Market Incident
Public · Developing
AI compiled from Infoway · 6 analyzed stories
Sysco Reports First Quarter 2027 Results; Reiterates FY27 Adjusted EPS and Local Volume Guidance
Sysco reported first quarter fiscal 2027 results for the 13 weeks ended September 26, 2026. Sales rose 2.8%, U.S. Foodservice local volume rose 2.7%, and adjusted EPS rose 3.5% to $1.19. The company reiterated its fiscal 2027 adjusted EPS and local volume guidance.
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What happened
Sysco reported that first-quarter sales rose 2.8% to $21.74 billion, while operating income fell 10.4% to $717 million. Adjusted earnings per share rose 3.5% to $1.19. The company said an outbreak hurt sales and forecast sales growth at the lower end of its range.
Global impact / market context
Higher sales and adjusted earnings offer some support, but lower operating income and sales below estimates point to pressure on results. The outbreak and softer food cost inflation may also limit sales growth. Sysco kept its adjusted earnings and local volume guidance unchanged.
What to watch
- Check whether Sysco reports further effects from the outbreak, which it said hurt first-quarter sales.
- Check whether sales growth stays near the lower end of its 6% to 7% fiscal 2027 range, as the company projected.
- Check whether operating income improves from $717 million, after its 10.4% decline, to see if profit pressure eases.
Affected assets
- Sysco Corporation
- Taylor Farms iceberg lettuce from Mexico
Evidence
- Infoway News — Why Sysco (SYY) stock is nosediving
- Infoway News — Food distributor Sysco says cyclosporiasis outbreak hit Q1 sales
- Infoway News — Sysco 1Q Adj EPS $1.19 >SYY
- Infoway News — Sysco 1Q U.S. Foodservice Sales Up 2.4% >SYY
- Infoway News — Sysco 1Q U.S. Foodservice Sales $15.1B >SYY
- Infoway News — Sysco Reports First Quarter 2027 Results; Reiterates FY27 Adjusted EPS and Local Volume Guidance
- Incident timeline — Why Sysco (SYY) stock is nosediving
- Incident timeline — Food distributor Sysco says cyclosporiasis outbreak hit Q1 sales
- Incident timeline — Sysco 1Q Adj EPS $1.19 >SYY
- Incident timeline — Sysco 1Q U.S. Foodservice Sales Up 2.4% >SYY
- Incident timeline — Sysco 1Q U.S. Foodservice Sales $15.1B >SYY
- Incident timeline — Sysco Reports First Quarter 2027 Results; Reiterates FY27 Adjusted EPS and Local Volume Guidance