Form 10-Q · Quarterly report
Sysco 10-Q, filed Nov 4, 2026
- Filed
- CIK
- 0000096021
- Accession no.
- 0000096021-26-000050
Summary
Sysco reported first-quarter fiscal 2027 sales growth of 2.8% to $21.7 billion and net earnings growth of 10.5% to $526 million, while operating income fell 10.4% on acquisition-related and restructuring costs; adjusted operating income rose 3.2%. Sysco said it expects its acquisition of Jetro Restaurant Depot to close by the third quarter of fiscal 2027, subject to regulatory clearance under the Hart-Scott-Rodino Act.
Key points
- First-quarter fiscal 2027 sales increased 2.8% to $21.7 billion, net earnings increased 10.5% to $526 million, and operating income decreased 10.4% to $717 million.
- Adjusted operating income rose 3.2% to $927 million and adjusted diluted earnings per share rose 3.5% to $1.19.
- Gross margin increased 18 basis points, while adjusted operating expenses rose 4.0% to $3.1 billion.
- Jetro Restaurant Depot operates 170 warehouse stores across 35 states serving more than 725,000 independent restaurants and foodservice operators; the acquisition is subject to Hart-Scott-Rodino clearance.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations This discussion should be read in conjunction with our consolidated financial statements as of June 27, 2026, and for the fiscal year then ended, and Management’s Discussion and Analysis of Financial Condition and Results of Operations, both contained in our fiscal 2026 Form 10-K, as well as the consolidated financial statements (unaudited) and notes to the consolidated financial statements (unaudited) contained in this report. Sysco’s fiscal year ends on the Saturday nearest to June 30th and we will have a 53-week year ending July 3, 2027 for fiscal 2027. …
An excerpt of the text as filed with the SEC, cut for length.
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