Sysco raises FY27 outlook with 6-7% sales growth; JRD acquisition details show $250M synergies

SYSCO CORP

• FY27 guidance: sales growth 6-7%, adjusted EPS growth 9-11%, local case growth ~2.5%, ~$100M cost out.
• JRD (Jetro) 2025: revenue ~$16B, adj EBITDA ~$2.1B, FCF ~$1.9B; pro forma revenue +20%, EBITDA +45%, FCF +55%.
• Expected $250M annualized net cost synergies, with potential to exceed; Year 1 EPS accretion mid-high single digit, Year 2 low-mid teens.
• Leverage to peak at ~4.5x net debt/EBITDA at close; target 2.75x long-term, ~1.0x reduction within 24 months post-close.
• JRD operates 167 locations; 130 owned stores; 125+ new locations planned over next two decades.