Sysco (SYY)
Market Price (11/5/2026): $78.03 | Market Cap: $38.4 BilInvestor Relations Sector: Consumer Staples | Industry: Food Distributors
Sysco (SYY)
Market Price (11/5/2026): $78.03Market Cap: $38.4 BilSector: Consumer StaplesIndustry: Food Distributors
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.7%, Dividend Yield is 2.8%, FCF Yield is 5.9% Stock buyback supportStock Buyback 3Y Total is 2.6 Bil Attractive cash flow generationCFO LTM is 2.8 Bil, FCF LTM is 2.2 Bil Low stock price volatilityVol 12M is 29% Megatrend and thematic driversMegatrends include Automation & Robotics, E-commerce Logistics & Data Centers, and E-commerce & DTC Adoption. Themes include Process / Warehouse Automation, Show more. | Weak multi-year price returns2Y Excs Rtn is -21%, 3Y Excs Rtn is -54% | Key risksSYY key risks include [1] profitability pressure from product cost deflation impacting its percentage-margin sales model and [2] reduced earnings from rising labor costs driven by significant union contract agreements. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.7%, Dividend Yield is 2.8%, FCF Yield is 5.9% |
| Stock buyback supportStock Buyback 3Y Total is 2.6 Bil |
| Attractive cash flow generationCFO LTM is 2.8 Bil, FCF LTM is 2.2 Bil |
| Low stock price volatilityVol 12M is 29% |
| Megatrend and thematic driversMegatrends include Automation & Robotics, E-commerce Logistics & Data Centers, and E-commerce & DTC Adoption. Themes include Process / Warehouse Automation, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -21%, 3Y Excs Rtn is -54% |
| Key risksSYY key risks include [1] profitability pressure from product cost deflation impacting its percentage-margin sales model and [2] reduced earnings from rising labor costs driven by significant union contract agreements. |
Qualitative Assessment
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Sysco (SYY) stock has lost about 10% since 7/31/2026 because of the following key factors:
1. Sysco’s fiscal Q1 2027 revenue missed analyst expectations due to significantly lower-than-anticipated U.S. food cost inflation. The company reported revenue of $21.74 billion for the first fiscal quarter ended September 26, 2026, falling short of the consensus estimate of $22.02 billion by approximately $280-$320 million. This revenue shortfall was primarily driven by unexpectedly low food cost inflation, which was only 0.3% during the quarter, including 0.3% deflation in U.S. broadline operations, compared to a consensus expectation of 1.5%. This led to a 7.61% drop in Sysco's shares in premarket trading on November 3, 2026.
2. GAAP operating income declined in fiscal Q1 2027, indicating pressure on profitability. Sysco reported a 10.4% decrease in operating income to $717 million for fiscal Q1 2027, despite an increase in adjusted operating income. This GAAP decline likely contributed to investor concerns regarding overall profitability in the recent quarter.
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Sysco (SYY) stock has lost about 10% since 7/31/2026 because of the following key factors:
1. Sysco’s fiscal Q1 2027 revenue missed analyst expectations due to significantly lower-than-anticipated U.S. food cost inflation. The company reported revenue of $21.74 billion for the first fiscal quarter ended September 26, 2026, falling short of the consensus estimate of $22.02 billion by approximately $280-$320 million. This revenue shortfall was primarily driven by unexpectedly low food cost inflation, which was only 0.3% during the quarter, including 0.3% deflation in U.S. broadline operations, compared to a consensus expectation of 1.5%. This led to a 7.61% drop in Sysco's shares in premarket trading on November 3, 2026.
2. GAAP operating income declined in fiscal Q1 2027, indicating pressure on profitability. Sysco reported a 10.4% decrease in operating income to $717 million for fiscal Q1 2027, despite an increase in adjusted operating income. This GAAP decline likely contributed to investor concerns regarding overall profitability in the recent quarter.
3. Broader macroeconomic headwinds, including soft restaurant traffic and elevated fuel costs, impacted performance. Sysco's management cited continued softness in restaurant foot traffic and higher-than-expected fuel costs as challenges during fiscal Q1 2027. The overall restaurant industry faced uneven customer traffic, persistent cost pressures, and more value-conscious consumers during the third calendar quarter of 2026, which overlaps with Sysco's fiscal Q1.
4. Concerns arose from the financing structure and increased leverage related to the Jetro Restaurant Depot acquisition. In October 2026, Sysco issued approximately $14.65 billion in notes offerings to help fund the pending Jetro Restaurant Depot acquisition. This financing is expected to result in a post-transaction net debt to adjusted EBITDA leverage ratio of 4.6x, a factor that can concern investors regarding the company's balance sheet strength in the short term. Additionally, a common stock offering announced in September 2026 increased the share count, potentially leading to dilution for existing shareholders.
