secwatch.observer — SEC 8-K summary
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Issuer:     SYSCO CORP (SYY)
CIK:        0000096021
Form:       8-K
Filed at:   2026-08-12T14:30:40+00:00
Accession:  0000950142-26-002314
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/96021/000095014226002314/0000950142-26-002314-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/96021/000095014226002314/eh260819217_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-26-002314

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