SYY
Sysco Corporation75.12
-0.31-0.41%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q2 '26
Q&A confirms accelerating volume momentum
Q&A reinforced Sysco's confident H2 outlook, granularly confirming local case growth strengthened each month through Q2 and kicked off strong in January despite weather givebacks this week. Management touted record-high new customer wins and 12-month lows in losses, widening the new-vs-lost spread while penetration rose against traffic declines. Drop sizes slipped 1%, offset by routing tech. EPS guidance lift flows from H1 operational beats, not D&A changes. Momentum builds steadily. Analysts probed macro softness and phasing; answers stayed Sysco-focused. Watch H2 volumes for share gains.
Key Stats
Market Cap
35.97BP/E (TTM)
20.14Basic EPS (TTM)
3.73Dividend Yield
0.03%Recent Filings
8-K
CFO resigns; interim named
Sysco's CFO Kenny Cheung resigned February 27, 2026, for a Fortune 10 gig elsewhere—no disagreements. Brandon Sewell, U.S. Foodservice CFO, steps in as interim CFO March 6, with $420,000 salary and equity perks. Transition smooth until April 17. Company reaffirms FY2026 adjusted EPS at high end of $4.50-$4.60. Leadership continuity holds firm.
8-K
Sysco prices $1.25B notes
Sysco issued $600M of 4.400% senior notes due 2031 and $650M of 4.950% senior notes due 2036 on February 13, 2026, netting ~$1.24B. Proceeds will repay commercial paper borrowings for general corporate purposes. Notes carry subsidiary guarantees and make-whole redemption options before par call dates.
8-K
Sysco prices $1.25B notes
Sysco entered an Underwriting Agreement on February 10, 2026, for $600 million 4.400% Senior Notes due 2031 and $650 million 4.950% Senior Notes due 2036, led by BofA Securities, Goldman Sachs, J.P. Morgan, TD Securities, and Wells Fargo. Closing is set for February 13, subject to customary conditions. Underwriters' affiliates hold Sysco debt.
10-Q
Q2 FY2026 results
Sysco posted Q2 sales up 3.0% y/y to $20.8B, with US Foodservice (69%) and International (19%) driving gains via 0.8% case volume and 2.9% inflation, yet operating income dipped 2.8% y/y to $692M from restructuring and acquisition costs. Gross margins expanded 15bps to 18.3% on strategic sourcing. Cash swelled to $1.2B, FCF hit $311M (derived); total debt $13.6B with $3B revolver untapped. Acquisitions totaled $133M cash for Fairfax Meadow (Oct 2025) and Ginsberg's Foods (Dec 2025). Share buybacks paused. Competition from GPOs pressures margins.
8-K
Sysco Q2 sales up 3%, raises FY guidance
Sysco posted Q2 FY26 sales up 3.0% to $20.8B, gross profit up 3.9% to $3.8B on 18.3% margin. Adjusted EPS climbed 6.5% to $0.99, fueled by U.S. local case growth turning positive at 1.2% and international sales surging 7.3%. Momentum builds. Company raised full-year adjusted EPS guidance to high end of $4.50-$4.60 range despite incentive comp headwind.
IPO
Website
Employees
Sector
Industry
ASAIY
Sendas Distribuidora S.A.
7.03-0.46
CHEF
The Chefs' Warehouse, Inc.
63.33+0.04
HFFG
HF Foods Group Inc.
2.56-0.05
IVFH
Innovative Food Holdings, Inc.
0.32-0.02
PFGC
Performance Food Group Company
94.33-0.27
SDSYA
SOUTH DAKOTA SOYBEAN PROCESSORS
7.00+0.00
TSN
Tyson Foods, Inc.
58.19-1.34
USFD
US Foods Holding Corp.
76.48+0.28
WILC
G. Willi-Food International, L
27.44-0.09
WSO
Watsco, Inc.
341.89-2.70