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Sysco Corporation (SYY)
NYSE:SYY
Earnings Data
Report Date
May 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
0.95Last Year’s EPS
0.96Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple material operational and financial positives: revenue and adjusted EPS growth, strong free cash flow (+25% YTD), gross margin expansion (+15 bps), robust international performance (sales +7.3%, OpInc +~25.6%), improving U.S. local volumes and high AI360 adoption that boosts sales productivity. Headwinds remain — notably weak restaurant traffic, softness in national chain restaurant volumes, a notable incentive-compensation lapping headwind (~$100M), slightly elevated leverage (2.86x) and modest compression in local drop size. On balance, company-specific initiatives (retention, AI360, merchandising, tuck-in M&A) are driving enough momentum to offset industry weakness and justify raised guidance.Company Guidance
Revenue Growth
Total revenue of nearly $21,000,000,000, up 3% year over year, driven by U.S. Foodservice, International and SYGMA.
Raised Full-Year Adjusted EPS Guidance
Management now expects full-year FY2026 adjusted EPS at the high end of prior guidance ($4.50 to $4.60), reflecting stronger-than-expected first-half results.
Earnings and Cash Flow Strength
Adjusted EPS grew 6.5% in Q2; free cash flow year-to-date of $413,000,000, up 25%, indicating high quality of earnings and improved cash generation.
Gross Profit and Margin Expansion
Gross profit of $3,800,000,000, up 3.9% year over year; gross margin expanded 15 basis points to 18.3%, aided by strategic sourcing and moderating inflation.
International Segment Outperformance
International sales grew 7.3% reported (9.9% ex-Mexico), local case growth of 4.5%, and adjusted operating income growth of ~25.6% — ninth consecutive quarter of double-digit operating income growth.
Improving U.S. Local Case Volume and Momentum
U.S. Foodservice local case volume increased 1.2% in Q2, a 140 basis point sequential improvement vs Q1; management expects at least 2.5% local volume growth in both Q3 and Q4 (with ~2.1% organic contribution and ~50 bps from M&A).
Sales Force Retention, Productivity and AI Adoption
Sales colleague retention at or above historical high marks, onboarding new customers at high rates, improved customer retention; AI360 CRM tool live ~4 months with 95%+ weekly usage and demonstrable productivity lift for users.
Strategic M&A and Shareholder Returns
Completed tuck-in acquisition of Ginsburg Foods (adds scale in Northeast; contributed ~10 bps in Q2 and expected ~50 bps back half), targeting ~$1,000,000,000 in dividends and ~$1,000,000,000 in share repurchases for FY2026; dividend per share growth ~6% year over year.
SYY Earnings History
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 |
|---|---|---|---|
Jan 27, 2026 | $75.63 | $83.92 | +10.96% |
Oct 28, 2025 | $77.43 | $75.33 | -2.71% |
Jul 29, 2025 | $79.24 | $77.30 | -2.45% |
Apr 29, 2025 | $68.97 | $68.79 | -0.26% |
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.
FAQ
When does Sysco Corporation (SYY) report earnings?
Sysco Corporation (SYY) is schdueled to report earning on May 05, 2026, Before Open (Confirmed).
What is Sysco Corporation (SYY) earnings time?
Sysco Corporation (SYY) earnings time is at May 05, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SYY EPS forecast?
SYY EPS forecast for the fiscal quarter 2026 (Q3) is 0.95.
