Sysco (SYY) Research | Aerarium Research

Forward Estimates

EPS Estimates

Current Qtr

$1.51

$1.50$1.54

vs $1.48+2.2%

14 analysts

Next Qtr

$1.19

$1.07$1.26

vs $1.15+3.7%

14 analysts

Current Yr

$4.59

$4.53$4.61

vs $4.46+2.8%

17 analysts

Next Yr

$4.95

$4.85$5.20

vs $4.59+8.0%

16 analysts

Revenue Estimates

Current Qtr

$21.88B

$21.00B$22.18B

vs $21.14B+3.5%

13 analysts

Next Qtr

$21.96B

$21.77B$22.28B

vs $21.15B+3.9%

12 analysts

Current Yr

$84.38B

$83.95B$84.61B

vs $81.37B+3.7%

15 analysts

Next Yr

$88.52B

$86.56B$89.59B

vs $84.38B+4.9%

14 analysts

SEC filings →

View all 10-K, 10-Q, and 8-K filings for SYY on EDGAR.

SYY filing events and research context
Filed	Item	Context
Apr 29, 2026	mda_quarterly	Sysco reported third-quarter fiscal 2026 sales of $20.5 billion, a 4.7% increase driven by volume growth, including a 3.3% rise in U.S. local case volumes, despite a 1.9% decline in restaurant foot traffic. Gross profit increased 6.5% through strategic sourcing and the management of 2.8% inflation in dairy, meat, and seafood. GAAP operating income declined 9.1% to $619 million, primarily due to higher incentive compensation, restructuring, and acquisition costs. The company is aggressively expanding its footprint through the acquisitions of Fairfax Meadow and Ginsberg’s Foods and a definitive agreement to acquire Jetro Restaurant Depot for approximately $29.1 billion to enter the wholesale cash-and-carry market. This transaction is being financed via a $19 billion bridge loan and a $3 billion delayed draw term loan. In Europe, Sysco is rebranding Brakes to Sysco GB, which will result in $100 million of amortization over two years. Key financial risks include a legal dispute with the IRS regarding foreign tax credits from Canadian operations and ongoing macroeconomic pressure on consumer sentiment. Additionally, Sysco utilized the Inflation Reduction Act to purchase $241 million in Transferable Tax Credits to offset federal income tax liabilities.
Jan 28, 2026	mda_quarterly	Sysco reported second-quarter fiscal 2026 sales of $20.8 billion, a 3.0% increase driven by growth across U.S. Foodservice, International Foodservice, and SYGMA segments. Gross profit rose 3.9% due to strategic sourcing and inflation management, though GAAP operating income declined 2.8% to $692 million, weighed down by restructuring, transformation, and acquisition costs. Adjusted operating income grew 3.1% to $807 million. Despite a 230-basis-point sequential decline in restaurant foot traffic, U.S. local case volume grew 1.2%. Enterprise-wide inflation was 2.9%, primarily concentrated in meat and seafood. International sales grew 7.3%, supported by the acquisition of Fairfax Meadow and expanded supply chain capacity, though results were offset by currency fluctuations. In the UK, the rebranding of Brakes to Sysco GB will trigger approximately $100 million in amortization over two years. Free cash flow for the first 26 weeks reached $413 million, and the company intends to resume share repurchases in the second half of the year. Financial risks include volatile consumer sentiment and an ongoing IRS dispute regarding foreign tax credits from Canadian operations.
Oct 29, 2025	mda_quarterly	First-quarter fiscal 2026 sales increased 3.2% to $21.1 billion, driven by growth across U.S. Foodservice, International Foodservice, and SYGMA segments. While GAAP net earnings decreased 2.9% to $476 million, adjusted net earnings rose 2.0% to $551 million, reflecting the impact of restructuring and transformation costs. Gross profit grew 3.9% due to strategic sourcing initiatives, which helped mitigate 3.4% enterprise-level inflation concentrated in meat and seafood. U.S. Foodservice case volume grew 0.1%, while International local case volumes increased approximately 5%. Operating expenses rose 5.3% to $3.1 billion, fueled by sales headcount investments and facility expansions. Strategic expansion continued with the October 2025 acquisition of Fairfax Meadow to enhance UK specialty meat capabilities. Free cash flow declined to negative $50 million, primarily due to $160 million in capital expenditures. Financial risks include a pending IRS dispute regarding $131 million in tax benefits related to Canadian repatriated earnings. The "Recipe for Growth" transformation continues to prioritize digital capabilities and specialty programs in produce, protein, and Italian products to capture market share despite macroeconomic pressures on consumer sentiment.

