SYY · 10-Q · 2026Q3 · Full report

Operating Income and Margins

SYSCO CORP · 2026-11-04 · Importance 21 · Surprise 40 · Matches filing data

Consolidated operating income declined 10.4%, or $83 million, to $717 million, and GAAP operating margin fell 48 basis points to 3.30%. Excluding Certain Items, operating income increased 3.2% and operating margin was 4.26%, up 1 basis point year over year. U.S. Foodservice Operations operating income increased 1.6%, while International Foodservice Operations operating income declined 28.1% and SYGMA operating income fell 16.0%. Global Support Center operating loss widened to $289 million from $223 million, a 29.6% increase in the loss.

Key facts

• Sysco operating income decreased 10.4%, or $83 million, to $717 million in the first quarter of fiscal 2027, primarily due to higher acquisition-related, restructuring, and transformational project costs. source
• Excluding Certain Item expenses, Sysco adjusted operating income increased 3.2%, or $29 million, to $927 million in the first quarter of fiscal 2027. source
• Sysco adjusted net earnings increased 4.2%, or $23 million, to $574 million in the first quarter of fiscal 2027, excluding Certain Item expenses and income. source
• Divestiture of one or more of Sysco's businesses may not produce the anticipated effects on its operations. source
• Sysco basic earnings per share increased 10.1%, or $0.10, to $1.09 in the first quarter of fiscal 2027. source
• Sysco diluted earnings per share increased 10.1%, or $0.10, to $1.09 in the first quarter of fiscal 2027. source
• Sysco adjusted diluted earnings per share increased 3.5%, or $0.04, to $1.19 in the first quarter of fiscal 2027. source
• Sysco EBITDA increased 20.4%, or $205 million, to $1.2 billion in the first quarter of fiscal 2027. source

Impact estimates