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Sysco 8-K Report, Regulation FD Disclosure (Sep 9, 2026)

Reports
Regulation FD·Exhibits & Filings
Filing Date
Filed September 9, 2026
Period End
September 9, 2026
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 · Jun ’17Jun ’17
  2. Material agreement8-K · Feb ’20Feb ’20
  3. Leadership change8-K · Feb ’22Feb ’22
  4. Leadership change8-K · Nov ’25Nov ’25

01—Abstract

Summary

Summary of the 8-K filed September 9, 2026. Cited figures are marked; the original filing is the authoritative source.

Sysco Corporation filed this Form 8-K under Item 7.01 (Regulation FD Disclosure) to furnish a presentation for the Barclays 19th Annual Global Consumer Staples Conference, webcast on September 9, 2026 at 12:00 p.m.

Eastern Time. The filing states the information is furnished, not filed, under Section 18 of the Exchange Act. The attached Exhibit 99.1 presentation, delivered by Chair and CEO Kevin Hourican and Interim CFO Brandon Sewell, reaffirms fiscal 2027 guidance of 6%a-7% sales growth and 9%-11% adjusted EPS growth, with the adjusted EPS growth expected at the high end of the earnings algorithm.

Management reports FY26 sales of $84.55 billionb, GAAP diluted EPS of $3.66, and adjusted diluted EPS of $4.61. The presentation also raises the mid-term algorithm for fiscal 2028 and 2029 to sales growth of 4%-7% and adjusted EPS growth of 9%-11%, previously 4%-6% and 6%-8%, with total shareholder return of 12%-14%. The presentation centers on the proposed transaction with Jetro Restaurant Depot.

Management describes the combination as creating a multi-channel foodservice distribution platform, cites $250 millionc in annualized expected net cost synergies, and projects Year 1 and Year 2 adjusted EPS accretion of mid-to-high single digit and low-to-mid-teens, respectively. It also outlines a deleveraging commitment of approximately 1.0x net leverage reduction within 24 months post-close, with a long-term net debt to adjusted EBITDA target of 2.75x. Sysco reported a net debt leverage ratio of 2.7x at the end of the fourth quarter.

Separately, the company introduced a $500 milliond annualized AI and technology efficiency program, with approximately $100 million of net cost out included in fiscal 2027 guidance. The presentation includes forward-looking statements and non-GAAP reconciliations.

02—Key points

Key Highlights

  1. Reaffirmed FY2027 guidance: sales growth of 6%-7% and adjusted EPS growth of 9%-11%, with adjusted EPS growth expected at the high end of the earnings algorithm.
  2. Raised mid-term algorithm for fiscal 2028 and 2029 to sales growth of 4%-7% and adjusted EPS growth of 9%-11%, up from 4%-6% and 6%-8%, respectively; total shareholder return of 12%-14%.
  3. FY26 results: sales of $84,553 million, GAAP diluted EPS of $3.66, and adjusted diluted EPS of $4.61 (up from $4.46 in FY25).
  4. Proposed Jetro Restaurant Depot transaction projected to deliver Year 1 adjusted EPS accretion of mid-to-high single digits and Year 2 accretion of low-to-mid teens, with $250 million in annualized expected net cost synergies.
  5. Introduced a $500 million annualized AI and technology efficiency program, with approximately $100 million of net cost out included in fiscal 2027 guidance and the full amount realized in fiscal 2029.
  6. Committed to approximately 1.0x net leverage reduction within 24 months post-close, with a long-term net debt to adjusted EBITDA target of 2.75x; net leverage was 2.7x at fiscal year-end.
  7. Cumulative cash returned to shareholders projected at approximately $21.7 billion over 13 years, with about $1.2 billion returned in FY26.

03—Questions

Frequently Asked Questions

  1. What did Sysco disclose in this 8-K filing?

    Sysco furnished under Item 7.01 (Regulation FD Disclosure) a presentation for the Barclays 19th Annual Global Consumer Staples Conference, held September 9, 2026. The information is furnished rather than filed for purposes of Section 18 of the Exchange Act.

  2. Did Sysco change its financial guidance?

    Sysco reaffirmed fiscal 2027 guidance of 6%-7% sales growth and 9%-11% adjusted EPS growth. It raised its mid-term algorithm for fiscal 2028 and 2029 to 4%-7% sales growth and 9%-11% adjusted EPS growth, up from prior ranges of 4%-6% and 6%-8%, and total shareholder return of 12%-14%.

  3. What are the expected benefits of the Jetro Restaurant Depot transaction?

    The presentation projects Year 1 adjusted EPS accretion of mid-to-high single digits and Year 2 accretion of low-to-mid teens, excluding transaction-related D&A. It cites $250 million in annualized expected net cost synergies, with the company stating it has identified opportunities that could exceed this amount.

  4. How will Sysco manage leverage after the proposed transaction?

    Sysco committed to approximately 1.0x net leverage reduction within 24 months post-close, with a long-term net debt to adjusted EBITDA target of 2.75x. It also stated no large-scale M&A until target leverage is achieved and expects to maintain investment grade credit ratings.

  5. What is the new $500 million efficiency program?

    Sysco introduced a $500 million annualized AI and technology efficiency program, expected to be realized in fiscal 2029, including approximately $100 million of net cost out within fiscal 2027 guidance. Focus areas include supply chain productivity, indirect spend management, customer experience and back office simplification, and merchandising and procurement automation.

04—Continue

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