Filed

Item

Context

Apr 29, 2026

mda_quarterly

Sysco reported third-quarter fiscal 2026 sales of $20.5 billion, a 4.7% increase driven by volume growth, including a 3.3% rise in U.S. local case volumes, despite a 1.9% decline in restaurant foot traffic. Gross profit increased 6.5% through strategic sourcing and the management of 2.8% inflation in dairy, meat, and seafood. GAAP operating income declined 9.1% to $619 million, primarily due to higher incentive compensation, restructuring, and acquisition costs. The company is aggressively expanding its footprint through the acquisitions of Fairfax Meadow and Ginsberg’s Foods and a definitive agreement to acquire Jetro Restaurant Depot for approximately $29.1 billion to enter the wholesale cash-and-carry market. This transaction is being financed via a $19 billion bridge loan and a $3 billion delayed draw term loan. In Europe, Sysco is rebranding Brakes to Sysco GB, which will result in $100 million of amortization over two years. Key financial risks include a legal dispute with the IRS regarding foreign tax credits from Canadian operations and ongoing macroeconomic pressure on consumer sentiment. Additionally, Sysco utilized the Inflation Reduction Act to purchase $241 million in Transferable Tax Credits to offset federal income tax liabilities.

Jan 28, 2026

mda_quarterly

Sysco reported second-quarter fiscal 2026 sales of $20.8 billion, a 3.0% increase driven by growth across U.S. Foodservice, International Foodservice, and SYGMA segments. Gross profit rose 3.9% due to strategic sourcing and inflation management, though GAAP operating income declined 2.8% to $692 million, weighed down by restructuring, transformation, and acquisition costs. Adjusted operating income grew 3.1% to $807 million. Despite a 230-basis-point sequential decline in restaurant foot traffic, U.S. local case volume grew 1.2%. Enterprise-wide inflation was 2.9%, primarily concentrated in meat and seafood. International sales grew 7.3%, supported by the acquisition of Fairfax Meadow and expanded supply chain capacity, though results were offset by currency fluctuations. In the UK, the rebranding of Brakes to Sysco GB will trigger approximately $100 million in amortization over two years. Free cash flow for the first 26 weeks reached $413 million, and the company intends to resume share repurchases in the second half of the year. Financial risks include volatile consumer sentiment and an ongoing IRS dispute regarding foreign tax credits from Canadian operations.

Oct 29, 2025

mda_quarterly

First-quarter fiscal 2026 sales increased 3.2% to $21.1 billion, driven by growth across U.S. Foodservice, International Foodservice, and SYGMA segments. While GAAP net earnings decreased 2.9% to $476 million, adjusted net earnings rose 2.0% to $551 million, reflecting the impact of restructuring and transformation costs. Gross profit grew 3.9% due to strategic sourcing initiatives, which helped mitigate 3.4% enterprise-level inflation concentrated in meat and seafood. U.S. Foodservice case volume grew 0.1%, while International local case volumes increased approximately 5%. Operating expenses rose 5.3% to $3.1 billion, fueled by sales headcount investments and facility expansions. Strategic expansion continued with the October 2025 acquisition of Fairfax Meadow to enhance UK specialty meat capabilities. Free cash flow declined to negative $50 million, primarily due to $160 million in capital expenditures. Financial risks include a pending IRS dispute regarding $131 million in tax benefits related to Canadian repatriated earnings. The "Recipe for Growth" transformation continues to prioritize digital capabilities and specialty programs in produce, protein, and Italian products to capture market share despite macroeconomic pressures on consumer sentiment.

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SYY filing events and research context

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