Sysco Q1 sales advance as revenue reaches $21.7B
Key points
- Sysco reported fiscal first-quarter 2027 sales of $21.7 billion, up 2.8% year over year, while net earnings increased 10.5% to $526 million.
- Diluted earnings rose 10.1% to $1.09 per share, although operating income declined 10.4% to $717 million due to acquisition-related costs.
- Sysco reaffirmed its fiscal 2027 adjusted EPS growth forecast of 9%–11% but expects sales growth near the lower end of its 6%–7% range.
Sysco (NYSE:SYY) reported fiscal first-quarter 2027 sales of $21.7 billion, up 2.8%, while net earnings increased 10.5% to $526 million.
Sales rose from $21.1 billion a year earlier, while diluted earnings increased to $1.09 per share from $0.99.
Operating income declined 10.4% to $717 million because of Jetro Restaurant Depot acquisition costs, while adjusted operating income rose 3.2% to $927 million.
Sysco reaffirmed its fiscal 2027 adjusted EPS growth forecast of 9%–11% but expects sales growth near the lower end of 6%–7%.
U.S. local case volume increased 2.7%, while gross margin expanded 18 basis points to 18.6% and adjusted diluted earnings reached $1.19 per share.
Operating cash flow increased to $278 million from $86 million, while Sysco expects $100 million in AI-enabled savings during fiscal 2027.
