secwatch.observer — SEC 8-K summary
======================================

Issuer:     SYSCO CORP (SYY)
CIK:        0000096021
Form:       8-K
Filed at:   2026-03-30T23:59:59+00:00
Accession:  0000950142-26-000899
Event type: m_and_a
Sentiment:  positive
Materiality: 0.95
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- $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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/96021/000095014226000899/0000950142-26-000899-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/96021/000095014226000899/eh260758391_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-26-000899

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer