Sysco Files Jetro's Audited Financials and Pro Forma Combined Statements for $29B Acquisition
SYY sits 19% above its 52-week low of $68.19.
Summary
Sysco filed Jetro Restaurant Depot's audited financials and pro forma combined statements for the $29B acquisition, revealing pro forma EPS of $2.83 and a $28.996B purchase price.
Key Events · M&A and Partnerships · SYY
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Jetro Audited Financials Filed
Exhibit 99.1 contains Jetro's audited combined financial statements for FY2025 (sales $15.8B, net income $1.2B) and FY2024 (sales $15.3B, net income $1.17B).
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Q2 FY2026 Results Disclosed
Exhibit 99.2 shows Jetro's Q2 FY2026 sales of $4.28B (up 3.7% YoY) and net income of $355.6M (up 20.6% YoY); 26-week sales of $8.06B and net income of $708.7M.
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Pro Forma Combined Financials
Exhibit 99.3 shows pro forma combined sales of $100.6B, net earnings of $1.65B, and diluted EPS of $2.83 for the year ended June 27, 2026, with $18.7B goodwill and $10B intangibles.
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Purchase Price and Financing Detail
Estimated purchase price of $28.996B: $21.6B cash plus 91.5M shares of Sysco Holdings stock valued at $7.5B; financing includes $18.25B bridge facility, $3B term loan, and $750M CoBank delayed-draw term loan.
Analysis · SYY · Trade & Services
Sysco filed the audited combined financial statements of Jetro Restaurant Depot for FY2025 and FY2024, along with unaudited Q2 FY2026 results and pro forma condensed combined financial statements. This is the first time investors can see Jetro's full audited financials and the pro forma impact of the $29 billion acquisition on Sysco's balance sheet and earnings. The pro forma statements show the combined company would have generated $100.6 billion in sales and $1.65 billion in net earnings for the year ended June 27, 2026, with pro forma diluted EPS of $2.83. The filing also reveals the estimated purchase price of $28.996 billion, including $21.6 billion in cash and 91.5 million shares of Sysco Holdings common stock, and details the financing structure including $18.25 billion in bridge facility commitments and a $750 million CoBank term loan. This is a critical step toward completing the acquisition, expected to close in the first calendar quarter of 2027.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 29.2% of the 1496 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.63%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SYY was trading at $80.99 on NYSE in the Trade & Services sector, with a market capitalization of approximately $40B. The 52-week trading range was $68.19 to $91.85. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.