Sysco Corporation
Sysco Reports Q3 FY2026 Results: Sales Up, Earnings Down; Announces Jetro Acquisition
Summary
Sysco Corporation reported its third-quarter fiscal year 2026 results, showing a 4.7% increase in sales to $20.5 billion, but a 15.2% decrease in net earnings to $340 million. Gross profit increased by 6.5% to $3.8 billion, while operating income decreased by 9.1% to $619 million. Adjusted operating income decreased by 0.6% to $768 million, and adjusted net earnings decreased by 3.6% to $452 million. Free cash flow increased by 19% to $1.1 billion. The company also announced the acquisition of Jetro Restaurant Depot, a leading U.S. wholesale cash-and-carry foodservice provider, which is expected to close by the third quarter of fiscal 2027. Sysco expects to deliver full-year adjusted earnings per share at the high end of its $4.50 to $4.60 guidance range.
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About Sysco Corporation
Sysco Corporation stands as a leading global distributor of food products, catering to a wide array of customers including restaurants, healthcare and educational institutions, and hospitality sectors. The company's primary function is the distribution of food and related products, which encompasses everything from fresh produce and meat to canned and frozen foods, along with non-food items like kitchen equipment and cleaning supplies. Operating in sectors such as food service, hospitality, and healthcare, Sysco's expansive logistics network ensures the seamless supply chain management needed to support diverse culinary operations across the globe. Founded in 1969 and headquartered in Houston, Texas, Sysco Corporation plays a pivotal role in the food distribution industry by enhancing supplier-client connections through innovative services and solutions. With operations in North America and Europe, Sysco not only facilitates the essential flow of goods required by businesses of all sizes but also supports them in achieving efficiency and quality in their food-related services. Its comprehensive approach to foodservice distribution underscores its significant impact on the global food economy, making Sysco a vital player in the facilitation of dining experiences worldwide.
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