SYY reaffirms FY27 guidance; targets raised on AI efficiencies
Restaurant Depot acquisition is expected to close in Q3. SYY reaffirmed FY27 guidance and raised midterm sales and EPS targets, citing $500M in AI-driven efficiencies by FY29, alongside a deleveraging plan and continued dividend growth.
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05:27:11 PM UTC
SquawkNews
SYY: Raised midterm guidance and AI-driven efficiencies set the stage for accretive Restaurant Depot acquisition
FY27 guidance was reaffirmed, with raised midterm sales and EPS targets fueled by $500M in AI-driven efficiencies by FY29. The Restaurant Depot acquisition is expected to close in Q3, boosting revenue, EBITDA, and free cash flow, while a disciplined deleveraging plan and continued dividend growth s…