Sysco's earnings call highlighted strong financial performance and momentum from strategic initiatives, especially in international and SYGMA segments. While there were some challenges in the U.S. Foodservice segment and industry traffic, the company's proactive measures and positive outlook for fiscal 2026 suggest a favorable trajectory.

Company Guidance -

Q1 2026

During Sysco's fourth-quarter fiscal year 2025 earnings call, the company provided guidance for fiscal year 2026, highlighting expectations for continued growth and improved financial performance. Sysco anticipates net sales growth of approximately 3% to 5%, reaching $84 billion to $85 billion, with inflation assumed at around 2%. The company expects adjusted EPS growth of 1% to 3%, accounting for a $100 million headwind from lapping lower incentive compensation in FY 2025. Excluding this impact, Sysco projects adjusted EPS growth of approximately 5% to 7%. The guidance assumes improvements driven by Sysco-specific initiatives and a macro environment consistent with current conditions. The company also plans shareholder returns of $1 billion in dividends and $1 billion in share repurchases, maintaining a target leverage ratio of 2.5x to 2.75x net debt. Additionally, Sysco foresees a tax rate of 23.5% to 24% and capital expenditures of $700 million for fiscal 2026.

Strong Fourth Quarter Financial Outcomes

Sysco reported Q4 sales results of $21.1 billion, up 2.8% on a reported basis and 3.7% excluding the divestiture of the Mexican business. Adjusted operating income was $1.1 billion, with adjusted EPS growth of 6.5% relative to last year.

International Segment Success

The International segment posted 3.6% top-line growth on a reported basis and 8.3% excluding the Mexico divestiture. Adjusted operating income increased 20.1%, marking the seventh consecutive quarter of double-digit profit growth.

SYGMA Segment Growth

SYGMA delivered sales growth of 5.9% for the quarter, with an 8.3% year-over-year top-line growth and a 12.5% bottom-line growth. It was a record year for SYGMA from both top and bottom-line perspectives.

Positive Momentum into Fiscal Year 2026

Sysco-specific initiatives have carried positive momentum into July, with improved sales consultant retention and training expected to drive profitable local volume growth.

Enhanced Profitability through Strategic Sourcing

Gross profit increased by 3.9%, translating to 19 basis points of gross margin expansion, due to strategic sourcing efforts.

Introduction of AI-Powered Sales Tools

Sysco is launching an AI-empowered sales tool to improve the productivity of sales colleagues, enhancing close rates and customer satisfaction.

Sysco (SYY) Earnings, Revenues Date & History

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SYY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 04, 2025	2026 (Q1)	1.12 / -	1.09	―	―	―
Jul 29, 2025	2025 (Q4)	1.39 / 1.48	1.39	6.47% (+0.09)
Apr 29, 2025	2025 (Q3)	1.02 / 0.96	0.96	0.00% (0.00)
Jan 28, 2025	2025 (Q2)	0.92 / 0.93	0.89	4.49% (+0.04)
Oct 29, 2024	2025 (Q1)	1.13 / 1.09	1.07	1.87% (+0.02)
Jul 30, 2024	2024 (Q4)	1.38 / 1.39	1.34	3.73% (+0.05)
Apr 30, 2024	2024 (Q3)	0.95 / 0.96	0.9	6.67% (+0.06)
Jan 30, 2024	2024 (Q2)	0.88 / 0.89	0.8	11.25% (+0.09)
Oct 31, 2023	2024 (Q1)	1.04 / 1.07	0.97	10.31% (+0.10)
Aug 01, 2023	2023 (Q4)	1.33 / 1.34	1.15	16.52% (+0.19)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SYY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 29, 2025	$80.35	$78.38	-2.45%
Apr 29, 2025	$69.93	$69.75	-0.26%
Jan 28, 2025	$75.81	$71.29	-5.96%
Oct 29, 2024	$73.57	$72.66	-1.24%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.