Sysco Corporation (NYSE:SYY) today announced financial results for its 13-week third fiscal quarter ended March 28.
Key financial results for the third quarter of fiscal year 2026 include the following (comparisons are to the same period in fiscal year 2025):
• Sales increased 4.7%; U.S. Foodservice volume increased 2.3%, U.S. local volumes increased 3.3%;
• Gross profit increased 6.5% to $3.8 billion;
• Operating income decreased 9.1% to $619 million, and adjusted operating income decreased 0.6% to $768 million;
• Net earnings decreased 15.2% to $340 million, and adjusted net earnings decreased 3.6% to $452 million;
• Cash flow from operations increased 11% to $1.5 billion and free cash flow increased 19% to $1.1 billion on a year-to-date basis;
• EBITDA decreased 5.1% to $864 million3, and adjusted EBITDA increased 0.1% to $970 million; and
• EPS decreased 13.4% to $0.71, and adjusted EPS decreased 2.1% to $0.94, inclusive of higher incentive compensation costs of $63 million, as previously disclosed, representing a $0.10 impact to EPS.
“Sysco delivered strong results in the third quarter of fiscal 2026, driven by continued acceleration in local case volume and expanded gross margins,” said Kevin Hourican, Sysco’s Chair of the Board and Chief Executive Officer.
“Importantly, our U.S. local volumes grew 3.3%, the highest quarterly rate in over three years. This exceeded our prior commitment, and we remain confident in delivering over 2.5% U.S. local growth in Q4, which would put us on pace to accelerate on a two-year stack basis. Our USFS segment returned to operating profit growth for the quarter.”
SYY shares dipped $1.89, or 2.6%, to $73.38.
