SYY · 8-K · 20260804PR000026

Operating Expense Trends

SYSCO CORP · 2026-08-04 · Importance 49 · Surprise 32 · In source text

Fiscal 2026 operating expenses increased 5.6% to $12.5 billion, driven by sales headcount and capacity investments, higher incentive compensation, and acquisition-related costs, partly offset by cost-out efficiencies. Fourth-quarter operating expenses increased 1.7% to $3.2 billion, primarily from acquisition-related costs, sales headcount, and capacity investments. Annual International Foodservice operating expenses increased 10.0% to $2.9 billion, while adjusted expenses increased 7.8% and 3.4% on a constant-currency basis. Annual U.S. Foodservice operating expenses increased 4.9% to $7.7 billion, with adjusted expenses up 4.7%.

Key facts

• GLOBAL SUPPORT CENTER Operating expenses (GAAP): $1,057 million in current period versus $930 million in prior period, change $127 million, 13.7% source
• TOTAL SYSCO Operating expenses (GAAP): $12,544 million, compared with $11,881 million, change $663 million, 5.6% source
• TOTAL SYSCO Operating expenses adjusted for Certain Items (Non-GAAP): $12,025 million, compared with $11,446 million, change $579 million, 5.1% source
• GLOBAL SUPPORT CENTER Operating expenses adjusted for Certain Items (Non-GAAP): $895 million in current period versus $851 million in prior period, change $44 million, 5.2% source
• Sysco's fourth-quarter operating income adjusted for Certain Items (Non-GAAP) was $1,140 million, an increase of $45 million or 4.1%. source
• Operating expenses increased 1.7% for the fourth quarter to $3.2 billion. source
• Adjusted operating expenses increased 3.6% to $3.0 billion in the fourth quarter. source
• Operating expenses for fiscal year 2026 increased 5.6% to $12.5 billion. source

Impact estimates