Sysco (SYY) Q4 2026 earnings summary

Executive summary

• Delivered strong Q4 FY26 results with sales up 4.7% year-over-year to $22.1 billion and adjusted EPS up 3.4% to $1.53, exceeding guidance and showing momentum across all business segments.

• AI-driven efficiency initiatives and technology modernization contributed to profit growth and operational improvements.

• Announced acquisition of Restaurant Depot, expected to accelerate growth, expand margins, create a leading multi-channel foodservice platform, and deliver significant financial synergies.

• Full-year consolidated sales rose 3.9% to $84.6 billion, with adjusted EPS up 3.4% to $4.61.

• Net earnings for the quarter were $551 million, up 3.8%, while adjusted net earnings reached $734 million, up 2.5%.

Financial highlights

• Q4 revenue grew 4.7% year-over-year to over $22 billion; adjusted EPS was $1.53, above expectations.

• Q4 gross profit grew 3.7% to $4.1 billion; adjusted operating income increased 4.1% to $1.1 billion.

• Full-year adjusted operating income was $3.6 billion, up 2.6%; adjusted EBITDA was $4.4 billion, up 2.2%.

• Free cash flow for the year increased 16.3% to $2.1 billion.

• Returned $1.2 billion to shareholders in FY26 via dividends and share repurchases.

Outlook and guidance

• Fiscal 2027 guidance: revenue growth of 6%-7% (to ~$90 billion), adjusted EPS growth of 9%-11% ($5.02-$5.12), and local case growth of ~2.5% in USFS.

• Double-digit profit growth expected in the international segment.

• $100 million in-year cost savings from AI and efficiency initiatives, with a run-rate of $160 million.

• Dividend growth of ~2% to $0.55 per share; $1 billion in dividends planned for FY27.