Sysco Sees Restaurant Orders Staying Strong, Lifts Outlook
Sysco Corp. (NYSE: SYY ) reported fourth-quarter fiscal 2026 results on Tuesday that topped Wall Street estimates for earnings and revenue, driven by volume growth in its U.S. foodservice business and continued strength in its international operations. The food distributor also issued fiscal 2027 guidance that exceeded analysts’ expectations. Q4 Earnings Beat Estimates Sysco reported adjusted earnings of $1.53 per share, beating the analyst consensus estimate of $1.51. Quarterly sales rose 4.7% year over year to $22.124 billion, ahead of the Street estimate of $21.938 billion. GAAP net earnings increased 3.8% to $551 million, while diluted earnings per share rose to $1.15 from $1.10 a year earlier. Adjusted net earnings climbed 2.5% to $734 million. Gross profit increased 3.7% to $4.13 billion, although gross margin narrowed 17 basis points to 18.7% due to product cost inflation...
Sysco Corp. S. foodservice business and continued strength in its international operations. The food distributor also issued fiscal 2027 guidance that exceeded analysts’ expectations.
51. 938 billion. 10 a year earlier. 5% to $734 million.
7% due to product cost inflation, primarily in meat and fresh produce. 14 billion. S. 4 billion during the quarter.
6%. 2 billion, marking the segment’s 11th consecutive quarter of double-digit adjusted operating income growth. 5%. Chairman and CEO Kevin Hourican said the company delivered positive case growth across its local, national and international businesses and expects artificial intelligence-driven process improvements to further expand operating margins.
8 billion. 7 times. 0 billion in dividends. 1 billion.
Capital expenditures, net of proceeds from sales of plant and equipment, totaled $524 million for fiscal 2026. 93. 71 billion. S.
S. health agencies linked them to a multistate cyclosporiasis outbreak. The guidance implies sales growth of 6% to 7% and adjusted EPS growth of 9% to 11% on a 53-week basis. Management said the outlook includes approximately $100 million in combined cost savings from AI-enabled business transformation initiatives and previously announced cost-out actions, including carry-forward benefits from earlier initiatives.
90 during premarket trading on Tuesday, according to Pro data. Photo by refrina via Shutterstock Read Also: David Friedberg Says Mamdani's City-Owned Grocery Stores Will Beat Whole Foods and Safeway— Then Comes the Part That Should Worry Everyone: 'Because the Bill Doesn't…'