Sysco backs FY26 adjusted EPS view $4.50-$4.60, consensus $4.59

“Third quarter results reflected strong earnings execution and solid cash flow generation, supported by continued volume acceleration, gross margin expansion, and disciplined cost management, which included headwinds from lapping $63 million of incentive compensation,” said Brandon Sewell, Sysco’s (SYY) interim CFO. “Year-to-date free cash flow increased 19%, and we are encouraged by improving productivity, particularly in our U.S. Foodservice local business. These results support our confidence in delivering full-year adjusted EPS at the high end of our $4.50 to $4.60 guidance range, which continues to include an approximate $100 million headwind from lapping lower incentive compensation in fiscal 2025.”