SYSCO CORP (SYY) Form 10-K — Aug 20, 2026

$SYYForm 10-KFiled Aug 20, 2026, 6:47 PM ET0000096021-26-000033Original filing

Sysco filed its fiscal 2026 10-K reporting record annual sales of $84.6 billion, up 3.9%, but net earnings fell 3.9% to $1.8 billion and basic EPS slipped 1.9% to $3.67. The filing details Sysco's pending acquisition of Jetro Restaurant Depot for approximately $29.1 billion — $21.6 billion in cash plus 91.5 million Sysco Holdings shares — expected to close by Q3 of fiscal 2027, with JRD equity holders owning about 16% of the combined company.

Key figures

Eps: $3.67 basic (down 1.9% from $3.74)
Revenue: $84.6 billion
Net Income: $1.8 billion (down 3.9%)
Total Debt: $13.5 billion
Revenue Yoy: 3.9%
Deal Value Usd: $29.1 billion
Shares Outstanding: 479096016
Employees: ~75,000
Jrd stores: 167 warehouse stores across 35 states serving 725,000+ operators
Capex fy2026: $700 million gross / $524 million net
Bridge facility: $19 billion (reduced from $22 billion)
Buybacks fy2026: $200 million (2,230,415 shares)
Termination fee: $1.164 billion
Operating income: $3.1 billion (+0.2%)
Dividend per share: $0.55 quarterly (+$0.01 increase, paid July 2026)
Term loan facility: $3 billion
Gross profit growth: 4.5%
Merger cash portion: $21.6 billion
Pro forma ownership: Sysco holders ~84% / JRD holders ~16%
Adjusted net earnings: $2.2 billion (+1.4%)
Capex fy2027 expected: ~$720 million
Distribution facilities: 333
Adjusted operating income: $3.6 billion (+2.6%)
Merger stock consideration: 91.5 million Sysco Holdings shares
New debt financing planned: $21 billion debt and hybrid debt plus $1 billion cash/equity
Market value non affiliates: $35,217,557,254 (as of December 26, 2025)
Debt maturing within 12 months: $792 million
Remaining buyback authorization: ~$1.3 billion
Estimated pension withdrawal liability: up to $66 million
Multiemployer pension contributions fy2026: ~$68 million

Price after filing

1 day: +1.3%7 days: -0.7%30 days: -4.8%

Close on the filing date to close N calendar days later (from $83.06). Historical, not a forecast.

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