SYY · 8-K · 20260804PR000026

Income Tax Rate Changes

SYSCO CORP · 2026-08-04 · Importance 23 · Surprise 22

Fiscal 2026 income taxes declined to $519 million from $587 million despite pretax earnings of $2.276 billion. Cash income taxes paid, net of refunds, declined to $477 million from $640 million. The company disclosed that fiscal 2026 cash taxes included $227 million paid for federal tax credits, compared with $190 million in fiscal 2025. Fourth-quarter income taxes were $169 million versus $186 million in the prior-year quarter, while net earnings declined 3.9% for the full year to $1.757 billion.

Key facts

• 52-week period Income taxes (GAAP) for Jun. 27, 2026: $519 million, compared with $587 million, change $(68) million, (11.6)% source
• 13-week period ended Jun. 27, 2026 Income taxes (GAAP): $169 million, compared with $186 million, change $(17) million, (9.1)% source