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Stock Movement Drivers
Fundamental Drivers
The -9.1% change in SYY stock from 7/31/2026 to 11/4/2026 was primarily driven by a -12.3% change in the company's P/E Multiple.| (LTM values as of) | 7312026 | 11042026 | Change |
|---|---|---|---|
| Stock Price ($) | 84.64 | 76.94 | -9.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 83,567 | 85,149 | 1.9% |
| Net Income Margin (%) | 2.1% | 2.1% | 2.1% |
| P/E Multiple | 23.4 | 20.5 | -12.3% |
| Shares Outstanding (Mil) | 479 | 481 | -0.4% |
| Cumulative Contribution | -9.1% |
Market Drivers
7/31/2026 to 11/4/2026| Return | Correlation | |
|---|---|---|
| SYY | -9.1% | |
| Market (SPY) | 2.6% | -5.8% |
| Sector (XLP) | 8.1% | 53.3% |
Fundamental Drivers
The 4.4% change in SYY stock from 4/30/2026 to 11/4/2026 was primarily driven by a 2.1% change in the company's Net Income Margin (%).| (LTM values as of) | 4302026 | 11042026 | Change |
|---|---|---|---|
| Stock Price ($) | 73.69 | 76.94 | 4.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 83,567 | 85,149 | 1.9% |
| Net Income Margin (%) | 2.1% | 2.1% | 2.1% |
| P/E Multiple | 20.3 | 20.5 | 0.8% |
| Shares Outstanding (Mil) | 479 | 481 | -0.4% |
| Cumulative Contribution | 4.4% |
Market Drivers
4/30/2026 to 11/4/2026| Return | Correlation | |
|---|---|---|
| SYY | 4.4% | |
| Market (SPY) | 7.0% | -10.7% |
| Sector (XLP) | 9.8% | 54.0% |
Fundamental Drivers
The 6.6% change in SYY stock from 10/31/2025 to 11/4/2026 was primarily driven by a 7.6% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 11042026 | Change |
|---|---|---|---|
| Stock Price ($) | 72.19 | 76.94 | 6.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 82,035 | 85,149 | 3.8% |
| Net Income Margin (%) | 2.2% | 2.1% | -4.1% |
| P/E Multiple | 19.1 | 20.5 | 7.6% |
| Shares Outstanding (Mil) | 479 | 481 | -0.5% |
| Cumulative Contribution | 6.6% |
Market Drivers
10/31/2025 to 11/4/2026| Return | Correlation | |
|---|---|---|
| SYY | 6.6% | |
| Market (SPY) | 13.4% | 7.7% |
| Sector (XLP) | 23.0% | 42.4% |
Fundamental Drivers
The 25.7% change in SYY stock from 10/31/2023 to 11/4/2026 was primarily driven by a 17.0% change in the company's P/E Multiple.| (LTM values as of) | 10312023 | 11042026 | Change |
|---|---|---|---|
| Stock Price ($) | 61.22 | 76.94 | 25.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 76,325 | 85,149 | 11.6% |
| Net Income Margin (%) | 2.3% | 2.1% | -8.5% |
| P/E Multiple | 17.5 | 20.5 | 17.0% |
| Shares Outstanding (Mil) | 507 | 481 | 5.2% |
| Cumulative Contribution | 25.7% |
Market Drivers
10/31/2023 to 11/4/2026| Return | Correlation | |
|---|---|---|
| SYY | 25.7% | |
| Market (SPY) | 89.7% | 19.3% |
| Sector (XLP) | 46.0% | 50.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| SYY Return | 8% | -0% | -2% | 7% | -1% | 7% | 21% |
| Peers Return | 50% | -10% | 3% | 33% | 7% | 30% | 159% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 11% | 102% |
Monthly Win Rates [3] | |||||||
| SYY Win Rate | 33% | 50% | 58% | 58% | 58% | 64% | |
| Peers Win Rate | 53% | 43% | 52% | 62% | 55% | 65% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 36% | |
Max Drawdowns [4] | |||||||
| SYY Max Drawdown | -20% | -21% | -21% | -15% | -12% | -24% | |
| Peers Max Drawdown | -30% | -38% | -40% | -30% | -32% | -25% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: USFD, PFGC, CHEF, UNFI, HFFG. See SYY Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/4/2026 (YTD)
How Low Can It Go
| Event | SYY | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -16.3% | -9.5% |
| % Gain to Breakeven | 19.5% | 10.5% |
| Time to Breakeven | 62 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -10.6% | -6.7% |
| % Gain to Breakeven | 11.8% | 7.1% |
| Time to Breakeven | 245 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -59.0% | -33.7% |
| % Gain to Breakeven | 143.9% | 50.9% |
| Time to Breakeven | 243 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -17.0% | -19.2% |
| % Gain to Breakeven | 20.5% | 23.8% |
| Time to Breakeven | 133 days | 105 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -18.6% | -17.9% |
| % Gain to Breakeven | 22.8% | 21.8% |
| Time to Breakeven | 122 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -36.9% | -53.4% |
| % Gain to Breakeven | 58.5% | 114.4% |
| Time to Breakeven | 385 days | 1085 days |
In The Past
Sysco's stock fell -3.2% during the 2025 US Tariff Shock. Such a loss loss requires a 3.3% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | SYY | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -59.0% | -33.7% |
| % Gain to Breakeven | 143.9% | 50.9% |
| Time to Breakeven | 243 days | 140 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -36.9% | -53.4% |
| % Gain to Breakeven | 58.5% | 114.4% |
| Time to Breakeven | 385 days | 1085 days |
In The Past
Sysco's stock fell -3.2% during the 2025 US Tariff Shock. Such a loss loss requires a 3.3% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Sysco (SYY)
Sysco Corporation (SYY) is a prominent global marketer and distributor of food and related products, primarily serving the "food-away-from-home" industry. The company operates as a critical supply chain partner for a vast array of foodservice establishments, ensuring they have the necessary provisions to run their businesses efficiently.
