SYY · 10-K · 2026A

SYSCO CORP

Filed 2026-08-21 · Consumer · View original filing on EDGAR

Everything SYY's SEC filings said, ranked

Ranked Events

• Debt Financing and Interest ExpenseImportance 81 · Surprise 76
  Sysco’s fiscal 2026 interest expense increased $82 million, or 12.9%, primarily because of newly issued senior notes and bridge-loan issuance-cost amortization. To finance the planned Jetro Restaurant Depot…
• Restaurant Depot AcquisitionImportance 71 · Surprise 60
  In March 2026, Sysco announced an agreement to acquire Jetro Restaurant Depot, a U.S. wholesale cash-and-carry foodservice provider with 167 warehouse stores across 35 states and more than 725,000 independent…
• Capital Return ProgramImportance 65 · Surprise 82
  Sysco repurchased 2,230,415 shares for $200 million in fiscal 2026, compared with $1.3 billion of repurchases in fiscal 2025. The May 2021 authorization permits up to $5.0 billion of repurchases and had approximately…
• Liquidity and Debt PositionImportance 63 · Surprise 64
  At June 27, 2026, Sysco had $1.8 billion in cash and cash equivalents, no borrowings under its long-term revolving credit facility, and approximately $4.8 billion in cash and available liquidity; available liquidity…
• Guidance / OutlookImportance 61 · Surprise 50
  Sysco expects enterprise net sales growth of 6% to 7% in fiscal 2027, supported by expected volume growth, including local case growth, and continued productivity gains among sales professionals. Management expects…
• Restructuring and Transformation CostsImportance 53 · Surprise 82
  Fiscal 2026 operating income was pressured by increased sales headcount investments, restructuring and transformation costs, and higher incentive compensation. Restructuring and transformational project costs were $287…
• Operating Expense TrendsImportance 49 · Surprise 32
  Total operating expenses increased 5.6% to $12.544 billion in fiscal 2026, compared with a 3.9% increase in sales; adjusted operating expenses rose 5.1% to $12.025 billion. The increase reflected sales headcount…
• Gross Margin DriversImportance 49 · Surprise 32
  Consolidated gross profit increased 4.5% to $15.639 billion in fiscal 2026, and gross margin rose 10 basis points to 18.50%. Management attributed the annual margin improvement primarily to strategic sourcing and local…
• U.S. Tax Law ChangesImportance 47 · Surprise 60
  On July 4, 2025, President Trump signed the One Big Beautiful Bill Act (OBBBA) into law. Its provisions include permanent extension of certain expiring Tax Cuts and Jobs Act of 2017 provisions, modifications to the…
• Income Tax Rate ChangesImportance 45 · Surprise 50
  Sysco’s effective tax rate was 22.8% in fiscal 2026, and the company expects a rate of approximately 23.7% to 24.2% in fiscal 2027. The One Big Beautiful Bill Act, signed July 4, 2025, includes changes to international…
• Free Cash Flow and CapexImportance 42 · Surprise 40
  Fiscal 2026 operating cash flow was $2.638 billion, up 5.1% from $2.510 billion in fiscal 2025. Free cash flow increased 16.3% to $2.114 billion from $1.818 billion, reflecting higher operating cash flow and lower…
• Segment Revenue PerformanceImportance 42 · Surprise 14
  U.S. Foodservice Operations sales increased 3.2% to $58.803 billion from $56.965 billion, and gross margin rose 2 basis points to 19.11%. International Foodservice Operations sales grew 7.6% to $16.042 billion;…
• Amortization Expense TrendsImportance 40 · Surprise 42
  Sysco began transitioning its U.K. Brakes® and smaller brands to “Sysco GB” in the second quarter of fiscal 2026. The rebranding will take approximately 19 months and requires straight-line amortization of previously…
• AI Efficiency ProgramImportance 40 · Surprise 42
  Sysco expects technology use, including artificial intelligence, and business-efficiency initiatives across sales, merchandising, supply chain, and back-office functions to generate approximately $100 million of cost…
• Macroeconomic Consumer PressureImportance 37 · Surprise 32
  During fiscal 2026, Sysco experienced negative year-over-year restaurant foot traffic trends. Management expects restaurant foot traffic and the broader macroeconomic environment in fiscal 2027 to remain generally…
• Market Demand TrendsImportance 37 · Surprise 32
  Sysco estimates it serves about 18% of the approximately $377 billion U.S. foodservice market as of calendar year 2025; Technomic estimates the market will reach approximately $390 billion by calendar year 2026. During…
• Segment Operating PerformanceImportance 37 · Surprise 32
  U.S. Foodservice Operations generated $3.518 billion of fiscal 2026 operating income, approximately 85.7% of total segment operating income, with a 6.0% operating margin. International Foodservice Operations operating…
• Strategic InitiativesImportance 34 · Surprise 42
  Sysco’s “Recipe for Growth” transformation is organized around Digital, Products and Solutions, Supply Chain, Customer Teams, and Future Horizons. The company plans to continue investing in its sales organization…
• Interest Rate and Refinancing ExposureImportance 34 · Surprise 42
  Sysco entered into cash-settled deal-contingent rate locks to mitigate interest-rate risk on $6.3 billion of potential permanent debt for the JRD acquisition. Because the contracts depend on consummation of the…
• Products and TechnologyImportance 32 · Surprise 24
  Sysco offers Sysco-branded food and non-food products that it differentiates from privately branded products, using consolidated procurement to support quality and higher gross margins. The company says penetration is…

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