Sysco files financials for planned $21.6 billion Jetro Restaurant Depot acquisition

Sysco filed audited, interim and pro forma financial statements related to its March 30 agreement to acquire JRD Unico and Warehouse Realty, which operate Jetro and Restaurant Depot; the deal includes $21.6 billion in cash and 91.5 million Sysco Holdings shares, with closing expected by the first calendar quarter of 2027 subject to regulatory approvals. Jetro Restaurant Depot reported $15.8 billion in fiscal 2025 sales and $1.2 billion in net income, while pro forma 2026 results show combined sales of $100.6 billion and net earnings of $1.65 billion; the transaction is preliminarily expected to be funded with about $21 billion of new debt and hybrid financing and $1 billion of equity.