Sysco’s extensive product portfolio encompasses a wide range of both food and non-food items. Its food offerings include frozen goods (such as meats, seafood, and vegetables), canned and dry foods, fresh meats, seafood, dairy products, beverages, imported specialties, and fresh produce. Complementing its food distribution, Sysco also supplies essential non-food products like paper goods, tableware, cookware, restaurant and kitchen equipment, and various cleaning supplies, providing a comprehensive solution for its clients' operational requirements.
The company serves a diverse customer base across multiple sectors, including independent restaurants, multi-unit restaurant chains, hospitals, nursing homes, schools, colleges, hotels, motels, and industrial caterers. With significant operations in the United States, Canada, the United Kingdom, France, and other international markets, Sysco leverages its vast network of distribution facilities to deliver products to its wide range of foodservice venues.
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Amazon for restaurants
Costco for restaurants
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- Frozen Foods: Sysco distributes a wide range of frozen items including meats, seafood, prepared entrées, fruits, vegetables, and desserts.
- Canned and Dry Foods: The company supplies various shelf-stable food products for foodservice operations.
- Fresh Meats and Seafood: Sysco provides perishable animal proteins to its customers.
- Dairy Products: This category includes milk, cheese, and other fresh dairy items.
- Beverage Products: A selection of drinks and beverage-related items are distributed for diverse foodservice venues.
- Fresh Produce: Sysco supplies fresh fruits and vegetables to its clientele.
- Non-Food Supplies: Essential operational items such as paper products, tableware, cookware, kitchen equipment, and cleaning supplies are also distributed.
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Sysco (SYY) primarily sells to other companies and organizations within the foodservice or food-away-from-home industry. Based on the provided background, specific names of major customer companies are not identified. Instead, Sysco serves a diverse range of business customers, which can be categorized as:
- Restaurants
- Hospitals and nursing homes
- Schools and colleges
- Hotels and motels
- Industrial caterers
- Other foodservice venues
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Kevin Hourican
Chair of the Board and Chief Executive Officer
Kevin Hourican joined Sysco as President and Chief Executive Officer in February 2020. Prior to Sysco, he spent over seven years at CVS Health in leadership positions, most recently as Executive Vice President, CVS Health, and President, CVS Pharmacy. In this role, he oversaw CVS's $85 billion retail business, including 9,900 retail stores and over 200,000 employees, as well as merchandising, marketing, supply chain, real estate, front store operations, pharmacy growth, pharmacy clinical care, and pharmacy operations. Before CVS Health, Mr. Hourican held executive leadership roles at Macy's, including Senior Vice President, Regional Director of Stores, responsible for managing 110 department stores in the Mid-Atlantic region. His early career also included roles at Sears. He holds an undergraduate degree in Economics and a Master's degree in Supply Chain Management from The Pennsylvania State University.
Brandon Sewell
Interim Chief Financial Officer
Brandon Sewell was appointed Interim Chief Financial Officer of Sysco, effective March 6, 2026. He joined Sysco in 2014 and has held various management roles of increasing responsibility within the company's finance organization. Most recently, he served as Senior Vice President and CFO of Sysco's U.S. business. His previous roles included head of finance for supply chain, head of finance for merchandising, and leading global financial planning and analysis (FP&A).
Tom Peck
Executive Vice President, Chief Information and Digital Officer
Tom Peck serves as Executive Vice President, Chief Information and Digital Officer for Sysco. In this role, he is responsible for steering the company's strategic direction in information and digital technology.
Ron Phillips
Executive Vice President and Chief Human Resources Officer
Ron Phillips holds the position of Executive Vice President and Chief Human Resources Officer at Sysco. His responsibilities include overseeing human resources initiatives and strategies for the company.
Jennifer Schott
Executive Vice President, Chief Legal Officer & Secretary
Jennifer Schott is the Executive Vice President, Chief Legal Officer & Secretary for Sysco, a position she assumed effective April 1, 2025. She is responsible for the company's legal affairs.
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Sysco (SYY) faces several key risks inherent to the foodservice distribution industry and broader economic conditions:
- Intense Competition and Margin Pressures: Sysco operates in a highly competitive and fragmented foodservice distribution market, contending with large national players like US Foods and Performance Food Group, as well as numerous regional and specialized distributors. This intense competition, coupled with increasing price transparency, places significant pressure on the company's margins and requires continuous innovation to maintain its competitive edge.
- Macroeconomic Headwinds and Inflationary Pressures: Economic fluctuations, including weakening consumer confidence, reduced restaurant traffic, and rising food costs, directly impact Sysco's business. The company faces challenges in effectively passing on price increases to customers, which can erode profitability and affect demand for its products.
- Labor Market Dynamics and Turnover: Sysco has experienced ongoing challenges with employee turnover, particularly within its sales force. High turnover rates can disrupt established customer relationships, lead to a loss of institutional knowledge, and increase training expenses, potentially affecting the company's ability to maintain and grow market share.
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Sysco (SYY) operates within the foodservice and food-away-from-home industry, distributing a wide range of food and related products. The addressable markets for Sysco's main products and services are substantial across its operating regions.
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U.S. Foodservice Market: This market was valued at approximately USD 825 billion in 2023 and USD 1.02 trillion in 2024. It is projected to grow, with some estimates reaching USD 1.67 trillion by 2031 and USD 1.97 trillion by 2033. The U.S. foodservice distribution market, a direct segment for Sysco, recorded sales of USD 382 billion in 2022 and was estimated to be between USD 250-300 billion.
