Earnings summaries and quarterly performance for SYSCO.
Executive leadership at SYSCO.
Kevin P. Hourican
Detailed
Chair of the Board and Chief Executive Officer
CEO
GD
Greg D. Bertrand
Detailed
Executive Vice President, Global Chief Operating Officer
JK
Jennifer K. Schott
Detailed
Executive Vice President, Chief Legal Officer & Secretary
KK
Kenny K. Cheung
Detailed
Executive Vice President, Chief Financial Officer
RL
Ronald L. Phillips
Detailed
Executive Vice President, Chief Human Resources Officer
TR
Thomas R. Peck, Jr.
Detailed
Executive Vice President, Chief Information and Digital Officer
Board of directors at SYSCO.
AD
Ali Dibadj
Detailed
Director
AK
Alison Kenney Paul
Detailed
Director
BM
Bradley M. Halverson
Detailed
Director
DJ
Daniel J. Brutto
Detailed
Director
FD
Francesca DeBiase
Detailed
Director
JM
Jill M. Golder
Detailed
Director
JM
John M. Hinshaw
Detailed
Director
LC
Larry C. Glasscock
Detailed
Lead Independent Director
RM
Roberto Marques
Detailed
Director
SG
Sheila G. Talton
Detailed
Director
Research analysts who have asked questions during SYSCO earnings calls.
AS
Alexander Slagle
Jefferies
8 questions for SYY
Also covers: BJRI, BLMN, CHEF +10 more
JB
Jeffrey Bernstein
Barclays
8 questions for SYY
Also covers: BJRI, BLMN, BROS +22 more
John Heinbockel
Guggenheim Partners
8 questions for SYY
Also covers: ACI, ASO, COST +14 more
JB
Jake Bartlett
Truist Securities
7 questions for SYY
Also covers: CBRL, DENN, DIN +11 more
John Ivankoe
JPMorgan Chase & Co.
7 questions for SYY
Also covers: BLMN, BROS, CAKE +13 more
Edward Kelly
Wells Fargo
6 questions for SYY
Also covers: ACI, BJ, COST +11 more
Mark Carden
UBS
6 questions for SYY
Also covers: ACI, AZO, BJ +8 more
Lauren Silberman
Deutsche Bank
3 questions for SYY
Also covers: BLMN, CAKE, CMG +13 more
Kelly Bania
BMO Capital Markets
2 questions for SYY
Also covers: ACI, ARKO, CASY +11 more
SS
Sara Senatore
Bank of America
2 questions for SYY
Also covers: BLMN, BROS, CAKE +21 more
Brian Harbour
Morgan Stanley
1 question for SYY
Also covers: BLMN, BROS, CAKE +21 more
Danilo Gargiulo
AllianceBernstein
1 question for SYY
Also covers: CAVA, CMG, DPZ +8 more
Recent press releases and 8-K filings for SYY.
Sysco reports Q2 2026 results
SYY
Earnings
Guidance Update
M&A
- Net sales rose 3% and adjusted EPS grew 6.5% in Q2; adjusted operating income was $807 million, adjusted EBITDA $1 billion (+3.3%), and free cash flow reached $413 million (+25% YTD).
- US local case volume increased 1.2%, while International sales grew 7.3% (local case +4.5%) and International adjusted operating income jumped 25.6%.
- Raised FY 2026 adjusted EPS guidance to the high end of $4.50–$4.60, with net sales growth of 3%–5% to $84–$85 billion and expected local case growth of at least 2.5% in Q3 and Q4.
- Expanded Northeast distribution via acquisition of Ginsberg’s Foods, adding capabilities accretive to Sysco’s portfolio.
3 days ago
Sysco delivers Q2 FY2026 results and raises guidance
SYY
Earnings
Guidance Update
M&A
- Recorded enterprise sales increase of 3% (3.5% ex-Mexico), $3.8 B gross profit (+3.9%) at 18.3% margin (+15 bps), $807 M Adjusted Operating Income and $1.0 B Adjusted EBITDA.
- Raised FY2026 Adjusted EPS guidance to the high end of $4.50–$4.60, targeting 5–7% growth excluding incentive compensation headwind.
