Sysco Corporation
Sysco Announces CFO Transition: Sewell Appointed Interim CFO
Summary
Sysco Corporation announced on February 27, 2026, that Kenny Cheung, its Executive Vice President and Chief Financial Officer, will resign to pursue an opportunity at another Fortune 10 company. Effective March 6, 2026, Brandon Sewell, previously the Senior Vice President and CFO of Sysco's U.S. Foodservice Operations, has been appointed as the interim CFO. Cheung will stay on in an advisory role until April 17, 2026, to facilitate a smooth transition. Sysco also reaffirmed its fiscal year 2026 financial guidance for adjusted EPS at the high end of $4.50 to $4.60 and sales growth of 3%-5%. The company remains confident in third quarter 2026 consensus adjusted EPS of $0.94 and USFS local case growth of at least 2.5% compared to the prior year.
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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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