Quarterly ResultApr 28, 2026, 08:08 AM
SYY Q3 Sales +4.7% to $20.5B; Adjusted EPS $0.94 (-2.1%)
AI Summary
Sysco Corporation announced its third quarter fiscal year 2026 results, with sales increasing 4.7% to $20.5 billion and gross profit rising 6.5% to $3.8 billion. However, adjusted operating income decreased 0.6% to $768 million, and adjusted net earnings fell 3.6% to $452 million, leading to a 2.1% decrease in adjusted EPS to $0.94. The company reported strong U.S. local volume growth of 3.3% and reaffirmed its full-year adjusted EPS guidance at the high end of $4.50 to $4.60, while also highlighting the pending Jetro Restaurant Depot acquisition.
Key Highlights
- SYY Q3 FY2026 sales increased 4.7% to $20.5 billion.
- Gross profit increased 6.5% to $3.8 billion.
- Adjusted operating income decreased 0.6% to $768 million.
- Adjusted net earnings decreased 3.6% to $452 million.
- Adjusted EPS decreased 2.1% to $0.94.
- U.S. Foodservice local volume increased 3.3%.
- International Foodservice sales increased 12.4% to $3.9 billion.
- Year-to-date free cash flow increased 19% to $1.1 billion.
- Company expects to close Jetro Restaurant Depot acquisition by Q3 FY2027.
Price Impact
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