Mergers & Acquisitions ·
Sysco reaffirms FY27 sales growth of 6% to 7%, targeting $90B midpoint with new AI efficiency program
SYYSysco Corp
Sysco Corporation furnished a presentation from the Barclays 19th Annual Global Consumer Staples Conference held on September 9, 2026. The company reaffirmed its Fiscal Year 2027 guidance, projecting sales growth of 6% to 7%, with midpoint expected sales of approximately $90 billion. Adjusted EPS growth is targeted at 9% to 11%. Sysco announced a new mid-term financial algorithm expecting sales growth of 4% to 7% and adjusted EPS growth of 9% to 11%. Management introduced a $500 million annualized efficiency program powered by AI technology, with approximately $100 million in net cost out included in the FY27 guidance. The presentation detailed progress on the proposed acquisition of Jetro Restaurant Depot, highlighting expected synergies and deleveraging plans. Sysco Corporation operates in the foodservice distribution industry.