Highest-materiality recent filing
Sysco targets $250M annual synergies in Restaurant Depot acquisition; pro forma EBITDA +45%
Deal to add ~$16B revenue; pro forma revenue +20%, Adj. EBITDA +45%, FCF +55%.
Sysco Q3 FY2026 sales +4.7%, U.S. local volumes +3.3% YoY; adj EPS down 2.1% to $0.94
Sales +4.7%; U.S. Foodservice volume +2.3%, U.S. local volume +3.3% (highest quarterly rate in over 3 years).
Sysco enters into $3.0B term loan and $3.0B revolver to finance Jetro Restaurant Depot acquisition
$3.0B revolver replaces existing facility; increases to $4.0B after Jetro closing, option to $5.0B.
Sysco EVP, Chief Information and Digital Officer Tom Peck resigns effective April 10, 2026
Tom Peck steps down as EVP, Chief Information and Digital Officer.
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.
Sysco to acquire Jetro Restaurant Depot for $21.6B cash and stock; forms new HoldCo
Total consideration: $21.6B cash (subject to adjustments) plus 91.5M shares of HoldCo common stock.
Kenny Cheung resigns as EVP and CFO effective April 17, 2026, to accept a role at a Fortune 10 company.
Sysco issues $1.25B in senior notes: $600M 4.400% due 2031, $650M 4.950% due 2036
Sysco issued $600M 4.400% senior notes due July 25, 2031 and $650M 4.950% senior notes due March 25, 2036.
Sysco prices $1.25B senior notes in two tranches due 2031 and 2036
Issued $600M 4.400% Senior Notes due 2031 and $650M 4.950% Senior Notes due 2036.
Sysco Q2 adjusted EPS $0.99 (+6.5% YoY); raises FY2026 guidance to high end of $4.50-$4.60
Sales +3.0%; U.S. Foodservice volume +0.8%, local case volumes +1.2% (positive inflection).
Sysco COO Greg Bertrand to become senior advisor on Jan 1, 2026; will retire after 9 months
Greg D. Bertrand, EVP and Global COO, transitions to non-executive senior advisor on Jan 1, 2026, for at least 9 months, then retires.
Sysco annual meeting elects all 11 directors, rejects chair/CEO split proposal
All 11 director nominees re-elected; Kevin Hourican received 91.86% support, lowest among directors.
Sysco Q1 FY2026 adj. EPS $1.15 (+5.5% YoY); reiterates FY26 guidance
Sales +3.2% to $3.9B; U.S. Foodservice volume +0.1%; gross profit +3.9% to $3.9B.
Sysco enters new $3.0B senior revolving credit facility due 2030, replacing prior facility
New $3.0B credit agreement dated Sep 5, 2025, with Bank of America as administrative agent; maturity Sep 5, 2030; option to increase to $4.0B.
Sysco Q4 adjusted EPS +6.5% to $1.48; sales +2.8%; guides FY26 adj. EPS $4.50-4.60
Q4 sales up 2.8% YoY; U.S. Foodservice volume down 0.3%; gross profit +3.9% to $4.0B.
Sysco amends credit agreement to add new subsidiary borrower
On June 4, 2025, Sysco entered Amendment No. 2 to its Credit Agreement, joining Sysco Global Holdings B.V. as a Subsidiary Borrower.
Sysco Q3 EPS falls 3.5% to $0.82; adjusted EPS $0.96 flat; FY25 guidance cut
Sales +1.1% to $3.6B; U.S. Foodservice volume -2.0%; gross profit -0.8%.
Sysco awards EVP Thomas Peck $1.5M in PSUs tied to technology transformation project
One-time PSU award valued at $1.5M for EVP and CIO Thomas R. Peck, Jr.
Sysco issues $1.25B in senior notes; 5.100% due 2030 and 5.400% due 2035
$700M 5.100% notes due Sept 23, 2030; $550M 5.400% notes due March 23, 2035.
Sysco prices $1.25B senior notes: 5.100% due 2030, 5.400% due 2035
Issued $700M of 5.100% Senior Notes due 2030 and $550M of 5.400% Senior Notes due 2035.
Sysco Q2 FY25 EPS $0.82 flat YoY; adjusted EPS up 4.5% to $0.93; upsizes buyback to $1.25B
Sales +4.5% YoY; gross profit $3.7B (+3.9%); operating income $712M (+1.7%); adjusted operating income $783M (+5.1%).
Each director received >91% of votes cast; Alison Kenney Paul received lowest at 91.93%.
Sysco Q1 FY2025 sales up 4.4% to $20.5B; adjusted EPS $1.09 (+1.9%)
Gross profit $3.8B (+2.9%); operating income $808M (+0.5%); adjusted operating income $873M (+2.2%).
Sysco elects Roberto Marques to board of directors effective Aug 15, 2024
Board expanded from 10 to 11; Marques fills new seat.
Sysco approves fiscal 2025 AIP and LTIP awards for named executive officers
Compensation Committee approved AIP targets for fiscal 2025 for NEOs including CEO Kevin P. Hourican and CFO Kenny K. Cheung.
Sysco Q4 FY2024 adjusted EPS +3.7% to $1.39; sales +4.2%; guides FY2025 4%-6% sales growth
Q4 sales $3.8B (+4.2%); US Foodservice volume +3.5%; local case volume +0.7%
On August 15, 2024, the Board of Directors (the “Board”) of Sysco Corporation (“Sysco” or the “Company”) increased the size of the Board from ten to eleven directors and elected Mr. Roberto Marques to fill the resulting vacancy, effective on August 15, 2024.
Max materiality 0.95 · Median 0.65 · Most common event earnings