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Canada Foodservice Market: In 2023, the Canadian foodservice market was valued at USD 83.3 billion or USD 85 billion. Projections indicate significant growth, with the market expected to reach USD 257.5 billion by 2030, USD 460.5 billion by 2033, or USD 583.47 billion by 2034. Another estimate places the market size at USD 0.13 trillion (130 billion) in 2025, growing to USD 0.32 trillion by 2031.
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Europe Foodservice Market: The European foodservice market generated approximately USD 689.184 billion in revenue in 2023. Further estimates show the market size at USD 670.23 billion in 2024, USD 0.95 trillion in 2025, growing to USD 1.04 trillion in 2026, and projected to reach USD 1.61 trillion by 2031. Another report valued it at USD 1,269.16 billion in 2025, anticipating growth to USD 3,097.04 billion by 2034.
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U.K. Foodservice Market: This market was valued at USD 76.89 billion in 2024, with another estimate placing it at USD 104.8 billion (GBP equivalent) in 2025. It is projected to increase to USD 117.01 billion by 2032 or USD 147.63 billion by 2031. The market is expected to grow by USD 57 billion between 2024 and 2029.
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France Foodservice Market: The foodservice market in France reached USD 91.3 billion in 2024, with other reports citing it at approximately EUR 85 billion (USD 85-91 billion) in 2025 and USD 85.80 billion in 2024. It is expected to grow to USD 125.5 billion by 2033 or USD 122.89 billion by 2033.
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Global Foodservice Market: The global foodservice market was valued at USD 3,099.662 billion in 2023 and is projected to reach USD 3,787.471.6 million by 2030. Another source estimated the market at USD 3,236 billion, and USD 3,203.43 billion in 2025, expected to reach USD 4,109.81 billion by 2031. The global foodservice distribution market was estimated at USD 1.1 trillion in 2025 and is projected to reach USD 1.9 trillion by 2033. North America represented 24.1% of the global foodservice market in 2023.
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Sysco Corporation (SYY) is anticipated to drive future revenue growth over the next two to three years through several key strategies and market dynamics:
- Growth in U.S. Foodservice Local Case Volumes: Sysco expects continued improvement and acceleration in its U.S. Foodservice local case volumes. The company reported a 1.2% growth in USFS local case volumes in Q2 FY26, marking the third consecutive quarter of improvement, and anticipates at least 2.5% growth in local case volumes for the latter half of the fiscal year. Management also projected at least 100 basis points sequential improvement in USFS local volumes for Q2 FY26. This focus on local business is a primary driver of top-line growth.
- Expansion of International Foodservice Operations: Sysco's international segment has been a consistent strong performer and is expected to continue supporting revenue growth. The International Foodservice Operations segment delivered sales growth of 4.5% and local case volume growth of approximately 5% in Q1 FY26, achieving its eighth consecutive quarter of double-digit profit growth. This robust performance reflects effective margin management and local volume growth across Sysco's international operations.
- Strategic Initiatives and Digital Transformation under "Recipe for Growth": Sysco's "Recipe for Growth" strategy focuses on key areas including digital tools, products and solutions, and customer teams. A notable strategic initiative is the expansion into the Cash and Carry channel with "Sysco To Go," which aims to target new customer bases by offering competitive pricing and convenient access to products. These initiatives are geared towards enhancing customer relationships, improving operational efficiency, and ultimately driving sales.
- Leveraging the "Food Away From Home" Market Trend: Sysco is well-positioned to benefit from the long-term societal shift in consumer spending towards food away from home. This multi-decade trend shows no signs of reversing and provides a substantial runway for Sysco's continued expansion, as the foodservice distribution industry has more than doubled in size since 2000. As a dominant player in this growing market, Sysco expects to capture an increasing share of this trend.
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Share Repurchases
- Sysco completed the repurchase of 46,060,810 shares for $3,684.32 million under a buyback program announced on May 20, 2021, with the completion occurring by January 2026.
- In fiscal year 2025, Sysco returned $1.3 billion to shareholders through share repurchases.
- Sysco plans to reward shareholders with approximately $1 billion in share repurchases for fiscal year 2026.
Outbound Investments
- Sysco completed the acquisition of The Coastal Companies, a fresh produce distributor and value-added processor with approximately $600 million in annual revenue, in February 2022.
- The company acquired Greco and Sons in fiscal year 2022 to better serve Italian-focused customers.
- Sysco acquired Ginsbergs, a wholesale foodservice distributor, in December 2025.
Capital Expenditures
- Capital expenditures for fiscal year 2025 were $692 million.
- For the fiscal years ending July 2021 to 2025, Sysco's capital expenditures averaged $726.9 million, with a peak of $906 million in June 2025.
- Sysco is investing significantly in its infrastructure, including fleet and technology.
