Sysco SEC Filings

SYSCO CORP director John M. Hinshaw made an open-market purchase of common stock. On May 26, 2026, he bought 13,304 shares at a weighted average price of $75.168 per share, in multiple trades between $75.10 and $75.475. Following this transaction, he directly owns 40,200.268 shares of Sysco common stock.

Sysco Corporation presented details on its pending acquisition of Jetro Restaurant Depot, outlining projected financial benefits, expected cost synergies, and management plans for integration. The presentation cites pro forma metrics (revenue, adjusted EBITDA, free cash flow), estimated synergies, planned new locations, and regulatory filing steps.

The company states it will cause New Slider Holdco, Inc. to file a registration statement on Form S-4 containing a prospectus and urges investors to read those materials when filed. The presentation includes non-GAAP measures and reconciliation references in the appendix.

Sysco Corporation furnished an investor presentation outlining its planned acquisition of JRD Unico, Inc. and Warehouse Realty, LLC, which operate Restaurant Depot. The materials describe Restaurant Depot as a leading U.S. cash-and-carry wholesaler with about $16 billion of 2025 revenue, roughly $2.1 billion of 2025 adjusted EBITDA and a 13% margin. Sysco highlights Restaurant Depot’s 90%+ free cash flow conversion and a track record of revenue growth in 28 of the last 30 years. For Sysco, trailing 52‑week sales were $82.646 billion, adjusted EBITDA $4.326 billion and free cash flow $3.603 billion, with net debt of $12.108 billion and a net debt to adjusted EBITDA ratio of 2.80x as of March 28, 2026. The combined company framework includes targeted $250 million of annualized net cost synergies, more than $2 billion of additional longer‑term annual free cash flow by year four, 125+ new Restaurant Depot locations over at least two decades in the U.S., and year‑one and year‑two adjusted EPS accretion. Sysco also communicates a deleveraging plan, aiming to reduce net leverage by about 1.0x within 24 months after closing and return to a 2.75x net debt to adjusted EBITDA target while prioritizing share repurchases, dividends and disciplined M&A.

SYSCO CORP senior vice president Stephen Dale Higgs reported routine equity compensation activity involving restricted share units (RSUs). On May 1, 2026, he acquired 220 shares of Common Stock through an exercise or conversion of derivative securities related to RSUs granted in April 2023 under the 2018 Omnibus Incentive Plan. On the same date, 87 shares were disposed of and withheld to cover tax withholding obligations upon RSU vesting, rather than being sold in the open market. After these transactions, he held 8,154.805 shares of SYSCO common stock directly.

Sysco Corp ownership filing shows Vanguard Capital Management reported beneficial ownership of 36,009,782 shares of Common Stock, equal to 7.51% of the class as of 03/31/2026. The filing states Vanguard has sole dispositive power over 36,009,782 shares and sole voting power for 4,898,475 shares. The filing is signed on 04/30/2026.

Vanguard Portfolio Management reported beneficial ownership of 26,859,562 shares of Sysco Corp common stock, representing 5.60% of the class as of 03/31/2026. The filing states Vanguard has 94,329 shares of sole voting power and 26,859,562 shares of sole dispositive power. The filing attributes ownership to Vanguard Portfolio Management LLC and specified affiliates.

Sysco Corporation discussed quarterly results and its proposed acquisition of Jetro Restaurant Depot in an April 28, 2026 interview with CEO Kevin Hourican. Sysco reported adjusted EPS of $0.94, said local restaurant volumes were up 3.3%, and reaffirmed full-year adjusted EPS guidance of $4.50–$4.60, indicating management expects to deliver near the high end. Management described the $29 billion acquisition as a complementary channel (like “Costco for restaurants”), highlighted that the deal is projected to be day-one accretive and year-two mid-teens accretive, and presented pro forma scale metrics including 20% more revenue, 45% more EBITDA, and 55% more free cash flow. CEO Hourican acknowledged investor concerns about leverage after citing roughly $20–$21 billion of debt related comments and detailed confidence in regulatory clearance based on distinct channel economics. The communication includes customary forward-looking statement disclosures and references forthcoming SEC filings related to the transaction.

Sysco Corporation delivered modest top-line growth but lower profit in its fiscal Q3 2026 while announcing a transformative acquisition. Quarterly sales rose to $20.5 billion, up 4.7% from a year earlier, driven by higher case volumes across U.S. and international foodservice operations. Gross profit grew 6.5%, but operating income fell 9.1% to $619 million as incentive compensation, restructuring, transformation projects, and acquisition-related costs increased. Net earnings declined 15.2% to $340 million, with diluted EPS down to $0.71. For the first 39 weeks, sales reached $62.4 billion, up 3.6%, while operating income slipped to $2.1 billion and net earnings to $1.2 billion.

Cash generation remained solid: Sysco produced $1.46 billion in operating cash flow over 39 weeks, boosting cash, cash equivalents and restricted cash to $2.06 billion and total assets to $28.0 billion. Total debt rose to $14.0 billion, and interest expense for the period increased 9.2% to $512 million. The company continued returning capital via dividends of $0.54 per share in the quarter and share repurchases of $200 million year-to-date, while basic shares outstanding declined to about 479 million.

Sysco also detailed a planned acquisition of Jetro Restaurant Depot for approximately $29.1 billion, including $21.6 billion in cash and 91.5 million Sysco shares, after which JRD holders are expected to own about 16% of Sysco. The cash portion is backed by a $19 billion bridge loan commitment and a new $3 billion delayed draw term loan facility, alongside future permanent financing. A new revolving credit facility will expand to $4.0–5.0 billion post-closing. The deal is targeted to close by Q3 fiscal 2027, subject to regulatory approval; failure to obtain clearance would trigger a $1.164 billion termination fee.

Sysco announced details on its pending acquisition of Jetro Restaurant Depot, targeting $250 million of net cost synergies and planning to open 125 net new Restaurant Depot locations over time (about five to six net new stores per year for 25 years). Management expects the deal to be immediately accretive, in the top quartile for year‑one and year‑two earnings accretion, and to close by approximately Q3 of fiscal 2027. Restaurant Depot reported ~4% volume growth in its most recently completed calendar quarter and operating margins “in‑line with expectations.” Sysco says the transaction will increase its local revenue by 1.5x, enable cross‑selling and spur omni‑channel initiatives (click‑and‑collect, same‑day delivery), while noting integration and regulatory risks and committing to run Restaurant Depot as a standalone segment under its current leadership.