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 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 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 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 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 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 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%).
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 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%
Sysco CEO Kevin Hourican appointed Chair of the Board; Ed Shirley resigns for health reasons
Edward Shirley resigned as Board Chair effective April 30, 2024 due to personal health reasons; continues as director? Actually resigned from Board entirely.
Sysco Q3 FY2024: Adj EPS $0.96 (+6.7%); raises cost-out target to $120M
Sales +2.7%; U.S. Foodservice volume +2.9%; local volumes +0.4%.
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.
The Board appointed Mr. Larry C. Glasscock to serve as Lead Independent Director effective as of April 30, 2024.
On April 26, 2024, Edward D. Shirley provided notice to Sysco Corporation (the “Company”) of his resignation as a member of the Board of Directors (the “Board”) of the Company, including any Board committees, and from his service as the Chair of the Board for personal health reasons, which resignation was effective as of April 30, 2024.
Coinciding with Mr. Shirley’s resignation, effective as of April 30, 2024, the Board appointed Chief Executive Officer Mr. Kevin P. Hourican as Chair of the Board to succeed Mr. Shirley in that role.
Max materiality 0.95 · Median 0.68 · Most common event earnings