Sysco Declares Quarterly Dividend Payment

(NYSE:SYY) Sysco Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.55 per share. The dividend is payable on January 29, 2027, to common stockholders of record at the close of business on January 8, 2027. Sysco operates 333 distribution centers in 10 countries. The company employs 75,000 colleagues. Sysco serves approximately 670,000 customer locations. In fiscal year 2026, which ended June 27, 2026, Sysco generated sales of more than $84 billion. Sysco is described as the world’s largest food-away-from-home distributor. The company provides customized supply chain solutions, specialty product offerings, and culinary support. Sysco’s portfolio includes fresh produce, premium proteins, specialty products, sustainably focused items, equipment and supplies, and culinary solutions. The company positions itself as a trusted business partner to its customers. Sysco’s customers include restaurants, healthcare and educational facilities, lodging establishments, and entertainment venues.

Sysco Reaches Agreement with Teamsters Locals 630 and 848 to End Strike

(NYSE:SYY) Sysco Corporation announced that it has reached a historic agreement with the International Brotherhood of the Teamsters Locals 630 and 848, who represent warehouse colleagues and delivery partners, respectively. The company acknowledged the disruption caused to customers, colleagues, and communities in the Los Angeles area and expressed appreciation for their patience and partnership. Ron Phillips, Sysco’s Chief Human Resources Officer, stated that the agreement is an important step toward restoring normal operations while maintaining dependable and responsive service for customers. He emphasized that Sysco remained focused on reaching a resolution that supports colleagues without accepting terms that could negatively affect customer service or cause avoidable operational disruptions in the future. The company clarified that the strike was not about wages, economics, or other working conditions. Sysco Los Angeles reiterated its commitment to providing colleagues with a great professional environment and opportunities for long-term growth, and expressed hope for more constructive engagements with the union in the future. Sysco operates 339 distribution centers in 10 countries. The company employs 75,000 colleagues. Sysco serves approximately 730,000 customer locations. In fiscal year 2025, which ended June 28, 2025, Sysco generated sales of more than $81 billion. Sysco is described as the world’s largest food-away-from-home distributor. The company offers customized supply chain solutions, specialty product offerings, and culinary support to help customers innovate and optimize their operations. Sysco’s portfolio includes fresh produce, premium proteins, specialty products, sustainably focused items, equipment and supplies, and innovative culinary solutions.

Sysco Urges Teamsters Locals 630 and 848 to End Strike as Parties Agree Economic Terms

(NYSE:SYY) Sysco Corporation has called on Teamsters Locals 630 and 848 to end their strike at Sysco’s Los Angeles facility and finalize an agreement. The parties have already agreed on fair, generous, and competitive wages, pension contributions, benefits, and time off. The only unresolved issue is union-demanded language that could permit strikes at any time, which Sysco states would expose customers and communities to repeated service disruption. Sysco’s final offer includes an $8.00-per-hour wage increase by April 2027. The offer provides wage growth of more than 40% over the contract term. Increased pension contributions and pension-eligible hours are included in the offer. Employees would receive a sixth week of vacation after 30 years of service. The proposal also includes double-time pay after 12 hours. By October 2029, the top hourly rate would exceed rates in a recently ratified agreement with another major foodservice distributor. Ron Phillips, Sysco’s Chief Human Resources Officer, stated that Sysco values its Los Angeles colleagues and has negotiated in good faith to agree on a highly competitive economic package. He emphasized that the sole remaining issue is proposed language that could permit work stoppages at any time, which Sysco cannot support due to the risk of repeated disruption to hospitals, schools, restaurants, and other local customers. The strike risks disrupting service across the Los Angeles area. Sysco remains committed to bargaining in good faith and reaching a complete agreement that delivers the economic terms already agreed, while protecting the service that hospitals, care facilities, schools, restaurants, and other local customers rely on. Sysco operates 339 distribution centers in 10 countries. The company has 75,000 colleagues serving approximately 730,000 customer locations. Sysco generated sales of more than $81 billion in fiscal year 2025 that ended June 28, 2025.

Sysco Reports Fiscal Fourth Quarter and Full Year 2026 Results; Issues FY27 Guidance of 9%-11% Adjusted EPS Growth

(NYSE:SYY) Sysco Corporation announced financial results for its 13-week fourth fiscal quarter and fiscal year ended June 27, 2026, reporting fourth quarter sales increased 4.7% to $22.1 billion and fiscal year sales increased 3.9% to $84.6 billion. Gross profit for the fourth quarter rose 3.7% to $4.1 billion, while operating income increased 10.6% to $983 million and adjusted operating income increased 4.1% to $1.1 billion. Net earnings for the quarter increased 3.8% to $551 million, and adjusted net earnings increased 2.5% to $734 million; for the year, net earnings decreased 3.9% to $1.8 billion, and adjusted net earnings increased 1.4% to $2.2 billion. EBITDA for the quarter increased 5.4% to $1.2 billion, and adjusted EBITDA increased 4.7% to $1.3 billion; for the year, EBITDA decreased 0.7% to $4.0 billion, and adjusted EBITDA increased 2.2% to $4.4 billion. Sysco returned $1.2 billion to shareholders in fiscal year 2026 via $1.0 billion of dividends and $200 million of share repurchases. The company projects fiscal year 2027 sales growth of 6%-7% and adjusted EPS growth of 9%-11% on a 53-week basis, including approximately $100 million of efficiency improvements from an AI-powered transformation. As of the end of the quarter, Sysco had a cash balance of $1.8 billion and total liquidity of $4.8 billion.

Sysco Reports Third Quarter Fiscal Year 2026 Results

Sysco Corporation (NYSE:SYY) reported its financial results for the 13-week third fiscal quarter ended March 28, 2026. Sales increased 4.7% to $20.5 billion, while gross profit rose 6.5% to $3.8 billion. However, operating income decreased 9.1% to $619 million and net earnings fell 15.2% to $340 million. The company highlighted strong local volume growth and announced an agreement to acquire Jetro Restaurant Depot, with the transaction expected to close by Sysco’s third quarter of fiscal 2027. Investors should note both the positive sales momentum and the impact of higher incentive compensation costs on earnings.

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