Sysco Corporation
- Open
- 82.10
- Day high
- 82.40
- Day low
- 81.38
- Prev close
- 81.76
- Volume
- 105K
- Mkt cap
- $39.0B
- P/E (TTM)
- 22.2
- EPS (TTM)
- $3.67
- P/B
- 14.6
- P/S
- 0.5
- Yield
- 1.34%
- Per share
- $1.09
- ▼Insiders net selling -$1.2M over the last 3 months (0 open-market buys, 4 sales)
- 🏛Institutions mixed (13F)
Sysco Corporation (SYY) is a Consumer Defensive company listed on NYSE. The stock is up 2% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 4 sales (SEC Form 4). Drillr has 1 published research article covering SYY.
Sysco Corporation (SYY) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 4 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
SYY earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 4, 2026 | $1.51 | $1.53 | +1.3% | $22.1B | +0.8% |
| Apr 28, 2026 | $0.94 | $0.94 | -0.5% | $20.5B | -0.2% |
| Jan 27, 2026 | $0.98 | $0.99 | +1.4% | $20.8B | +0.0% |
| Oct 28, 2025 | $1.12 | $1.15 | +2.7% | $21.1B | +0.3% |
| Jul 29, 2025 | $1.39 | $1.48 | +6.5% | $21.1B | +0.5% |
| Jan 28, 2025 | $0.93 | $0.93 | +0.0% | $20.2B | +0.3% |
| Apr 30, 2024 | $0.95 | $0.96 | +1.1% | $19.4B | -1.8% |
| Jan 30, 2024 | $0.88 | $0.89 | +1.1% | $19.3B | -0.2% |
| Oct 31, 2023 | $1.04 | $1.07 | +2.9% | $19.6B | -0.8% |
| May 2, 2023 | $0.92 | $0.90 | -2.2% | $18.9B | -5.4% |
| Jan 31, 2023 | $0.83 | $0.80 | -3.6% | $18.6B | +0.0% |
| Nov 1, 2022 | $0.99 | $0.97 | -2.0% | $19.1B | +2.3% |
SYY insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 25, 2026 | Higgs Stephen Daleofficer: SVP | Tax | 970 | $83.06 |
| Aug 25, 2026 | Keller Gregory Scottofficer: EVP | Tax | 1,105 | $83.06 |
| Aug 25, 2026 | Johnson Jennifer Lofficer: SVP and CAO | Tax | 621 | $83.06 |
| Aug 25, 2026 | Schott Jennifer Kaplanofficer: EVP, Chief Legal Officer | Tax | 665 | $83.06 |
| Aug 25, 2026 | Phillips Ronald Lofficer: EVP and CHRO | Option | 7,350 | $76.54 |
| Aug 25, 2026 | Hourican Kevindirector, officer: Chair and CEO | Tax | 12,796 | $83.06 |
| Aug 25, 2026 | Phillips Ronald Lofficer: EVP and CHRO | Tax | 1,831 | $83.06 |
| Aug 25, 2026 | Sewell Brandon Elliotofficer: Interim CFO | Tax | 236 | $83.06 |
| Aug 25, 2026 | Garrett Brenna Cofficer: SVP, CCO | Tax | 358 | $83.06 |
| Aug 25, 2026 | Phillips Ronald Lofficer: EVP and CHRO | Sell | 7,350 | $83.61 |
| Aug 25, 2026 | Phillips Ronald Lofficer: EVP and CHRO | Sell | 506 | $84.09 |
| Aug 12, 2026 | Phillips Ronald Lofficer: EVP and CHRO | Sell | 6,285 | $83.94 |
| Aug 12, 2026 | Keller Gregory Scottofficer: EVP | Tax | 495 | $84.29 |
| Aug 12, 2026 | Phillips Ronald Lofficer: EVP and CHRO | Tax | 953 | $84.29 |
| Aug 12, 2026 | Garrett Brenna Cofficer: SVP, CCO | Tax | 87 | $84.29 |
Source: SYY SEC Form 4 filings, latest Aug 25, 2026. For informational purposes only — not investment advice.
