Welcome to our dedicated page for Sysco news (Ticker: SYY), a resource for investors and traders seeking the latest updates and insights on Sysco stock.
Sysco Corporation reports news as a global foodservice distributor that sells, markets and distributes food and related products to customers that prepare meals away from home. Its updates center on restaurants, healthcare and educational facilities, lodging establishments, entertainment venues and other food-away-from-home markets, with product categories that include fresh produce, premium proteins, specialty products, sustainably focused items, equipment and supplies, and culinary solutions.
Recurring company developments include operating and financial results, dividend declarations, capital-allocation actions, material agreements, governance matters and customer-facing culinary programs such as regional chef competitions. News also reflects Sysco’s supply-chain role and specialty offerings for foodservice operators across its domestic and international distribution network.
Sysco (SYY) priced a public offering of 12,345,679 common shares at $81.00 per share, with closing expected on September 16, 2026, subject to customary conditions.
The company granted underwriters a 30‑day option to buy up to an additional $150 million of common stock to cover overallotments at the same price. Sysco intends to use the net proceeds to fund a portion of the consideration for its pending acquisition of Jetro Restaurant Depot, and the offering is not contingent on that acquisition closing. Goldman Sachs & Co. LLC and TD Securities (USA) LLC are lead book‑running managers, with BofA Securities, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC also serving as book‑running managers. The offering is being made via a prospectus supplement under Sysco’s automatic shelf registration statement on Form S‑3ASR filed with the SEC.
Sysco (SYY) plans an underwritten public offering of $1.0 billion of its common stock to help finance its pending acquisition of Jetro Restaurant Depot.
The company expects to grant underwriters a 30‑day option to buy up to an additional $150 million of common stock at the same price to cover overallotments. Net proceeds are intended to fund a portion of the Jetro Restaurant Depot purchase price, but the equity offering is not contingent on the acquisition closing. Goldman Sachs & Co. LLC and TD Securities (USA) LLC are lead book‑running managers, with BofA Securities, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC also acting as book‑running managers. The deal will be offered via a prospectus supplement under Sysco’s effective shelf registration statement filed with the SEC.
Sysco (SYY) reaffirmed its fiscal 2027 guidance and launched a multi-year AI powered efficiency program targeting at least $500 million in savings by fiscal 2029.
For fiscal 2027, Sysco continues to expect net sales growth of approximately 6%–7% to about $90 billion and adjusted EPS of $5.02–$5.12, representing 9%–11% growth on a 53-week basis. Excluding the 53rd week, the midpoint of adjusted EPS guidance is at the high end of the company’s long-term growth algorithm. The $500 million AI program builds on $100 million of expected in-year net cost savings already included in fiscal 2027 guidance.
Sysco raised its mid-term financial algorithm for fiscal 2028 and 2029, now targeting annual net sales growth of approximately 4%–7% (from 4%–6%) and adjusted EPS growth of 9%–11% (from 6%–8%). AI-enabled cost-out workstreams span supply chain productivity, merchandising and procurement automation, indirect spend management, and customer experience and back-office simplification.
Sysco (NYSE:SYY) will webcast its presentation from the Barclays 19th Annual Global Consumer Conference on Wednesday, Sept. 9, 2026, at 12:00 p.m. ET. The live webcast and subsequent replay will be accessible via the investor relations website at investors.sysco.com, which Sysco uses as its primary channel for key investor information.
Sysco (NYSE:SYY) announced that its Board of Directors declared a quarterly cash dividend of $0.55 per share, payable on October 23, 2026 to shareholders of record as of October 2, 2026. Sysco reported over $84 billion in fiscal 2026 sales.
Sysco (NYSE:SYY) announced strategic governance and AI initiatives, including appointing Jason Murray and Tom Ondrof to its Board effective September 1, 2026, expanding the Board to 13 directors. Murray will join the Artificial Intelligence Transformation & Technology Committee, while Ondrof will serve on the Audit Committee.
Building on strong operating momentum, Sysco recently issued fiscal 2027 guidance of 6%–7% revenue growth and 9%–11% adjusted EPS growth on a 53-week basis. The outlook includes a $100 million cost-savings program enabled by AI-driven process improvements, automation, and operating efficiencies aimed at enhancing customer service and margins.
Sysco also evolved its Technology Committee into the AI Transformation & Technology Committee, which now meets monthly with management, and highlighted ongoing collaboration with the D. E. Shaw group, which expects to participate in the capital raise for Sysco’s pending acquisition of Jetro Restaurant Depot.
Sysco (NYSE:SYY) reported fiscal Q4 2026 sales of $22.1 billion, up 4.7% year over year, with U.S. Foodservice case volume up 2.5% and local volume up 2.6%. Gross profit rose 3.7% to $4.1 billion and operating income increased 10.6% to $983 million. Adjusted EPS grew 3.4% to $1.53.
For full-year 2026, sales increased 3.9% to $84.6 billion, gross profit rose 4.5% to $15.6 billion, while net earnings declined 3.9% to $1.8 billion; adjusted EPS increased 3.4% to $4.61. Free cash flow grew 16.3% to $2.1 billion, and Sysco returned $1.2 billion to shareholders via dividends and buybacks.
For FY27 (53 weeks), Sysco guided to 6%-7% sales growth and 9%-11% adjusted EPS growth, including about $100 million of expected cost savings from AI-enabled productivity and other cost-out initiatives.
Sysco (NYSE:SYY) will host a conference call and webcast to discuss its fourth quarter and fiscal year 2026 financial results at 10 a.m. ET on Tuesday, August 4, 2026. Interested participants can access the live webcast and related materials, including a news release and slide presentation, via the investor relations site at investors.sysco.com, where a replay will also be posted.
According to Sysco, the investor relations section of its website is the primary channel for publishing key investor information, which may include material, previously non-public details. Sysco reports it operates 337 distribution centers in 10 countries with 75,000 colleagues serving about 730,000 customer locations, and generated sales of more than $81 billion in fiscal 2025.
Sysco (NYSE:SYY) announced that 25 delivery partners were named to the IFDA 2026 Truck Driver Hall of Fame, part of a record 108-driver class. This nearly doubles Sysco’s honorees from 2025 and highlights long-term safety, customer service and operational excellence across its transportation teams.
Sysco (NYSE:SYY) is ramping up operations in 11 U.S. host cities to help feed nearly 5 million visitors during the 2026 FIFA World Cup. A dedicated task force worked with local officials to plan inventory, logistics, security and customer support.
Sysco plans about a 5% inventory increase in host cities, including 3 million extra pounds of French fries, 500,000 pounds of frozen chicken tenders, 255,000 pounds of ground beef and roughly 10% more water. The company has secured 80 additional trucks/trailers and hired more warehouse selectors and delivery partners.
Sales teams are also helping restaurant customers design specialized menus, adopt technology suited to international guests and add themed items like soccer ball-shaped ice cubes.