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14:00
Aug 04 ◎

SYY FY2026 Q4 Watch

Sysco Corporation (SYY) FY2026 Q4 Earnings Call

PPLT COST SYY ▾

Kevin Hourican

Understanding JRD's current performance and growth trajectory is key to evaluating Sysco's acquisition thesis and the combined company's future EPS and debt reduction potential.

"We have been advised by Restaurant Depot leadership that in their most recently completed calendar quarter, their sales growth was approximately 4% and their operating margins were in line with expectations."

PPLT WATCH

Kevin Hourican

Identifies Costco as a major competitor in the cash-and-carry space, contextualizing the competitive landscape that the Restaurant Depot acquisition will operate within.

"You've got Costco, you've got Sam's Club, you have thousands of independent cash and carry operators."

COST WATCH

Kevin Hourican

Management expresses high confidence in its growth trajectory, underpinned by strong exit velocity, AI-driven cost savings, and revenue growth expectations that are at the high end of its long-term algorithm.

"We are confident to guide fiscal 2027 to nine to 11% adjusted EPS growth."

SYY WATCH

HIGH

14:00
Apr 28 ◎

SYY FY2026 Q3 Watch

Sysco Corporation (SYY) FY2026 Q3 Earnings Call

SYY ▾

Kevin Harkin

Management is guiding to a continuation of strong local case volume growth (at least 2.5% in Q4) and is reiterating full-year adjusted EPS at the high end of its range, expressing confidence in the underlying core business despite a soft restaurant traffic environment.

"We have clear momentum in our local business and we have confidence that we will continue to post strong local results in Q4 and into fiscal 2027."

SYY WATCH

HIGH

15:00
Jan 27 ◎

SYY FY2026 Q2 Watch

Sysco Corporation (SYY) FY2026 Q2 Earnings Call

SYY ▾

Kevin Harkin

Management raised EPS guidance to the high end of the range, citing sequential improvement in local case volumes, gross margin expansion, and disciplined expense management despite a softening macro backdrop. Company-specific initiatives (sales force retention, AI360 tool) are driving share gains.

"Given the strong start to the year, we now expect full year adjusted EPS to be at the high end of our previously provided annual guidance range of $4.50 to $4.60."

SYY WATCH

HIGH

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