See the full SYY insider & 13F page →Sysco Corporation company profile
Overview
Sysco Corporation (NYSE:SYY) is America's largest food distribution company, founded in 1969 and headquartered in Houston, Texas. The company went public in 1973 and has grown through decades of acquisitions and organic expansion to become the dominant player in North American foodservice distribution. Sysco operates 343 distribution facilities across the United States, Canada, and internationally, serving as the critical link between food producers and the restaurants, hospitals, schools, and other institutions that feed millions of people daily. The company has established itself as an essential infrastructure provider in the food supply chain, leveraging its scale and logistics expertise to serve over 650,000 customer locations.
Business
Sysco operates in the foodservice distribution industry, which serves as the intermediary between food manufacturers and the "food-away-from-home" market. This industry is fundamentally different from grocery retail - instead of selling to individual consumers, foodservice distributors supply restaurants, hospitals, schools, hotels, and other commercial kitchens with the ingredients and supplies they need to prepare meals for their customers. The company's core business involves purchasing food products in bulk from manufacturers and producers, then storing, breaking down, and delivering these products to commercial customers. Sysco's product portfolio spans both food and non-food items: frozen foods including meats, seafood, and prepared entrées; fresh produce, meats, and dairy; canned and dry goods; beverages; and non-food supplies like disposable plates, cleaning products, kitchen equipment, and tableware. Sysco operates through four main business segments: 1. U.S. Foodservice Operations represents approximately 85% of total revenue and serves the core American market through a network of broadline distribution centers that carry full product assortments for diverse customer types. 2. International Foodservice Operations accounts for roughly 8% of revenue, operating in Canada, the United Kingdom, France, and other markets with similar distribution models adapted to local preferences. 3. SYGMA comprises about 5% of revenue and specializes in serving large chain restaurants with customized distribution solutions, often delivering directly to individual restaurant locations with specific product mixes. 4. Other segments include specialty companies focused on specific product categories like fresh produce (FreshPoint), meat (Buckhead Beef), and Italian specialty foods (Greco). The foodservice distribution industry requires substantial infrastructure investment, including refrigerated warehouses, specialized delivery trucks, and sophisticated inventory management systems to handle products with varying shelf lives and storage requirements.
Revenue model
Sysco generates revenue primarily through product sales with embedded distribution margins. The company purchases food and supplies from manufacturers at wholesale prices, then sells these products to foodservice customers at marked-up prices that include the value of warehousing, logistics, and delivery services. Unlike pure logistics companies that charge separate fees for transportation, Sysco's margin is built into the product pricing. The business model creates value through scale economics and route density. By aggregating demand from thousands of restaurants and institutions in each market, Sysco can negotiate better purchasing terms with suppliers while spreading fixed distribution costs across a large customer base. The company's 343 distribution centers are strategically located to optimize delivery routes, with each facility typically serving customers within a 150-mile radius. Sysco's customers include independent restaurants (representing the largest customer segment), chain restaurants, healthcare facilities, educational institutions, hotels, and industrial caterers. These customers value Sysco's ability to provide one-stop shopping for diverse product needs, reliable delivery schedules, and supply chain expertise that allows them to focus on their core food preparation business. Several factors influence Sysco's profitability margins. Commodity price inflation generally benefits the company since it can pass through higher costs while maintaining percentage margins, though timing mismatches can create temporary pressure. Fuel costs directly impact distribution expenses, though Sysco typically adjusts delivery fees to offset major fuel price changes. Labor availability and wages in warehouses and transportation significantly affect operating costs, particularly given the specialized nature of food handling and delivery. Restaurant industry health drives overall demand - economic downturns that reduce dining out directly impact Sysco's volumes. Market share dynamics also matter, as the company competes against regional distributors, specialty suppliers, and direct-from-manufacturer purchasing by large chains.