Peer Outperformance in Food Distributors
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| SYY | Sysco | 3.5% | 20.5x | 8.3% | 24.7% | 13.2% | — |
| USFD | US Foods | 4.7% | 33.1x | 49.8% | 167.3% | 197.2% | +184pp |
| PFGC | Performance Food | 6.2% | 43.4x | 13.4% | 80.7% | 136.8% | +124pp |
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Consumer Staples Merchandise Retail | 12 | 27.0% | 61.3% | 60.6% | WMT 173% · PSMT 132% · COST 114% |
| Tobacco | 6 | -21.6% | -5.1% | 45.9% | PM 184% · MO 157% |
| Food Retail | 6 | 10.6% | 62.5% | 38.7% | CASY 249% · SFM 136% · KR 77% |
| Soft Drinks & Non-alcoholic Beverages | 13 | 14.4% | -4.8% | 16.2% | COKE 416% · COCO 372% · CCHGY 139% |
| Food Distributors ← | 9 | 8.3% | 23.9% | 13.2% | CHEF 199% · USFD 197% · PFGC 137% |
| Brewers | 3 | 11.5% | -18.6% | 10.1% | BUD 51% · TAP 10% · SAM -55% |
| Household Products | 19 | 25.7% | 3.2% | -13.3% | IPAR 53% · CL 44% · CHD 33% |
| Personal Care Products | 4 | 6.5% | 12.4% | -15.2% | ELF 276% · PG 31% · COTY -61% |
| Packaged Foods & Meats | 48 | -19.7% | -29.6% | -32.2% | CALM 138% · TR 44% · SJM 27% |
| Agricultural Products & Services | 11 | -4.4% | -5.0% | -37.6% | ADM 27% · BG 20% · INGR 16% |
| Distillers & Vintners | 5 | -25.2% | -56.7% | -74.6% | STZ -27% · BF-B -52% |
| Drug Retail | 3 | -66.5% | -82.8% | -95.5% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Sysco Stock Shares Sink 15% In A Day, Now Is Not The Time To Buy The Stock | 03/31/2026 | |
| Stress Testing SYY: Historical Drawdowns and Macro Risks | 03/31/2026 | |
| Sysco Earnings Notes | 12/27/2025 | |
| How Low Can Sysco Stock Really Go? | 10/17/2025 | |
| How Does Sysco Stock Stack Up Against Its Peers? | 08/13/2025 | |
| Better Bet Than SYY Stock: Pay Less Than Sysco To Get More From FI, EXC | 08/12/2025 | |
| Better Bet Than SYY Stock: Pay Less Than Sysco To Get More From BRBR, CALM | 08/12/2025 | |
| SYY Dip Buy Analysis | 07/10/2025 | |
| ARTICLES | ||
| What Is Behind The Move In Sysco Stock? | 11/04/2026 | |
| Sysco Stock at Support Zone – Bargain or Trap? | 04/01/2026 | |
| Sysco Stock To $49? | 03/31/2026 | |
| S&P 500 Movers | Winners: NOW, PANW, AJG | Losers: SYY, MU, COHR | 03/30/2026 | |
| S&P 500 Stocks Trading At 52-Week High | 02/14/2026 |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 92.44 |
| Mkt Cap | 17.2 |
| Rev LTM | 40,133 |
| Op Inc LTM | 935 |
| FCF LTM | 946 |
| FCF 3Y Avg | 771 |
| CFO LTM | 1,369 |
| CFO 3Y Avg | 1,203 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 3.8% |
| Rev Chg 3Y Avg | 4.7% |
| Rev Chg Q | 4.5% |
| QoQ Delta Rev Chg LTM | 1.1% |
| Op Inc Chg LTM | 8.4% |
| Op Inc Chg 3Y Avg | 11.7% |
| Op Mgn LTM | 3.2% |
| Op Mgn 3Y Avg | 3.1% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 3.3% |
| CFO/Rev 3Y Avg | 3.2% |
| FCF/Rev LTM | 2.4% |
| FCF/Rev 3Y Avg | 2.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 17.2 |
| P/S | 0.4 |
| P/Op Inc | 18.4 |
| P/EBIT | 18.2 |
| P/E | 32.8 |
| P/CFO | 13.3 |
| Total Yield | 2.5% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 5.1% |
| D/E | 0.4 |
| Net D/E | 0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 5.3% |
| 3M Rtn | -0.5% |
| 6M Rtn | 13.0% |
| 12M Rtn | 22.5% |
| 3Y Rtn | 122.9% |
| 1M Excs Rtn | 8.1% |
| 3M Excs Rtn | 1.2% |
| 6M Excs Rtn | 10.2% |
| 12M Excs Rtn | 10.1% |
| 3Y Excs Rtn | 62.0% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| US Foodservice Operations | 58,803 | 56,965 | 55,339 | 53,683 | 48,521 |
| International Foodservice Operations | 16,042 | 14,905 | 14,561 | 13,560 | 11,787 |
| SYGMA | 8,623 | 8,410 | 7,768 | 7,843 | 7,246 |
| Other | 1,085 | 1,090 | 1,176 | 1,239 | 1,082 |
| Total | 84,553 | 81,370 | 78,844 | 76,325 | 68,636 |
| $ Mil | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| US Foodservice Operations | 3,518 | 3,516 | 3,673 | 3,587 | 3,181 |