- US Foodservice Local volume grew 1.2% (140 bps sequential improvement) and is expected to reach at least 2.5% growth in H2; International sales rose 7.3% (9.9% ex-Mexico) with Local case growth of 4.5% and Adjusted Operating Income growth near 26%.
- Completed the tuck-in acquisition of Ginsberg’s Foods in the Northeast to expand high-value regional scale, expected to contribute 50 bps to Local case growth in H2.
- Maintained a robust financial profile with $2.9 B liquidity, net debt leverage of 2.86x, and YTD free cash flow of $413 M (+25%).
3 days ago
Sysco reports Q2 2026 results
SYY
Earnings
Guidance Update
M&A
- Sysco delivered nearly $21 billion in total revenue, up 3% YoY; adjusted EPS grew 6.5%, and free cash flow increased 25% YTD.
- US Foodservice local case volume rose 1.2%, marking a 140 bps sequential improvement, and Sysco expects at least 2.5% local case growth in both Q3 and Q4.
- The company now expects full-year adjusted EPS at the high end of its $4.50–$4.60 guidance range.
- International segment sales increased 7.3%, with 4.5% local case growth and 25.6% adjusted operating income growth.
- Completed acquisition of Ginsberg’s Foods to expand Northeast distribution, expected to add about 50 bps to local case growth in H2.
3 days ago
Sysco reports Q2 2026 results
SYY
Earnings
Guidance Update
Dividends
- Sysco delivered $20.8 B in net sales, up 3.0% YoY, with gross profit of $3.8 B (+3.9%), adjusted operating income of $807 M (+3.1%) and adjusted EPS of $0.99 (+6.5%).
- U.S. Foodservice sales rose 2.4% to $14.4 B, total case volume grew 0.8%, and local case volume improved 1.2% (up 140 bps sequentially).
- International segment sales increased 7.3% to $4.0 B (9.9% ex-Mexico JV), with adjusted operating income up 25.6% to $162 M; SYGMA sales edged +0.5% to $2.1 B, operating income $21 M.
- Strong liquidity: net debt of $12.4 B (2.86x Net Debt/EBITDA) and ~$2.9 B in total liquidity; returned $259 M to shareholders via dividends in Q2.
- Maintains FY26 adjusted EPS growth target of 5–7% (ex-$100 M incentive compensation headwind) and is targeting 2.5%+ local volume growth in 2H26.
3 days ago
Sysco reports Q2 2026 results
SYY
Earnings
Guidance Update
- Sales rose 3.0% year-over-year to $20.8 billion in Q2 FY 2026.
- Gross profit increased 3.9% to $3.8 billion with gross margin up 15 bps to 18.3%.
- GAAP operating income declined 2.8% to $692 million, while adjusted operating income grew 3.1% to $807 million.
- Net earnings fell 4.2% to $389 million (EPS $0.81), but adjusted net earnings rose 3.9% to $476 million (adjusted EPS $0.99).
- Sysco now expects full-year adjusted EPS at the high end of its prior $4.50–$4.60 guidance range.
3 days ago
Sysco Reports Q2 FY26 Results
SYY
Earnings
Guidance Update
- Sysco's Q2 FY26 sales increased 3.0% year-over-year to $20.8 billion, with U.S. Foodservice volume up 0.8% and local volume up 1.2%.
- Gross profit rose 3.9% to $3.8 billion, GAAP operating income decreased 2.8% to $692 million, while adjusted operating income grew 3.1% to $807 million.
- Net earnings declined 4.2% to $389 million (EPS $0.81), but adjusted net earnings increased 3.9% to $476 million (adjusted EPS $0.99).
- Adjusted EBITDA expanded 3.3% to $1.0 billion, despite a 0.9% drop in GAAP EBITDA to $923 million.
- Management raised its full-year adjusted EPS guidance to the high end of $4.50–$4.60 and expects at least 2.5% local case growth in H2 FY26.