Competitive moat
Sysco possesses a strong economic moat built primarily on scale advantages and switching costs, though it faces ongoing competitive pressures. The company's moat stems from several interconnected factors that create barriers to entry and customer retention. The most significant moat element is route density and logistics scale. Sysco's nationwide network of distribution centers creates enormous fixed cost advantages - competitors need substantial upfront investment to replicate similar infrastructure, while Sysco spreads these costs across a massive customer base. This scale enables better supplier negotiations, more efficient delivery routes, and the ability to offer broader product assortments than smaller regional competitors. Customer switching costs provide additional protection. Restaurants and foodservice operators develop operational dependencies on their distributor's ordering systems, delivery schedules, product specifications, and account management relationships. Switching distributors requires retraining staff, adjusting recipes and portion controls, and risking supply disruptions during the transition period. For smaller independent restaurants, Sysco often becomes deeply integrated into daily operations through credit terms, menu planning assistance, and inventory management. However, Sysco's moat faces meaningful challenges. Large chain restaurants increasingly bypass distributors by purchasing directly from manufacturers, reducing Sysco's addressable market in higher-volume accounts. Regional competitors can offer more personalized service and local product sourcing that appeals to independent restaurants. Technology disruption through online ordering platforms and supply chain software potentially commoditizes some of Sysco's traditional value proposition. The company's moat strength varies by customer segment - strongest with small to medium independent restaurants that value full-service relationships, and weakest with large chains that have internal procurement capabilities. Overall, Sysco maintains a moderately strong but not impregnable competitive position that requires continuous investment in service quality and operational efficiency.
Risks & safety
Sysco demonstrates moderate financial safety with manageable debt levels but high leverage ratios due to its capital structure. • **Debt and Solvency**: Debt-to-equity ratio of 7.6x appears concerning but reflects the company's asset-heavy business model. Total debt of approximately $12 billion against $79 billion in annual revenue represents manageable leverage. Strong cash flow generation of $2.9 billion from operations provides adequate debt service coverage. • **Cash Position**: Cash and short-term investments of $1.5 billion provides reasonable liquidity buffer. Free cash flow of $620 million in recent quarter demonstrates continued cash generation ability despite some quarterly volatility. • **Valuation Metrics**: Trading at 22.5x P/E ratio and 13.5x EV/EBITDA suggests modest premium valuation for a mature distribution business. Price-to-book ratio of 18.8x reflects asset-light business model with significant intangible value. • **Other Considerations**: Current ratio of 1.26x indicates adequate short-term liquidity. Return on equity of 20.9% demonstrates efficient capital utilization. The company's essential role in food supply chain provides recession-resistant demand characteristics.
Recent development
Over the past several years, Sysco has implemented a comprehensive transformation strategy called "Recipe for Growth" focused on sales force expansion, digital capabilities, and operational efficiency. The company has significantly increased its sales consultant headcount, adding 450 net new sales professionals in fiscal 2024 and continuing to expand in fiscal 2025, while implementing a new compensation model designed to incentivize both growth and profitability. Digital transformation initiatives have been central to recent development efforts. Sysco launched "Sysco Your Way," a neighborhood-based delivery program now active in over 400 locations across five countries, allowing customers to pool orders for more frequent deliveries. The company upgraded its digital shopping platform with enhanced features including Spanish language support and implemented a customer loyalty program called "Perks" with over 12,000 active participants. Supply chain optimization has involved opening new distribution centers in strategic locations including Allentown, Pennsylvania, Florida, Sweden, and Ireland. The company converted to a six-day service delivery model and launched the Sysco Driver Academy to address labor challenges while improving service reliability and fill rates. Strategic acquisitions and expansion have strengthened specialty capabilities, including the acquisition of BIX Produce to expand FreshPoint's geographic footprint, and investments in Italian specialty foods through Greco. The company has also been piloting new business models, including cash-and-carry stores in Houston, while divesting non-core assets like its Mexico joint venture. Cost management initiatives include a $100 million annualized cost improvement program focusing on strategic sourcing, supply chain efficiencies, and organizational optimization. These efforts aim to offset inflationary pressures while maintaining investment in growth initiatives and customer service capabilities.
SYY company profile · for informational purposes only — not investment advice.
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