Sysco reports Q1 growth, maintains FY27 outlook and appoints permanent CFO
Filed with the SEC on · Summarized by InvestorsBot
Sysco reported first-quarter fiscal 2027 sales of $21.7 billion, up 2.8% year over year, with adjusted EPS rising 3.5% to $1.19 and U.S. local volume increasing 2.7%; GAAP operating income fell 10.4% to $717 million, partly due to Jetro Restaurant Depot acquisition-related costs. The company reaffirmed fiscal 2027 adjusted EPS growth guidance of 9%-11% and local volume growth of approximately 2.5%, while expecting full-year sales growth at the lower end of its 6%-7% range; Brandon Sewell, interim CFO since March 2026, became CFO effective November 1, 2026.