Sysco (SYY) reaffirms FY27 guidance; launches $500M AI efficiency program

Sysco Corporation (NYSE: SYY ) ("Sysco" or the "Company") is reaffirming its fiscal 2027 financial guidance (originally issued on August 4, 2026) ahead of the Company’s webcast presentation from the Barclays 19th Annual Global Consumer Staples Conference in Boston scheduled for today, Wednesday, September 9, at 12:00 p.m. ET. The live conference webcast can be accessed at investors.sysco.com. Re-affirming fiscal 2027 guidance including 9% to 11% adjusted EPS growth (on a 53 week basis) Introducing target of at least $500 million for AI powered efficiency to be realized by fiscal year 2029 Raising mid-term guidance range for net sales growth of 4%-7% and adjusted EPS growth of 9%-11% in fiscal 2028 and fiscal 2029 In conjunction with this reaffirmation of guidance, Sysco also introduced a $500 million multi-year AI powered efficiency improvement program. The AI program will help remove structural cost from the business across the next three fiscal years. The program includes and builds upon the AI and technology enabled efficiency work the Company outlined on its fourth quarter earnings call, which identified $100 million of expected in-year savings included within fiscal 2027 guidance targets. These expected savings, in addition to the Company’s core business performance, will build over time and are expected to deliver meaningful adjusted EPS growth across the three year time horizon. All in, these actions provide confidence in raising the Company’s mid-term growth algorithm which now includes net sales growth of approximately 4%-7% (previously 4%-6%) and adjusted EPS growth of 9%-11% (previously 6%-8%). "We finished fiscal 2026 with momentum, and that momentum has carried into the new year," said Kevin Hourican, Sysco’s Chair of the Board and Chief Executive Officer. "The $500 million of AI powered efficiency improvement will deploy over the next three years. These savings reflect a durable change in how we execute our day-to-day business across truck routing, merchandising, and sales. As the leader in the industry, we are incredibly excited about raising the long-term growth algorithm across sales and adjusted EPS growth. Our technology transformation initiatives and recent Board appointments help to unlock the power of our industry-leading sales force to further strengthen the service levels our customers receive, accelerate the Company’s earnings profile for our shareholders, and position Sysco to delever quickly following the expected closure of the Jetro Restaurant Depot transaction by the third quarter of fiscal 2027." Reaffirms Fiscal 2027 Guidance & Raises Mid-Term Financial Targets Sysco is reaffirming the following expectations for the fiscal year 2027, all of which reflect core Sysco on a standalone basis and include the benefit of the 53rd week: Net sales growth of approximately 6% to 7%, to approximately $90 billion; Adjusted earnings per share of approximately $5.02 to $5.12, representing growth of approximately 9% to 11%; and Exc