Sysco FY26: revenue +3.9% to $84.6B, net income -3.9% to $1.76B; Jetro acquisition pending

Filed August 21, 2026 · Period ending June 27, 2026 · Compared to 10-K Aug 22, 2025 · ~2 min read

Key Changes

• high

  $29.1B Jetro Restaurant Depot acquisition announced (167 stores, 725K customers), financed with $21.6B cash + 91.5M shares; JRD holders to own ~16% of combined entity.

  Business: Jetro acquisition verify on EDGAR →
• high

  JRD financing added $30M interest expense in FY26 (bridge facility amortization) and $54M Q4 loss on rate locks; FY27 guidance includes $96M additional bridge interest. Total interest expense rose $82M YoY.

  MD&A: JRD financing costs verify on EDGAR →
• high

  Net income fell 3.9% to $1.76B (diluted EPS -1.9% to $3.66) while operating income held flat at $3.1B, as below-the-line costs (interest, rate-lock loss) offset operating gains. Adjusted EPS +3.4% to $4.61.

  MD&A: Earnings quality verify on EDGAR →