Every material Form 8-K Sysco has filed with the SEC since October 28, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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%.
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
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
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
Sysco's Board increased its size from 11 to 13 directors on August 14, 2026, electing Jason Murray and Tom Ondrof to fill the new seats effective September 1, 2026. The 8-K says the Board found both independent and that the company renamed its Technology Committee to the Artificial Intelligence Transformation and Technology Committee, with the board focused on overseeing its AI initiatives. The filing reiterates fiscal 2027 guidance announced August 4, 2026, but adds no new financial results.
Board size rises from 11 to 13 directors; Murray and Ondrof take effect September 1, 2026
Jason Murray, co-founder and CEO of Shipium Corp., spent 19 years at Amazon; he joins the AI Transformation and Technology Committee
Tom Ondrof, former EVP and CFO of Aramark, joins the Audit Committee
Fiscal 2027 guidance, announced August 4, 2026, calls for 6% to 7% revenue growth and 9% to 11% adjusted EPS growth on a 53-week basis
Sysco reported fourth-quarter fiscal 2026 sales up 4.7% to $22.1 billion and diluted EPS up 4.5% to $1.15, while full-year diluted EPS fell 1.9% to $3.66. The company introduced fiscal 2027 guidance of 6%-7% sales growth and 9%-11% adjusted EPS growth on a 53-week basis, which gives shareholders a forward profit outlook.
Q4 fiscal 2026 sales rose 4.7% to $22.1 billion; adjusted EPS rose 3.4% to $1.53
Full-year fiscal 2026 net earnings fell 3.9% to $1.8 billion; diluted EPS fell 1.9% to $3.66
FY27 guidance: 6%-7% sales growth and 9%-11% adjusted EPS growth on a 53-week basis
Sysco returned $1.2 billion to shareholders in fiscal 2026, including $1.0 billion in dividends
Sysco reported fiscal third-quarter 2026 results for the 13 weeks ended March 28, 2026, with sales up 4.7% but GAAP net earnings and diluted EPS both down. Adjusted EPS fell 2.1% to $0.94, and management said it expects full-year adjusted EPS at the high end of its $4.50 to $4.60 guidance range, which is pending Jetro Restaurant Depot acquisition remains subject to regulatory review.
Sales rose 4.7% to $20.5 billion; U.S. Foodservice local case volume rose 3.3%
GAAP net earnings fell 15.2% to $340 million; diluted EPS fell 13.4% to $0.71
Adjusted EPS fell 2.1% to $0.94; full-year adjusted EPS expected at the high end of $4.50 to $4.60
Year-to-date free cash flow rose 19% to $1.1 billion; $978 million returned to shareholders in first 39 weeks
Sysco signed a new $3.0 billion revolving credit facility and a new $3.0 billion term loan, both with Bank of America as administrative agent, replacing its existing $3.0 billion revolver. The term loan will help fund the previously announced acquisition of Jetro Restaurant Depot, and the revolver's commitments rise to $4.0 billion once that acquisition closes, which adds borrowing capacity and new debt obligations for shareholders to weigh.
New $3.0 billion revolving credit facility dated April 16, 2026, maturing April 16, 2031, with a option to increase to $5.0 billion; commitments rise to $4.0 billion at the Jetro Restaurant Depot closing
New $3.0 billion term loan: $1.25 billion Tranche A maturing 364 days after closing and $1.75 billion Tranche B maturing two years after closing
Term loan proceeds will partly fund the Jetro Restaurant Depot merger and refinance JRD's indebtedness; revolver proceeds are for general corporate purposes
Sysco said its Executive Vice President and Chief Information and Digital Officer, Tom Peck, resigned, effective April 10, 2026, to take a role in a different industry. The filing states there were no disagreements with the company on its operations, policies, or practices.
Tom Peck gave notice of resignation on March 27, 2026, effective April 10, 2026.
Peck is leaving to accept another opportunity in a different industry.
The filing states there were no disagreements between Sysco and Peck on operations, policies, or practices.
On March 30, 2026, Sysco agreed to acquire JRD Unico and Warehouse Realty, which operate as Jetro Restaurant Depot, for $21.6 billion in cash plus 91.5 million shares of a new holding company, HoldCo, which would replace Sysco as the public parent. The deal requires conditions such as expiration of the Hart-Scott-Rodino waiting period and can be terminated if not completed by September 30, 2027, and Sysco has a $22 billion bridge loan commitment to help fund the cash portion.
Cash consideration of $21.6 billion, subject to customary adjustments, plus 91.5 million HoldCo shares
Jetro Restaurant Depot equityholders expected to hold about 16% of HoldCo common stock
Sysco would pay a $1.164 billion termination fee in certain cases if the deal fails on antitrust approval
Financing plan: $21 billion of new debt and hybrid debt plus $1 billion of cash, equity or equity-linked securities, backed by a $22 billion bridge loan commitment
Sysco agreed to acquire Jetro Restaurant Depot in a deal with a total enterprise value of approximately $29.1 billion, paid with $21.6 billion in cash and 91.5 million Sysco shares. To fund the cash portion, Sysco plans $21 billion of new debt and hybrid debt and $1 billion from cash on hand, equity or equity-linked securities, and it has paused its share repurchase program to reduce leverage. Sysco also reaffirmed its fiscal 2026 guidance, which matters to shareholders because the deal adds significant debt and dilution while the company keeps its outlook unchanged.
