On September 9, 2026, Sysco Corporation filed an 8-K report disclosing updates to its fiscal year 2027 guidance and outlining a proposed transaction with Jetro Restaurant Depot. The company is hosting a webcast presentation at 12:00 p.m. Eastern Time as part of the Barclays Global Consumer Staples Conference, with the presentation attached as Exhibit 99.1.
Regarding fiscal year 2027, Sysco reaffirmed its sales guidance range of 6% to 7%. The company projects sales will include volume growth, inflation of approximately 1.5% to 2%, and a contribution of roughly 2% related to a 53rd week in the fiscal year. Adjusted earnings per share (EPS) growth is expected to be at the high end of a 9% to 11% algorithm, driven by approximately $100 million in cost-out initiatives, growth in the U.S. Foodservice segment, and double-digit profit growth in the International segment.
The company also announced a new $500 million annualized efficiency program powered by AI technology. This program, set to be fully realized by fiscal 2029, focuses on four areas: supply chain productivity, indirect spend management, customer experience, and merchandising automation.
Further details were provided regarding a proposed transaction with Jetro Restaurant Depot. Sysco projects that the combined company would achieve a 20% increase in revenue, a 45% increase in adjusted EBITDA, and a 55% increase in free cash flow. The pro forma entity is expected to be the #1 foodservice distributor in the U.S. with a #1 cash and carry operator position. Sysco anticipates low to mid-teens adjusted EPS accretion in year two of the combined entity.
