SYY · 10-Q · 2026Q3

SYSCO CORP

Filed 2026-11-04 · Consumer · View original filing on EDGAR

Everything SYY's SEC filings said, ranked

Ranked Events

• Guidance / OutlookImportance 67 · Surprise 50
  Sysco expects sales growth at the lower end of its 6% to 7% range for fiscal 2027, reflecting lower industry inflation, partially offset by the fiscal year’s 53rd week. Enterprise inflation was approximately 0.3% in…
• Interest Expense IncreaseImportance 65 · Surprise 82
  Interest expense increased $89 million, or 51.7%, in the first quarter of fiscal 2027, primarily because of $90 million of bridge-loan debt-issuance-cost amortization associated with the planned JRD acquisition. Sysco…
• Other Income (Expense), NetImportance 59 · Surprise 82
  Other income increased $259 million year over year, and the first quarter of fiscal 2027 recorded $231 million of other income compared with $28 million of expense in fiscal 2026. The principal driver was a $234…
• Restaurant Depot AcquisitionImportance 59 · Surprise 60
  Sysco agreed to acquire Jetro Restaurant Depot (JRD), a U.S. wholesale cash-and-carry foodservice provider, with closing expected by the third quarter of fiscal 2027 subject to customary conditions and…
• Restructuring ChargesImportance 59 · Surprise 82
  Fiscal 2027 Certain Items included $102 million of restructuring, transformation, and other costs, versus $56 million in fiscal 2026, a $46 million increase. The fiscal 2027 amount comprised $80 million for…
• Liquidity and Debt PositionImportance 56 · Surprise 24
  Sysco held $3.2 billion in cash and cash equivalents as of September 26, 2026, with approximately 24% held by international subsidiaries, and stated that cash flows, available facilities, and capital-market access…
• Interest Rate and Refinancing ExposureImportance 52 · Surprise 42
  Sysco completed bond and equity financing in the first quarter of fiscal 2027 and early October 2026 for the cash component of the proposed JRD acquisition. The company expects approximately $787 million of interest…
• Equity Offering and Share RepurchasesImportance 52 · Surprise 42
  On September 16, 2026, Sysco issued 12,345,679 common shares at $81 per share and received approximately $967 million net of underwriting fees and issuance costs to help finance the proposed JRD acquisition. The…
• Capital Expenditures and Free Cash FlowImportance 51 · Surprise 64
  Free cash flow was positive $230 million in the first 13 weeks of fiscal 2027, versus negative $50 million in the comparable fiscal 2026 period. Operating cash flow increased to $278 million from $86 million, while…
• AI Efficiency ProgramImportance 44 · Surprise 42
  Sysco expects technology-enabled efficiency initiatives, including artificial intelligence, to generate approximately $100 million of net cost savings in fiscal 2027. The initiatives cover sales, merchandising, supply…
• Products and TechnologyImportance 26 · Surprise 24
  Sysco is promoting specialty programs focused on produce, protein and Italian products as part of its Recipe for Growth transformation. The company says its developing capabilities are contributing to new customer wins…
• Market Demand TrendsImportance 25 · Surprise 32
  Restaurant foot traffic decreased approximately 2% in the first quarter of fiscal 2027 compared with the first quarter of fiscal 2026. Management said the macroeconomic environment was negatively affected by a…
• Quarterly Dividend DeclarationImportance 24 · Surprise 14
  Sysco paid $264 million of dividends, or $0.55 per share, in the first 13 weeks of fiscal 2027, compared with $259 million, or $0.54 per share, in the prior-year period. In August 2026, the company declared its regular…
• Operating Expense TrendsImportance 24 · Surprise 14
  Total operating expenses increased 7.5% to $3.334 billion in the first quarter of fiscal 2027, compared with adjusted operating-expense growth of 4.0% to $3.124 billion. Adjusted operating expenses rose to 14.37% of…
• Gross Margin DriversImportance 24 · Surprise 14
  Consolidated gross profit increased 3.8% to $4.051 billion in the first quarter of fiscal 2027, and gross margin increased 18 basis points to 18.63%. Management attributed the margin improvement to local case-volume…
• Revenue Performance and MixImportance 24 · Surprise 14
  First-quarter fiscal 2027 sales rose 2.8%, or $596 million, to $21.744 billion year over year; constant-currency sales growth was 3.0%. U.S. Foodservice Operations sales increased 2.4% to $15.142 billion, International…
• Operating Income and MarginsImportance 21 · Surprise 40
  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…

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