3 days ago
Sysco reports Q1 FY2026 results
SYY
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Sysco delivered 3.2% sales growth, 3.9% gross profit growth, and 5.5% adjusted EPS growth in Q1 FY2026, driven by volume improvement, margin expansion, and expense control.
- U.S. Foodservice local volumes inflected positive, with 0.4% growth in Broadline local and 0.3% growth in total USFS local when excluding a FreshPoint exit headwind; the company expects at least a 100 bp sequential improvement in Q2 USFS local volumes.
- International segment achieved 4.5% reported sales growth (7.9% ex-Mexico), ~5% local case volume increase, and 13.1% adjusted operating income growth, marking eight consecutive quarters of double-digit profit expansion.
- FY2026 guidance maintained for 3–5% net sales growth to $84–85 billion and $4.50–$4.60 adjusted EPS, with approximately $1 billion each in dividends and share repurchases planned.
- Financial position remains robust with $3.5 billion liquidity, 2.9× net leverage, $86 million operating cash flow, and a seasonal –$50 million free cash flow in Q1.
Oct 28, 2025, 2:00 PM
Sysco announces Q1 FY2026 results
SYY
Earnings
Guidance Update
New Projects/Investments
- Sales grew 3.2% (3.8% ex-Mexico), gross profit +3.9%, and adjusted EPS +5.5% in Q1 FY26.
- US Foodservice total local volume −0.2%, US Broadline +0.6%, with Sysco Broadline local inflecting to +0.4%; local performance outpaced industry by 120 bps vs. 60 bps, and Q2 local volume expected to improve by +100 bps sequentially.
- Gross margin expanded 13 bps to 18.5%, adjusted operating income was $898 M, and adjusted EBITDA $1.1 B; free cash flow was −$50 M reflecting seasonality.
- FY26 guidance: net sales up 3–5% to $84–85 B, adjusted EPS $4.50–4.60 (1–3% growth; 5–7% ex-compensation headwind); Q2 EPS growth 4–6% to ~$0.98; ~$1 B dividends and ~$1 B buybacks planned.
- Strategic initiatives: rolled out AI 360 (90% SE adoption) and Perks 2.0 driving retention and productivity; acquired Fairfax Meadow to expand UK protein capabilities.
Oct 28, 2025, 2:00 PM
Sysco reports Q1 2026 results
SYY
Earnings
Guidance Update
- Q1 sales of $21.1 billion (+3.2% YoY), gross profit of $3.9 billion (+3.9%), adjusted operating income of $898 million (+2.9%), and adjusted EPS of $1.15 (+5.5%)
- International sales reached $4.0 billion (+4.5% YoY; +7.9% ex-Mexico JV) with adjusted operating income of $147 million (+13.1%)
- SYGMA segment delivered $2.1 billion in net sales and operating income of $25 million (+38.9%)
- Net debt leverage of 2.90× (vs. 2.74× in Q1 2025), with $12.4 billion in net debt and $3.5 billion in liquidity
- Reiterated FY 2026 guidance for sales growth and adjusted EPS growth
Oct 28, 2025, 2:00 PM
Sysco announces Q1 2026 results
SYY
Earnings
Guidance Update
Share Buyback
- Sales grew 3.2% (3.8% ex-Mexico) with gross profit up 3.9%, gross margin expansion of 13 bps, and Adjusted EPS +5.5% YoY.
- US Foodservice local volumes inflected positive (+0.4%), a 130 bps sequential improvement vs. Q4 and over 2× industry traffic gains; expects at least +100 bps further in Q2.
- International segment sales +4.5%, gross profit +6.7%, adjusted operating income +13.1%; Sigma delivered 4% sales and 39% operating income growth.
- Maintained FY 2026 targets: net sales +3–5% to $84–85 billion; Adjusted EPS $4.50–4.60 (+1–3%); Q2 EPS growth ~4–6%, including USFS local volume +100 bps sequentially.
- Robust liquidity ($3.5 billion), 2.9× net leverage, operating cash flow $86 million (+62%), free cash flow −$50 million; dividend up 6% and $1 billion share repurchase plan.
Oct 28, 2025, 2:00 PM
Quarterly earnings call transcripts for SYSCO.
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