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Sentiment · FY2026 Q4
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| John Heinbockel | Guggenheim | 9 (0%) |
| Jeff Bernstein | Barclays | 8 (13%) |
| Ed Kelly | Wells Fargo | 7 (43%) |
| Alex Slagle | Jefferies | 7 (14%) |
| Mark Carden | UBS | 6 (0%) |
| John Ivankoe | JPMorgan | 6 (0%) |
| Jake Bartlett | Truist Securities | 5 (20%) |
| Lauren Silberman | Deutsche Bank | 4 (0%) |
| Sara Senatore | Bank of America | 4 (0%) |
| Kelly Bania | BMO Capital Markets | 4 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Guggenheim | 1 | 9 (0%) |
| Barclays | 1 | 8 (13%) |
| Wells Fargo | 1 | 7 (43%) |
| Jefferies | 1 |
| 7 (14%) |
| JPMorgan | 1 | 6 (0%) |
| UBS | 1 | 6 (0%) |
| Truist Securities | 1 | 5 (20%) |
| Deutsche Bank | 1 | 4 (0%) |
Local volume growth accelerated to 3.3%, the strongest in three years, as Sysco announced the transformative $29.1 billion Jetro Restaurant Depot acquisition while revenue grew 4.7% and international delivered its tenth consecutive double-digit profit growth. Adjusted EPS of $0.94 was in line with expectations as incentive compensation lapping created a significant headwind, and gross margin expansion accelerated on strategic sourcing and mix improvement. The $800 million share repurchase was suspended and the CFO departed ahead of the acquisition closing.
Competitive Dynamics | Revenue Growth | Labor Market | Margin | Demand | Pricing | Guidance Reliability | M&A | |
|---|---|---|---|---|---|---|---|---|
| 2025Q1 | 6 | 4 | 4 | 2 | 1 | 1 | 1 | |
| 2025Q2 | 3 | 6 | 3 | 1 | 2 | |||
| 2025Q3 | 4 | 1 | 2 | 1 | 1 | 1 | 1 | |
| 2025Q4 | 4 | 3 | 2 | 1 | 1 | 1 | 1 | 1 |
| 2026Q1 | 5 | 5 | 1 | 2 | 1 | 1 | 1 | |
| 2026Q2 | 2 | 3 | 1 | 1 | 1 | 2 | ||
| 2026Q3 | 2 | 2 | 3 | 2 | 4 |
| '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | '26Q2 | '26Q3 | |
|---|---|---|---|---|---|---|---|
| Competitive Dynamics | 6 | 3 | 4 | 4 | 5 | 2 | 2 |
| Revenue Growth | 4 | 6 | 1 | 3 | 5 | 3 | 2 |
| Labor Market | 4 | 2 | 2 | 1 | 1 | ||
| Margin | 2 | 3 | 1 | 1 | 2 | 1 | |
| Demand | 1 | 1 | 1 | 1 | 1 | 1 | 3 |
| Pricing | 1 | 2 | 1 | 1 | 1 | 2 | |
| Guidance Reliability | 1 | 1 | 1 | 1 | 2 | ||
| M&A | 1 | 4 |
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2025 Q1 | $20.48B | +4.4% | $0.99 | 0.0% | 18.3% | 3.9% | 2.4% | $-69M |
| FY2025 Q2 | $20.15B | +4.5% | $0.82 | 0.0% | 18.1% | 3.5% | 2.0% | $234M |
| FY2025 Q3 | $19.60B | +1.1% | $0.82 |
| -3.5% |
| 18.3% |
| 3.5% |
| 2.0% |
| $620M |
| FY2025 Q4 | $21.14B | +2.8% | $1.10 | -10.6% | 18.9% | 4.2% | 2.5% | $819M |
| FY2026 Q1 | $21.15B | +3.2% | $0.99 | 0.0% | 18.4% | 3.8% | 2.3% | $-74M |
| FY2026 Q2 | $20.76B | +3.0% | $0.81 | -1.2% | 18.3% | 3.3% | 1.9% | $385M |
| FY2026 Q3 | $20.52B | +4.7% | $0.71 | -13.4% | 18.6% | 3.0% | 1.7% | $691M |
| FY2026 Q4 | $22.12B | +4.7% | $1.15 | +4.5% | 18.7% | 4.4% | 2.5% | — |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
What SYY and other companies said about each other on FY2026 Q3 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“This includes the announced $43 billion merger of Unilever's food business with McCormick, [ Sysco's ] $29 billion acquisition of Jetro Restaurant Depot and Cortera Energy's $26 billion sale to Devon Energy.”
Goldman advised on Sysco's $29B acquisition of Jetro Restaurant Depot, a read-through on major Sysco M&A/consolidation in foodservice distribution.
“our recently announced planned acquisition of Jetro Restaurant Depot.”
Sysco is acquiring Jetro Restaurant Depot, the leading US cash-and-carry foodservice supplier, in a $29.1B deal expected to add scale and margin.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
SYY Sysco | 5 | +4.7% | |
| ADM Archer Daniels Midland | 8 | +1.6% | |
| BF-B Brown–Forman | 5 | +2.0% | |
| BG Bunge Global | 7 | +87.8% | |
| CAG Conagra Brands | 5 | -1.9% | |
| CHD Church & Dwight | 6 | +0.1% | |
| CL Colgate-Palmolive | 7 | +8.4% | |
| CLX Clorox | 4 | +0.1% | |
| COST Costco Wholesale Corporation | 7 | +9.2% | |
| CPB Campbell Soup Company | 1 | -4.5% | |
| DG Dollar General | 8 | +5.9% | |
| DLTR Dollar Tree | 9 | +9.0% | |
| EL Estée Lauder Companies (The) | 9 | +4.6% | |
| GIS General Mills | 4 | -8.4% | |
| HRL Hormel Foods | 6 | +1.3% | |
| HSY Hershey Company (The) | 8 | +10.7% | |
| KDP Keurig Dr Pepper | 6 | +9.4% | |
| KHC Kraft Heinz | 4 | +0.8% | |
| KMB Kimberly-Clark | 5 | -14.0% | |
| KO The Coca-Cola Company | 9 | +12.1% | |
| KR Kroger | 6 | +1.2% | |
| KVUE Kenvue | 7 | +4.5% | |
| MDLZ Mondelez International | 8 | +8.2% | |
| MKC McCormick & Company | 6 | +16.7% | |
| MNST Monster Beverage | 8 | +26.9% | |
| MO Altria | 6 | +3.2% | |
| PEP PepsiCo | 8 | +8.5% | |
| PG The Procter & Gamble Company | 5 | +7.4% | |
| PM Philip Morris International | 7 | +9.1% | |
| SJM J.M. Smucker Company (The) | 5 | +7.0% | |
| STZ Constellation Brands | 3 | -11.3% | |
| TAP Molson Coors Beverage Company | 6 | +2.0% | |
| TGT Target Corporation | 5 | -1.5% | |
| TSN Tyson Foods | 7 | +4.4% | |
| WMT Walmart Inc. | 6 | +5.6% |