable with another company's.
Compiled by AI from 10-K Item 7 of this filing
Sysco expects fiscal 2027 enterprise net sales growth of 6% to 7%, with inflation of approximately 1.5% to 2.0% and continued volume growth, including local case volume gains. Management also anticipates approximately $100 million in cost savings from technology and efficiency initiatives.
Source: 10-K Item 7 MD&A
Adjusted operating income increased 2.6% and adjusted diluted EPS rose to $4.61 in fiscal 2026, excluding Certain Items such as a legal matter charge, bridge loan amortization, and a $54 million loss on deal contingent rate lock transactions related to the Jetro Restaurant Depot acquisition.
Source: 10-K Item 7 MD&A
U.S. Foodservice total case volume increased 1.4%, with local case volume up 1.7% and national case volume up 1.3%. Sysco brand penetration for U.S. Broadline decreased 59 basis points to 35.4% due to lower penetration across customer types.
Source: 10-K Item 7 MD&A
International Foodservice local case volumes increased approximately 4.3%, driven by expanded supply chain capacity, increased availability of Sysco branded merchandise, and increased sales headcount. Excluding the divested Mexico joint venture, International sales increased 9.1%.
Source: 10-K Item 7 MD&A
Sysco expects the Jetro Restaurant Depot acquisition to close by the third quarter of fiscal 2027, subject to regulatory clearance. Financing includes a $19 billion bridge facility (reduced from $22 billion by a $3 billion delayed draw term loan), and Sysco expects about $96 million of incremental interest expense from the bridge facility in fiscal 2027.
Source: 10-K Item 7 MD&A
Compiled by AI from 10-K Item 1A of this filing · 3 high, 2 medium, 0 low
The Transactions are subject to conditions, including regulatory approval under the HSR Act, some or all of which may not be satisfied on a timely basis, if at all. Failure to complete the acquisition could disrupt Sysco's plans and result in substantial costs.
Source: 10-K Item 1A Risk Factors
Sysco may not be able to obtain financing for the Transactions on favorable terms or at all. The company has a $19 billion bridge facility and a $3 billion delayed draw term loan, but current market conditions and macroeconomic factors could affect the availability and cost of future debt or equity issuances.
Source: 10-K Item 1A Risk Factors
The mergers are subject to the Hart-Scott-Rodino Act, and regulatory authorities may impose conditions that could have an adverse effect on Sysco following the Transactions or delay, prevent, or increase the costs associated with completion.
Source: 10-K Item 1A Risk Factors
Sysco may not achieve the intended benefits from the Jetro Restaurant Depot transaction or other acquisitions, and the integration could disrupt current plans or operations. If unable to finance and integrate acquired businesses effectively, earnings per share could be materially adversely affected.
Source: 10-K Item 1A Risk Factors
Sysco's level of indebtedness and the terms of its indebtedness could adversely affect its business and liquidity position. The pending acquisition is expected to increase debt levels, including the bridge facility, adding interest expense that could reduce financial flexibility.
Source: 10-K Item 1A Risk Factors
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 84.55 $B | 81.37 $B | +3.91% |
Cost of Revenue $B | 68.91 $B | 66.40 $B | +3.78% |
Gross Profit $B | 15.64 $B | 14.97 $B | +4.48% |
Operating Income $B | 3.10 $B | 3.09 $B | +0.23% |
Net Income $B | 1.76 $B | 1.83 $B | -3.88% |
EPS (Basic) $ | 3.67 $ | 3.74 $ | -1.87% |
EPS (Diluted) $ | 3.66 $ | 3.73 $ | -1.88% |
Answers draw on this SEC filing and the data on this page
SYY's Q3 FY2026 results show a modest revenue increase but declining profitability due to rising costs and reduced operating income.
SYY's Q2 FY2026 report shows modest revenue growth but declining net income and EPS, with strong cash flow improvements and increased cash reserves.