Quarterly ResultApr 29, 2026, 06:07 AM
SYY Q3 Sales $20.5B, +4.7%; Net Earnings $340M, -15.2%; EPS $0.71
AI Summary
SYSCO CORP reported mixed financial results for the 13-week period ended March 28, 2026, with sales increasing to $20,519 million, a 4.7% rise year-over-year, but net earnings decreasing by 15.2% to $340 million, resulting in diluted EPS of $0.71. For the 39-week period, sales grew 3.6% to $62,429 million, while net earnings fell 7.0% to $1,206 million. The company completed acquisitions totaling $189 million, including Fairfax Meadow and Ginsberg's Foods, and initiated a rebranding of its Brakes operations in the UK to "Sysco GB." Sysco also established a new $3.0 billion long-term revolving credit facility and reported increased net cash from operating activities.
Key Highlights
- SYY Q3 Sales $20,519M, up 4.7% from $19,598M YoY.
- SYY Q3 Net Earnings $340M, down 15.2% from $401M YoY.
- SYY Q3 Diluted EPS $0.71, down 13.4% from $0.82 YoY.
- YTD Sales $62,429M, up 3.6% from $60,232M YoY.
- YTD Net Earnings $1,206M, down 7.0% from $1,297M YoY.
- Acquired Fairfax Meadow and Ginsberg's Foods for $189M.
- Rebranding Brakes to "Sysco GB" in the UK over two years.
- Net cash provided by operating activities for 39 weeks was $1,463M, up 11.1% YoY.
Price Impact
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