| International Foodservice Operations | 463 | 437 | 375 | 314 | 100 |
| SYGMA | 94 | 81 | 72 | 56 | -3 |
| Other | 30 | -73 | 40 | 57 | 17 |
| Global Support Center | -1,010 | -873 | -958 | -975 | -949 |
| Total | 3,095 | 3,088 | 3,202 | 3,039 | 2,346 |
| $ Mil | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| US Foodservice Operations | 13,785 | 13,169 | 12,505 | 11,398 | 9,541 |
| International Foodservice Operations | 8,404 | 8,119 | 7,545 | 7,433 | 6,596 |
| Global Support Center | 4,769 | 4,048 | 3,328 | 2,506 | 4,559 |
| SYGMA | 932 | 922 | 923 | 840 | 835 |
| Other | 507 | 516 | 616 | 644 | 555 |
| Total | 28,397 | 26,774 | 24,917 | 22,821 | 22,086 |
Price Behavior
| Market Price | $76.94 | |
| Market Cap ($ Bil) | 37.0 | |
| First Trading Date | 05/08/1973 | |
| Distance from 52W High | -13.8% | |
| 50 Days | 200 Days | |
| DMA Price | $79.88 | $79.53 |
| DMA Trend | down | up |
| Distance from DMA | -3.7% | -3.3% |
| 3M | 1YR | |
| Volatility | 28.0% | 29.1% |
| Downside Capture | 22.98 | 21.27 |
| Upside Capture | -54.80 | 24.04 |
| Correlation (S&P 500) | -9.8% | 6.8% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.41 | -0.16 | -0.32 | -0.27 | 0.15 | 0.29 |
| Up Beta | -0.88 | -0.59 | -1.03 | -0.34 | 0.31 | 0.39 |
| Down Beta | -0.75 | -0.67 | -0.67 | -0.58 | -0.14 | 0.23 |
| Up Capture | 36% | 17% | -8% | 1% | 19% | 8% |
| Bmk +ve Days | 12 | 18 | 28 | 62 | 130 | 427 |
| Stock +ve Days | 14 | 24 | 32 | 67 | 126 | 387 |
| Down Capture | -73% | -7% | 3% | -43% | 17% | 44% |
| Bmk -ve Days | 10 | 25 | 36 | 64 | 121 | 325 |
| Stock -ve Days | 8 | 19 | 32 | 59 | 124 | 358 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SYY | |
|---|---|---|---|---|
| SYY | 8.6% | 29.1% | 0.28 | - |
| Sector ETF (XLP) | 24.1% | 15.7% | 1.17 | 42.2% |
| Equity (SPY) | 13.2% | 12.9% | 0.68 | 7.8% |
| Gold (GLD) | 1.0% | 28.8% | 0.03 | 13.4% |
| Commodities (DBC) | 35.9% | 21.2% | 1.34 | -8.9% |
| Real Estate (VNQ) | 14.3% | 14.1% | 0.70 | 28.6% |
| Bitcoin (BTCUSD) | -28.2% | 43.4% | -0.65 | 1.8% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SYY | |
|---|---|---|---|---|
| SYY | 2.9% | 24.1% | 0.08 | - |
| Sector ETF (XLP) | 8.0% | 14.0% | 0.34 | 55.9% |
| Equity (SPY) | 12.5% | 17.2% | 0.55 | 39.4% |
| Gold (GLD) | 17.3% | 19.1% | 0.73 | 6.0% |
| Commodities (DBC) | 8.0% | 19.6% | 0.29 | 1.4% |
| Real Estate (VNQ) | 1.8% | 18.9% | -0.01 | 42.5% |
| Bitcoin (BTCUSD) | 5.5% | 51.5% | 0.29 | 13.2% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SYY | |
|---|---|---|---|---|
| SYY | 7.7% | 30.6% | 0.30 | - |
| Sector ETF (XLP) | 8.5% | 15.0% | 0.43 | 51.4% |
| Equity (SPY) | 15.4% | 18.0% | 0.73 | 50.7% |
| Gold (GLD) | 11.9% | 16.5% | 0.59 | 2.6% |
| Commodities (DBC) | 7.4% | 18.1% | 0.33 | 16.9% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.23 | 54.9% |
| Bitcoin (BTCUSD) | 61.0% | 66.2% | 1.01 | 15.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 11/3/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/3/2026 | -9.3% | ||
| 8/4/2026 | -2.6% | -1.3% | -3.4% |
| 4/28/2026 | -2.6% | -3.8% | -0.2% |
| 1/27/2026 | 11.0% | 9.6% | 17.9% |
| 10/28/2025 | -2.7% | -6.5% | -2.7% |
| 7/29/2025 | -2.5% | -1.1% | -0.9% |
| 4/29/2025 | -0.3% | 0.3% | 1.5% |
| 1/28/2025 | -6.0% | -5.9% | -3.4% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 9 | 12 | 10 |
| # Negative | 16 | 12 | 14 |
| Median Positive | 5.5% | 3.4% | 6.2% |
| Median Negative | -2.5% | -2.5% | -3.6% |
| Max Positive | 11.0% | 24.5% | 27.4% |
| Max Negative | -9.3% | -6.5% | -8.9% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/3/2026 | -9.3% | ||
| 8/4/2026 | -2.6% | -1.3% | -3.4% |
| 4/28/2026 | -2.6% | -3.8% | -0.2% |
| 1/27/2026 | 11.0% | 9.6% | 17.9% |
| 10/28/2025 | -2.7% | -6.5% | -2.7% |
