Sysco to acquire Jetro Restaurant Depot for $29.1B; enters Cash & Carry channel

SYSCO CORP

$21.6B cash + 91.5M Sysco shares; EV $29.1B, 14.6x Jetro's 2025 operating income.
Jetro generated ~$16B revenue, ~$2.1B EBITDA, ~$1.9B FCF in calendar 2025.
Expected close by Q3 fiscal 2027; mid-to-high single-digit EPS accretive in year 1.
Annualized net cost synergies ~$250M within 3 years; plan to open 125+ new locations.
Sysco reaffirms FY2026 adjusted EPS at $4.50-$4.60 high end; Q3 local case growth >3%.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SYSCO CORP updated its third quarter of fiscal 2026, which ended on March 28, 2026 guidance (reaffirmed).

Period: third quarter of fiscal 2026, which ended on March 28, 2026
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On March 30, 2026, Sysco provided supplemental information regarding the transactions described in Item 7.01 below in a presentation to analysts and investors, which also included certain information regarding Sysco’s results of operations for its third quarter of fiscal 2026 and for its fiscal 2026, which is ending on June 27, 2026

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Source: SEC EDGAR

accession 0000950142-26-000899

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