Sysco Lifts Mid-Term Growth Targets and Launches $500M AI Efficiency Drive
SYY sits 18% above its 52-week low of $68.19.
Summary
Sysco raised its mid-term financial targets and announced a $500 million AI-powered efficiency program, while reaffirming fiscal 2027 guidance ahead of its Barclays conference presentation.
Key Events · Earnings and Guidance · SYY
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Mid-Term Growth Targets Raised
Fiscal 2028-2029 adjusted EPS growth target raised to 9%-11% (from 6%-8%) and net sales growth to 4%-7% (from 4%-6%).
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$500M AI Efficiency Program
New multi-year AI-powered efficiency program targeting at least $500 million in savings by fiscal 2029, building on the $100 million in-year savings already included in fiscal 2027 guidance.
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Fiscal 2027 Guidance Reaffirmed
Reaffirmed fiscal 2027 guidance: net sales growth of 6%-7% to approximately $90 billion and adjusted EPS of $5.02-$5.12, representing 9%-11% growth.
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Jetro Acquisition Timeline
CEO Kevin Hourican stated the company expects to close the Jetro Restaurant Depot transaction by the third quarter of fiscal 2027 and to delever quickly following the close.
Analysis · SYY · Trade & Services
Sysco is raising its fiscal 2028-2029 growth algorithm — adjusted EPS growth now targeted at 9%-11%, up from 6%-8% — and introducing a $500 million AI-powered efficiency program to be realized by fiscal 2029. The company also reaffirmed fiscal 2027 guidance of $5.02-$5.12 adjusted EPS on approximately $90 billion in sales. This is a meaningful upward revision to the company's long-term earnings trajectory, backed by a concrete cost-out program that management says will help accelerate deleveraging after the Jetro Restaurant Depot acquisition closes.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 30.2% of the 2009 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.11%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, SYY was trading at $80.34 on NYSE in the Trade & Services sector, with a market capitalization of approximately $38.3B. The 52-week trading range was $68.19 to $91.85. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.