Total enterprise value is approximately $29.1 billion, or 14.6x Jetro Restaurant Depot's operating income, based on calendar 2025 figures.
Sysco will issue about 19.1% of its outstanding shares to Jetro Restaurant Depot shareholders, who are expected to own about 16% of the combined common stock.
Sysco plans to reduce net leverage by at least 1.0x within 24 months after closing and expects the deal to close by the third quarter of fiscal 2027.
Sysco reaffirmed fiscal 2026 sales growth of 3% to 5% and adjusted EPS at the high end of $4.50 to $4.60, and expects to release third quarter results on April 28, 2026.
Sysco Corporation said Chief Financial Officer Kenny Cheung will resign to join a Fortune 10 company in a different industry, and that Senior Vice President and U.S. Foodservice CFO Brandon Sewell will serve as interim CFO effective March 6, 2026. The company also reaffirmed its fiscal 2026 guidance, which calls for adjusted EPS at the high end of $4.50 to $4.60 and sales growth of 3%-5%, and said there were no disagreements with Cheung on accounting or disclosure matters.
Kenny Cheung resigned as EVP and CFO; he remains an advisor until April 17, 2026
Brandon Sewell appointed interim CFO effective March 6, 2026, with a $420,000 annual base salary
Sewell's target annual cash incentive for fiscal 2026 is 100% of base salary, pro-rated from March 1, 2026
Fiscal 2026 adjusted EPS guidance reaffirmed at the high end of $4.50 to $4.60; sales growth of 3%-5%
Sysco issued $600 million of 4.400% senior notes due 2031 and $650 million of 4.950% senior notes due 2036 on February 13, 2026. Net proceeds were approximately $1.24 billion, which the company intends to use for general corporate purposes, including repaying commercial paper borrowings. The filing adds to Sysco's debt obligations, but it does not report earnings or guidance changes.
2031 Notes: $600 million at 4.400%, maturing July 25, 2031
2036 Notes: $650 million at 4.950%, maturing March 25, 2036
Net proceeds of approximately $1.24 billion after underwriting discounts and offering expenses
Change of control repurchase offer at 101% of principal if a change of control and a below investment grade ratings event both occur
Sysco reported fiscal second-quarter 2026 results for the 13 weeks ended December 27, 2025. Sales rose 3.0% to $20.8 billion, but GAAP operating income fell 2.8% to $692 million and GAAP net earnings fell 4.2% to $389 million, while adjusted diluted EPS rose 6.5% to $0.99. Management now expects full-year adjusted EPS at the high end of its previously provided $4.50-$4.60 range, a guidance change shareholders will weigh against the lower GAAP profit.
Sales rose 3.0% to $20.8 billion; U.S. Foodservice local case volume rose 1.2%.
GAAP diluted EPS fell 1.2% to $0.81; adjusted diluted EPS rose 6.5% to $0.99.
Full-year adjusted EPS now expected at the high end of the prior $4.50-$4.60 range, per CEO Kevin Hourican and CFO Kenny Cheung.
Cash balance was $1.2 billion at quarter end; dividends paid were $518 million in the first 26 weeks.
Sysco's Executive Vice President and Global Chief Operating Officer, Greg D. Bertrand, will transition to a non-executive senior advisor position effective January 1, 2026, in preparation for his retirement. He will retire when his advisor agreement expires, which runs at least nine months and is tied to a September 30, 2026 end date in certain cases. The filing discloses his advisor compensation, which matters to shareholders because it reflects the cost of a senior operating executive's succession.
Bertrand notified Sysco of the transition on November 17, 2025; it takes effect January 1, 2026.
Advisor agreement runs at least nine months and provides a $443,500 annual base salary and a one-time $250,000 cash award.
Bertrand will not be eligible for bonus programs or new long-term equity awards, except a pro-rated Annual Incentive Plan cash bonus for the first half of fiscal 2026.
If Sysco ends the role before September 30, 2026 for reasons other than cause, Bertrand remains employed and paid through that date.
Sysco reported first quarter fiscal 2026 results for the 13 weeks ended September 27, 2025, with sales up 3.2% to $21.1 billion while GAAP net earnings fell 2.9% to $476 million. Adjusted diluted EPS rose 5.5% to $1.15, and the company reiterated its full-year fiscal 2026 guidance of 3%-5% sales growth and 1%-3% adjusted EPS growth.
Sales rose 3.2% to $21.1 billion; U.S. Foodservice case volume rose 0.1%
GAAP operating income fell 1.0% to $800 million; GAAP diluted EPS was flat at $0.99
Adjusted diluted EPS rose 5.5% to $1.15, excluding restructuring, transformation and acquisition-related costs
Full-year fiscal 2026 guidance reiterated: sales growth of 3%-5% and adjusted EPS growth of 1%-3%
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