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Sysco 8-K Report, Financial Results (Jul 29, 2025)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed July 29, 2025
Period End
July 29, 2025
Security
SYY
In the record · 2016–202610-K1210-Q328-K147

SYY filed 12 annual reports (10-K), 32 quarterly reports (10-Q) and 147 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Mar ’18Mar ’18
  2. Material agreement8-K · May ’20May ’20
  3. Leadership change8-K · Dec ’22Dec ’22
  4. Leadership change8-K · Nov ’26Nov ’26

01—Abstract

Summary

Summary of the 8-K filed July 29, 2025. Cited figures are marked; the original filing is the authoritative source.

Sysco Corporation (NYSE: SYY) furnished an 8-K on July 29, 2025 reporting results for its fourth fiscal quarter and full fiscal year 2025, which ended June 28, 2025, and introducing FY26 guidance via Exhibit 99.1.

For the full year, sales rose 3.2% to $81.4 billiona, operating income fell 3.6% to $3.1 billion, and GAAP diluted EPS fell 4.1% to $3.73. On an adjusted basis, operating income rose 1.2% to $3.5 billion and adjusted EPS rose 3.5% to $4.46. The fourth quarter included a $92 million non-cash goodwill impairment related to the Guest Worldwide business, which reduced GAAP operating income by 9.0% to $889 million and GAAP EPS by 10.6% to $1.10.

For FY26, management guided to sales growth of approximately 3% to 5%, reaching roughly $84 billion to $85 billionb, and adjusted EPS growth of approximately 1% to 3%, reaching roughly $4.50 to $4.60. The EPS outlook includes an approximate $100 million ($0.16 per diluted share) headwind from lapping lower incentive compensation in fiscal 2025. Excluding that impact, management said EPS growth would be approximately 5% to 7%.

Management also plans about $1 billionc in dividends and about $1 billion in share repurchases for FY26. Cash generation and balance sheet metrics were mixed. Fiscal 2025 operating cash flow was $2.5 billion, down from $2.99 billion in the prior year, and free cash flow was $1.8 billion.

Sysco returned $2.3 billiond to shareholders during the year through $1.3 billion of buybacks and $1.0 billion of dividends. The company reported cash of $1.1 billion, total liquidity of $3.8 billion, and net debt to adjusted EBITDA of approximately 2.9 times. The filing also notes that the figures are non-GAAP in part and that the company's forward-looking statements carry risks including inflation, tariffs, and changes in consumer eating habits.

02—Key points

Key Highlights

  1. Fiscal 2025 sales rose 3.2% to $81.4 billion, with U.S. Foodservice case volume up 0.5% for the year.
  2. GAAP operating income fell 3.6% to $3.1 billion, while adjusted operating income rose 1.2% to $3.5 billion.
  3. Q4 GAAP diluted EPS fell 10.6% to $1.10; adjusted EPS rose 6.5% to $1.48, with a $92 million goodwill impairment excluded from adjusted results.
  4. FY26 guidance: sales of approximately $84 billion to $85 billion (about 3% to 5% growth) and adjusted EPS of approximately $4.50 to $4.60 (about 1% to 3% growth).
  5. Guidance includes an approximate $100 million ($0.16 per diluted share) headwind from lapping lower incentive compensation in fiscal 2025.
  6. Fiscal 2025 free cash flow was $1.8 billion, down from operating cash flow decline of 16.0% to $2.5 billion.
  7. Sysco returned $2.3 billion to shareholders in fiscal 2025 and plans roughly $1 billion each in dividends and share repurchases for FY26.

03—Questions

Frequently Asked Questions

  1. How did Sysco perform in the fourth quarter of fiscal 2025?

    Sales rose 2.8% to $21.1 billion and gross profit rose 3.9% to $4.0 billion. GAAP operating income fell 9.0% to $889 million because of a $92 million non-cash goodwill impairment tied to the Guest Worldwide business. Adjusted operating income rose 1.1% to $1.1 billion, and adjusted EPS rose 6.5% to $1.48.

  2. What is Sysco's outlook for fiscal 2026?

    Sysco expects sales growth of approximately 3% to 5%, to about $84 billion to $85 billion, and adjusted EPS growth of approximately 1% to 3%, to about $4.50 to $4.60. The company said that excluding the $0.16 per share headwind from lapping lower incentive compensation, EPS growth would be approximately 5% to 7%.

  3. How much cash did Sysco generate and return to shareholders?

    Fiscal 2025 cash flow from operations was $2.5 billion and free cash flow was $1.8 billion. Sysco returned approximately $2.3 billion to shareholders, consisting of $1.3 billion in share repurchases and $1.0 billion in dividends.

  4. What drove the goodwill impairment charge?

    The filing says the company recorded a $92 million non-cash goodwill impairment charge in operating expenses related to the Guest Worldwide business, equal to $82 million, or $0.17 per share, net of tax. Adjusted results exclude this amount.

  5. What is Sysco's current leverage and liquidity position?

    At period end, Sysco had cash of $1.1 billion and total liquidity of $3.8 billion. Net debt to adjusted EBITDA was approximately 2.9 times, and debt to net earnings was approximately 7.3 times.

04—Continue

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