Sysco (SYY) Q3 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Tue, April 28, 2026 astatine 12:24 PM CDT 53 min read

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Date

Tuesday, April 28, 2026 astatine 10 a.m. ET

Call participants

• President and Chief Executive Officer — Kevin M. Hourican

• Interim Chief Financial Officer — Brandon Sewell

• Vice President of Investor Relations — Kevin Kim

Full Conference Call Transcript

Kevin Hourican: Good morning, everyone, and convey you for joining america today. I'm pleased to study that Sysco delivered beardown results successful the 3rd 4th of fiscal 2026. Our results were enabled by improving lawsuit measurement trends, strengthening gross borderline show and disciplined operational execution. We delivered our advancement betterment successful a continued choppy macro environment. Given our affirmative momentum, we stay assured successful our expectations for afloat twelvemonth adjusted EPS to beryllium astatine the precocious extremity of our yearly guidance scope of $4.50 to $4.60. Most notably, we delivered 3.3% section measurement maturation successful our U.S. business, a 210 ground constituent betterment versus the anterior 4th and our strongest 4th section measurement maturation successful 3 years.

We person wide momentum successful our section business, and we person assurance that we volition proceed to station beardown section results successful Q4 and into fiscal 2027. While our superior absorption for today's telephone volition beryllium the underlying spot of our halfway business, we volition besides sermon the strategical rationale surrounding our introduction into the cash-and-carry abstraction with our precocious announced planned acquisition of Jetro Restaurant Depot. After my remarks, Brandon volition item our fiscal outcomes and stock his thoughts connected the fiscal merits of the Jetro Restaurant Depot transaction. Before I begin, I would similar to formally present our Interim Chief Financial Officer, Brandon Sewell.

Although Brandon whitethorn beryllium a caller sanction to galore listening to the telephone today, helium has been an important elder person wrong Sysco for the past 12 years. Most recently, Brandon served arsenic CFO of Sysco's largest segment, our U.S. Foodservice business. Prior to the U.S. CFO role, Brandon held respective elder enactment roles crossed the enactment spanning planetary fiscal readying and analysis, merchandising and proviso chain. He volition enactment intimately with our enforcement enactment squad to guarantee continuity and disciplined execution of Sysco's fiscal strategy arsenic we behaviour a afloat hunt for a imperishable CFO crossed interior and outer channels.

As I've shared with galore of you implicit the caller weeks, Brandon is simply a precise beardown campaigner for the imperishable role. In the meantime, we are thankful and appreciative to person his expertise and enactment arsenic a steadying manus and adept successful our business. Brandon, convey you for your leadership. Let's leap into our concern results, starting connected Slide #4. From a apical enactment perspective, Sysco delivered astir $21 cardinal of full revenue, a maturation complaint of 4.7% versus the anterior year. These gross results bespeak affirmative and accelerating lawsuit maturation crossed our local, specialty, nationalist and planetary concern units.