Sysco Corporation (SYY)

The company now

Sysco reported first-quarter fiscal 2027 sales of $21.7 billion on 3 November 2026, up 2.8 percent 1. Net earnings rose 10.5 percent to $526 million, while operating income fell 10.4 percent to $717 million because of acquisition costs tied to Jetro Restaurant Depot 1.

The largest open question is the purchase of Jetro Restaurant Depot, a cash-and-carry food wholesaler, agreed on 30 March 2026 for about $29.1 billion in cash and stock 3. Sysco says it expects the deal to close by the third quarter of fiscal 2027, subject to regulatory clearance under the Hart-Scott-Rodino Act 3.

A trade publication reported on 8 October that the Federal Trade Commission review was still open and that the companies were answering requests for additional information 7.

Chief executive Kevin Hourican named three priorities for the year, including AI-powered improvement of operating margins and preparing for the expected closing of the Jetro deal 1. Chief financial officer Brandon Sewell said full-year sales growth is now expected at the lower end of a 6 percent to 7 percent range, reflecting lower inflation 1. Sysco kept its guidance for adjusted earnings per share growth of 9 percent to 11 percent 1.

The board appointed Sewell executive vice president and chief financial officer effective 1 November 2026, after he served as interim chief financial officer since 6 March 2026 2.

As of Nov 4, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.