Nov 3, 8:10 AM ET
Sysco Corporation reported its first quarter fiscal 2027 financial results for the period ended September 26, 2026, showing a 2.8% increase in total sales to $21.7 billion and a 10.5% rise in net earnings to $526 million. The company also announced the permanent appointment of Brandon E. Sewell as Executive Vice President and Chief Financial Officer, effective November 1, 2026. For shareholders, the results demonstrate continued volume growth despite inflation pressures, alongside reaffirmed full-year adjusted EPS growth guidance of 9% to 11%.
- Sales increased 2.8% to $21.7 billion, and gross profit increased 3.8% to $4.1 billion for the first quarter of fiscal 2027 ended September 26, 2026.
- Net earnings rose 10.5% to $526 million, and diluted earnings per share grew 10.1% to $1.09.
- Brandon E. Sewell was appointed permanent CFO on November 1, 2026, with an annual base salary of $775,000.
- Sysco reaffirmed its full-year fiscal 2027 adjusted EPS growth guidance of 9% to 11%.
Read the filing on SEC.gov ↗
Oct 6, 4:43 PM ET
On October 6, 2026, Sysco Corporation and Sysco Holdings Corporation issued $10.75 billion of USD senior notes, $3.9 billion of USD junior subordinated notes and €1.0 billion of euro junior subordinated notes. The issuers plan to use the net proceeds to pay part of the cash consideration for the pending acquisition of JRD Unico, Inc. and Warehouse Realty, LLC, or, if that acquisition is not completed, to fund a special mandatory redemption of the notes other than the 2036 senior notes. The filing adds a large amount of new debt, with maturities running from 2029 to 2066.
- USD senior notes totaling $10.75 billion across seven series maturing 2029 to 2066, with coupons from 5.450% to 6.600%
- USD junior subordinated notes totaling $3.9 billion in three series due October 6, 2056, with coupons from 7.100% to 7.350%
- Euro junior subordinated notes of €1.0 billion at 6.000%, due 2056
- Proceeds are earmarked for the pending acquisition of JRD Unico, Inc. and Warehouse Realty, LLC
Read the filing on SEC.gov ↗
Sep 25, 4:12 PM ET
Sysco Corporation and Sysco Holdings Corporation issued and sold C$750 million of 4.250% notes due 2030 and C$750 million of 4.800% notes due 2034 on September 25, 2026, with net proceeds of approximately C$1.49 billion. The company intends to use the proceeds to pay part of the cash consideration for its pending acquisitions of JRD Unico, Inc. and Warehouse Realty, LLC, or to fund a Special Mandatory Redemption if the acquisition is not completed.
- Two tranches of C$750 million each: 4.250% Senior Notes due October 3, 2030 and 4.800% Senior Notes due October 3, 2034
- Net proceeds of approximately C$1.49 billion after underwriters' discounts and estimated offering expenses
- Proceeds intended for part of the cash consideration for the pending acquisitions of JRD Unico, Inc. and Warehouse Realty, LLC
- Sysco Holdings Corporation guarantees Sysco Corporation's existing senior notes under a Fiftieth Supplemental Indenture dated September 25, 2026
Read the filing on SEC.gov ↗
Sep 4, 4:05 PM ET
Sysco signed a First Amendment to its revolving credit agreement creating a $750 million senior unsecured delayed draw term loan from CoBank, ACB, with proceeds to help pay cash consideration for its proposed JRD Unico and Warehouse Realty acquisition. The filing also sets one-time performance share unit and cash awards for executives tied to the closing of that acquisition, which is expected by the third quarter of 2027.
- Term loan consists of a $375 million six-year tranche and a $375 million eight-year tranche, drawable over one year after the amendment's effective date
- Loans will fund part of the cash consideration for the JRD Acquisition and related fees and expenses
- CEO Kevin P. Hourican receives PSUs valued at $2 million and Interim CFO Brandon E. Sewell receives PSUs valued at $1 million, contingent on the JRD closing
- Chief Human Resources Officer Ronald L. Phillips receives a $700,000 cash award, with 50% vesting September 4, 2026 and 50% on JRD closing
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
