Sysco reaffirms FY27 EPS $5.02-$5.12, launches $500M AI savings plan, raises mid-term EPS growth to 9-11%

SYSCO CORP

Reaffirms FY2027 guidance: net sales growth ~6-7% to ~$90B; adjusted EPS $5.02-$5.12 (9-11% growth).
Introduces $500M multi-year AI efficiency program, targeting at least $500M savings by FY2029; includes $100M in-year savings for FY2027.
Raises mid-term (FY2028-29) targets: net sales growth to 4-7% (from 4-6%) and adjusted EPS growth to 9-11% (from 6-8%).
CEO Kevin Hourican cites momentum; expects Jetro Restaurant Depot deal to close by Q3 FY2027, aiding deleveraging.
AI program focuses on supply chain routing, merchandising automation, indirect spend, and back-office simplification.

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