| 7/29/2025 | -2.5% | -1.1% | -0.9% |
| 4/29/2025 | -0.3% | 0.3% | 1.5% |
| 1/28/2025 | -6.0% | -5.9% | -3.4% |
| 10/29/2024 | -1.2% | 0.4% | 1.7% |
| 7/30/2024 | 4.3% | 1.9% | 4.0% |
| 4/30/2024 | -3.8% | -2.3% | -7.4% |
| 1/30/2024 | 7.5% | 7.5% | 7.3% |
| 10/31/2023 | 1.4% | 2.0% | 9.4% |
| 8/1/2023 | -0.2% | -2.8% | -7.6% |
| 5/2/2023 | -1.3% | -1.0% | -8.9% |
| 1/31/2023 | -0.8% | -1.5% | -3.9% |
| 11/1/2022 | -2.8% | -3.9% | -0.1% |
| 8/9/2022 | -5.1% | -1.8% | -4.4% |
| 5/10/2022 | 6.1% | 4.3% | 5.0% |
| 2/8/2022 | 1.8% | 2.6% | -0.2% |
| 11/9/2021 | -1.0% | -4.9% | -8.6% |
| 8/10/2021 | 6.5% | 8.0% | 4.0% |
| 5/4/2021 | -1.0% | 1.9% | -4.0% |
| 2/2/2021 | 2.0% | 7.5% | 13.9% |
| 11/3/2020 | 5.5% | 24.5% | 27.4% |
| SUMMARY STATS | |||
| # Positive | 9 | 12 | 10 |
| # Negative | 16 | 12 | 14 |
| Median Positive | 5.5% | 3.4% | 6.2% |
| Median Negative | -2.5% | -2.5% | -3.6% |
| Max Positive | 11.0% | 24.5% | 27.4% |
| Max Negative | -9.3% | -6.5% | -8.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2026 | 11/04/2026 | 10-Q |
| 06/30/2026 | 08/21/2026 | 10-K |
| 03/31/2026 | 04/29/2026 | 10-Q |
| 12/31/2025 | 01/28/2026 | 10-Q |
| 09/30/2025 | 10/29/2025 | 10-Q |
| 06/30/2025 | 08/22/2025 | 10-K |
| 03/31/2025 | 04/30/2025 | 10-Q |
| 12/31/2024 | 01/29/2025 | 10-Q |
| 09/30/2024 | 10/30/2024 | 10-Q |
| 06/30/2024 | 08/28/2024 | 10-K |
| 03/31/2024 | 05/01/2024 | 10-Q |
| 12/31/2023 | 01/31/2024 | 10-Q |
| 09/30/2023 | 11/01/2023 | 10-Q |
| 06/30/2023 | 08/25/2023 | 10-K |
| 03/31/2023 | 05/02/2023 | 10-Q |
| 12/31/2022 | 02/01/2023 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2026 | 11/04/2026 | 10-Q |
| 06/30/2026 | 08/21/2026 | 10-K |
| 03/31/2026 | 04/29/2026 | 10-Q |
| 12/31/2025 | 01/28/2026 | 10-Q |
| 09/30/2025 | 10/29/2025 | 10-Q |
| 06/30/2025 | 08/22/2025 | 10-K |
| 03/31/2025 | 04/30/2025 | 10-Q |
| 12/31/2024 | 01/29/2025 | 10-Q |
| 09/30/2024 | 10/30/2024 | 10-Q |
| 06/30/2024 | 08/28/2024 | 10-K |
| 03/31/2024 | 05/01/2024 | 10-Q |
| 12/31/2023 | 01/31/2024 | 10-Q |
| 09/30/2023 | 11/01/2023 | 10-Q |
| 06/30/2023 | 08/25/2023 | 10-K |
| 03/31/2023 | 05/02/2023 | 10-Q |
| 12/31/2022 | 02/01/2023 | 10-Q |
| 09/30/2022 | 11/02/2022 | 10-Q |
| 06/30/2022 | 08/26/2022 | 10-K |
| 03/31/2022 | 05/11/2022 | 10-Q |
| 12/31/2021 | 02/09/2022 | 10-Q |
| 09/30/2021 | 11/09/2021 | 10-Q |
| 06/30/2021 | 08/30/2021 | 10-K |
| 03/31/2021 | 05/05/2021 | 10-Q |
| 12/31/2020 | 02/03/2021 | 10-Q |
| 09/30/2020 | 11/04/2020 | 10-Q |
| 06/30/2020 | 08/26/2020 | 10-K |
| 03/31/2020 | 05/06/2020 | 10-Q |
| 12/31/2019 | 02/05/2020 | 10-Q |
Recent Forward Guidance
Updated 11/4/2026Latest: Q1 2027 Earnings Reported 11/3/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2027 Local Volume Growth | Reported | 2.5% | ||||||
| 2027 Net Cost Savings | Reported | 100.00 Mil | 0.0% | Affirmed | Guidance: 100.00 Mil for 2027 | |||
| 2027 Sales Growth | Reported | 6.0% | 6.5% | 7.0% | 0.0% | Affirmed | Guidance: 6.5% for 2027 | |
| 2027 Adjusted EPS Growth | Reported | 9.0% | 10.0% | 11.0% | 0.0% | Affirmed | Guidance: 10.0% for 2027 | |
Prior: Q4 2026 Earnings Reported 8/4/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2027 Cost Savings | Reported | 100.00 Mil | ||||||
| 2027 Sales Growth | Reported | 6.0% | 6.5% | 7.0% | ||||
| 2027 Adjusted EPS Growth | Reported | 9.0% | 10.0% | 11.0% | ||||
Q3 2026 Earnings Reported 4/28/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2026 U.S. Local Growth | Reported | 2.5% | ||||||
| 2026 Adjusted EPS | Reported | 4.5 | 4.55 | 4.6 | -1.1% | Lowered | Guidance: 4.6 for 2026 | |
Q2 2026 Earnings Reported 1/27/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Local Case Growth | Reported | 2.5% | ||||||
| 2026 Adjusted EPS | Reported | 4.5 | 4.6 | 4.6 | ||||
