SYY · 8-K · 20260804PR000026

Headcount / Restructuring

SYSCO CORP · 2026-08-04 · Importance 59 · Surprise 82 · In source text

Fiscal 2026 restructuring and transformation costs totaled $287 million, compared with $183 million in fiscal 2025, a $104 million increase. The fiscal 2026 amount included $71 million for restructuring, severance, and legal-matter costs and $216 million for transformation initiatives. Transformation spending primarily covered supply-chain transformation and changes to Sysco’s business-technology strategy. International Foodservice included $148 million of restructuring and transformation costs, primarily in Europe, while the fourth-quarter total-company amount was $80 million.

Key facts

• TOTAL SYSCO Impact of restructuring and transformational project costs on operating expenses: $287 million in the current period versus $183 million in the prior period, change $104 million, 56.8% source
• GLOBAL SUPPORT CENTER Impact of restructuring and transformational project costs: $(5) million in current period versus $(90) million in prior period, change $64 million, (40.6)% source
• Fiscal year 2026 included $287 million of restructuring and transformation project costs and $232 million of acquisition-related costs removed in adjustments. source
• Trailing twelve months Certain Item adjustments include $280 million impact from restructuring and transformational project costs and $84 million impact from acquisition-related costs, plus $54 million impact from deal contingent rate lock transactions, totaling adjusted EBITDA $4,387 million source
• Fiscal year 2026 includes $71 million related to restructuring costs, severance charges, and costs associated with a legal matter and $216 million related to various transformation initiative costs (per note). source
• 13-week period ended Jun. 27, 2026 Impact of restructuring and transformational project costs on EBITDA: $77 million versus $74 million prior, change $3 million, 4.1% source
• Note: Fiscal year 2026 includes a reversal (or reversal of charges) associated with a legal matter in the 13-week period ended Jun. 27, 2026 and charges associated with a legal matter in fiscal 2026 (captured in certain items) source
• Note (1): Primarily represents severance charges, transformation initiative costs, and costs associated with a legal matter source

Impact estimates