Sysco reported fourth-quarter fiscal 2026 results with revenue of $22.1 billion and net earnings of $551 million, driven by 4.7% sales growth versus the prior-year quarter. Gross profit was $4.1 billion and adjusted diluted earnings per share were $1.53 for the quarter; the company also issued fiscal 2027 guidance of 6%-7% sales growth and 9%-11% adjusted EPS growth on a 53-week basis. Management highlighted an AI-enabled transformation and expected FY27 cost-outs of approximately $100 million supporting margin expansion.

Financial Highlights

  • Revenue (Q4 FY2026): $22.1 billion, up 4.7% year-over-year.
  • Gross profit (Q4 FY2026): $4.1 billion; gross margin 18.7% (down 17 bps vs. prior-year quarter).
  • Operating income (Q4 FY2026): $983 million; adjusted operating income: $1.1 billion.
  • Net earnings (Q4 FY2026): $551 million; adjusted net earnings: $734 million.
  • Adjusted diluted earnings per share (Q4 FY2026): $1.53; GAAP diluted EPS: $1.15.

Business Highlights

  • Volume and channel performance: U.S. Foodservice total case volume up 2.5% in Q4; U.S. local volume up 2.6%; International local volume growth of 4.5% in the quarter.
  • Segment momentum: International Foodservice delivered its eleventh consecutive quarter of double-digit adjusted operating income growth; International Q4 sales rose 6.7% (5.6% constant currency).
  • Product and mix: Positive mix shift from increased Sysco Brand penetration and strategic sourcing efficiencies contributed to gross profit gains.
  • Productivity initiatives: Ongoing supply chain productivity and other efficiency gains supported year-over-year profit growth across all four business segments.
  • Transformation program: Company advancing a multi-year AI-enabled business transformation focused on inventory forecasting, routing optimization, coding efficiency and back-office automation; FY27 includes ~$100 million of expected cost-outs tied to these efforts (including carry-forward benefits).

Original SEC Filing:

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