Sysco (SYY) FY2026 results: revenue $84.6 billion, up 3.9% on the year

Sysco sells, markets and distributes food and related products to customers who prepare meals away from home: restaurants, hospitals and skilled nursing facilities, schools and colleges, hotels and motels, industrial caterers and entertainment venues. It was founded in 1969 and became a public company in March 1970, when the stockholders of nine companies exchanged their stock for Sysco shares. It is organised under Delaware law and based in Houston, Texas. The fiscal year ends on the Saturday nearest 30 June, giving a 52-week year ended 27 June 2026. Operations are mainly in North America and Europe and are combined into three reportable segments with an Other category.

The segments

U.S. Foodservice Operations holds the broadline business, which distributes a full line of food including custom-cut meat, seafood, produce, specialty Italian and specialty imports along with non-food products, and the specialty operations: FreshPoint in fresh produce, Buckhead and Newport Meat & Seafood in specialty protein, an Italian specialty platform anchored by Greco & Sons, the Edward Don restaurant equipment and supplies business and an Asian specialty distributor. International Foodservice Operations covers everything outside the United States, mainly Canada, the Bahamas, Costa Rica and Panama in the Americas plus export operations, and the United Kingdom, France, Ireland and Sweden in Europe. SYGMA is the customised distribution business serving quick-service chain restaurant locations in the United States. Other is mainly the Guest Worldwide hotel supply business.

What it carries

Frozen foods including meats, seafood, prepared entrées, fruit, vegetables and desserts; canned and dry goods; fresh meat and seafood; dairy; beverages; imported specialties; and fresh produce. Non-food lines run to paper products, tableware, cookware, restaurant and kitchen equipment and cleaning supplies. By share of sales in fiscal 2026, fresh and frozen meats were 20%, canned and dry products 18%, frozen fruit, vegetables and bakery 15%, dairy 10%, poultry 9%, fresh produce 8%, paper and disposables 7%, beverages 4%, seafood 4% and equipment and smallwares 2%. Distribution centres, which the company calls operating sites, carry both branded merchandise and products packaged under Sysco's private brands, made to specifications set by its own quality assurance team, which also certifies the plants that pack them.

How it competes and buys

The company puts the weight on prompt and accurate delivery, competitive pricing, customer service and the breadth of the range. Operating sites deliver daily to certain customers and can handle special orders at short notice, and sales representatives add product usage reports, menu-planning advice, food safety training and inventory control help, plus access to third-party services. Buying is from thousands of domestic and international suppliers, none of them more than 10% of purchases in fiscal 2026, through both centrally developed programmes and direct programmes run by individual operating sites. For U.S. Foodservice Operations, which is approximately 70% of total sales, approximately 90% of products are bought domestically.

The Jetro Restaurant Depot merger

On 30 March 2026 the company agreed to acquire JRD Unico, Inc. and Warehouse Realty LLC, together Jetro Restaurant Depot, a United States wholesale cash-and-carry foodservice provider serving smaller independent restaurants and businesses from 167 large-format warehouse stores across 35 states, reaching more than 725,000 independent restaurants and foodservice operators. Sysco agreed to pay approximately $29.1 billion to JRD equity holders, made up of $21.6 billion in cash subject to adjustments and 91.5 million shares. Both sets of holders would end up owning Sysco Holdings Corporation, expected to list on the NYSE, with JRD holders at approximately 16% and existing Sysco stockholders at approximately 84%. The filing states the transactions are expected to close by the third quarter of fiscal 2027, subject to closing conditions including clearance under the Hart-Scott-Rodino Act.

People

The company employed approximately 75,000 people at 27 June 2026, 52,000 in the United States and 23,000 outside it, unchanged in total on the prior year. Approximately 99% of United States colleagues are full-time, meaning 30 or more hours a week. Approximately 14% of employees are represented by unions, chiefly the International Brotherhood of Teamsters and unions in France and Sweden.

From Sysco's annual report on Form 10-K for the year ended 27 June 2026. The filing

Written from the 10-K filed 21 August 2026: read the full 10-K.