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Sysco Corporation reaffirmed its fiscal 2027 guidance, targeting net sales growth of approximately 6% to 7% (to…
SYYSysco Corp
Sysco Corporation reaffirmed its fiscal 2027 guidance, targeting net sales growth of approximately 6% to 7% (to roughly $90 billion) and adjusted EPS of $5.02 to $5.12, representing 9% to 11% growth on a 53-week basis. The company introduced a multi-year AI-powered efficiency program aimed at realizing at least $500 million in savings by fiscal year 2029, with $100 million of in-year net cost savings already included in the fiscal 2027 targets. Additionally, Sysco raised its mid-term financial algorithm for fiscal years 2028 and 2029, increasing annualized net sales growth expectations to 4%-7% (from 4%-6%) and adjusted EPS growth to 9%-11% (from 6%-8%). The company operates in the food distribution industry, serving as the global leader in selling, marketing, and distributing food and related products to customers who prepare meals away from home.