| 2026 Adjusted EPS Growth | Reported | 5.0% | 7.0% | 7.0% | 1.0% | Raised | Guidance: 6.0% for 2026 | |
Insider Activity
Updated 11/3/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Phillips, Ronald L | EVP and CHRO | Direct | Sell | 9152026 | 84.32 | 57 | 4,806 | 4,186,122 | Form |
| 2 | Phillips, Ronald L | EVP and CHRO | Direct | Sell | 9152026 | 83.00 | 960 | 79,680 | 4,137,688 | Form |
| 3 | Phillips, Ronald L | EVP and CHRO | Direct | Sell | 8252026 | 84.09 | 506 | 42,550 | 3,053,532 | Form |
| 4 | Phillips, Ronald L | EVP and CHRO | Direct | Sell | 8252026 | 83.61 | 7,350 | 614,534 | 3,231,498 | Form |
| 5 | Phillips, Ronald L | EVP and CHRO | Direct | Sell | 8122026 | 83.39 | 367 | 30,604 | 3,222,995 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Phillips, Ronald L | EVP and CHRO | Direct | Sell | 9152026 | 84.32 | 57 | 4,806 | 4,186,122 | Form |
| 2 | Phillips, Ronald L | EVP and CHRO | Direct | Sell | 9152026 | 83.00 | 960 | 79,680 | 4,137,688 | Form |
| 3 | Phillips, Ronald L | EVP and CHRO | Direct | Sell | 8252026 | 84.09 | 506 | 42,550 | 3,053,532 | Form |
| 4 | Phillips, Ronald L | EVP and CHRO | Direct | Sell | 8252026 | 83.61 | 7,350 | 614,534 | 3,231,498 | Form |
| 5 | Phillips, Ronald L | EVP and CHRO | Direct | Sell | 8122026 | 83.39 | 367 | 30,604 | 3,222,995 | Form |
| 6 | Phillips, Ronald L | EVP and CHRO | Direct | Sell | 8122026 | 83.94 | 6,285 | 527,563 | 3,355,054 | Form |
| 7 | Hinshaw, John M | Direct | Buy | 5272026 | 75.17 | 13,304 | 1,000,035 | 3,021,774 | Form | |
| 8 | Talton, Sheila | Direct | Sell | 2022026 | 82.99 | 2,801 | 232,455 | 1,067,940 | Form | |
| 9 | Phillips, Ronald L | EVP and CHRO | Direct | Sell | 1272026 | 81.00 | 5,601 | 453,681 | 2,913,128 | Form |
Investor Activity (13F)
Updated Nov 5, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| TOMS Capital Investment Management LP | $60.6 Mil | 4.0% | 14 | New | 13F |
| Longview Partners (Guernsey) LTD | $279.2 Mil | 4.0% | 25 | TRIM -20.3% | 13F |
| Cambridge Financial Group, Inc. | $7.5 Mil | 2.8% | 33 | Hold | 13F |
| St. James Investment Company, LLC | $11.7 Mil | 1.8% | 22 | Hold | 13F |
| Troy Asset Management Ltd | $29.0 Mil | 0.9% | 30 | TRIM -8.2% | 13F |
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | As Of | Filing |
|---|---|---|---|---|---|---|
| Eminence Capital, LP | $66.1 Mil | 1.0% | 39 | Exited | Dec 31, 2025 | 13F |
| Sunriver Management LLC | $48.1 Mil | 5.0% | 23 | Exited | Dec 31, 2025 | 13F |
| Prevatt Capital Ltd | $20.6 Mil | 6.0% | 11 | Exited | Dec 31, 2025 | 13F |
| Clifford Capital Partners LLC | $14.4 Mil | 2.4% | 42 | Exited | Dec 31, 2025 | 13F |
| Kiltearn Partners LLP | $9.0 Mil | 1.9% | 28 | Exited | Dec 31, 2025 | 13F |
| Walter Public Investments Inc. | $6.1 Mil | 1.1% | 49 | Exited | Dec 31, 2025 | 13F |
| Longview Partners (Guernsey) LTD | $279.2 Mil | 4.0% | 25 | TRIM -20.3% | Mar 31, 2026 | 13F |
| Troy Asset Management Ltd | $29.0 Mil | 0.9% | 30 | TRIM -8.2% | Mar 31, 2026 | 13F |
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Longview Partners (Guernsey) LTD | $279.2 Mil | 4.0% | 25 | TRIM -20.3% | 13F |
| TOMS Capital Investment Management LP | $60.6 Mil | 4.0% | 14 | New | 13F |
| Troy Asset Management Ltd | $29.0 Mil | 0.9% | 30 | TRIM -8.2% | 13F |
| St. James Investment Company, LLC | $11.7 Mil | 1.8% | 22 | Hold | 13F |
| Cambridge Financial Group, Inc. | $7.5 Mil | 2.8% | 33 | Hold | 13F |
Sysco — Investor Video Playlist
Industry Resources
| Consumer Staples Resources |
| FoodNavigator |
| Consumer Goods Technology (CGT) |
| Beverage Digest |
| Food Distributors Resources |
| Food Logistics |
| Refrigerated & Frozen Foods |
| Food Engineering |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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