Sysco Q3 2026 sales top $20 billion

Sysco Corp. (NYSE:SYY) reported its third-quarter fiscal 2026 results for the period ended March 28, 2026, headlined by steady top-line growth and a transformative acquisition agreement.

The global food service leader posted sales of $20.5 billion, a 4.7% increase compared to the same period last year, while gross profit climbed 6.5% to $3.8 billion.

The quarter was defined by the strategic announcement that Sysco has entered into a pending agreement to acquire Jetro Restaurant Depot, a leading cash-and-carry food service supplier.

The deal, which remains subject to regulatory approvals, is expected to significantly expand Sysco's reach into the independent restaurant segment and enhance its self-service wholesale capabilities.

In the U.S. Foodservice operations, local case volume grew by 3.3%, reflecting continued market share gains despite a complex consumer environment.

While GAAP operating income fell 9.1% to $619 million—impacted by acquisition-related costs and operational investments—adjusted operating income stood at $768 million, demonstrating the firm's underlying margin resilience.

Meanwhile, Sysco’s cash generation remained robust, with free cash flow for the first 39 weeks of the fiscal year rising 19% to $1.1 billion.

Bolstered by this liquidity and strong volume momentum, the company reaffirmed its confidence in achieving full-year adjusted EPS near the high end of its $4.50 to $4.60 guidance range.