$SYY

Simply Wall St reports Sysco (SYY) beat Q4 earnings and released full-year results. Management reaffirmed 2027 guidance and cited AI cost initiatives and new fulfillment facilities in Florida, Sweden, and Ireland. The article notes shares are up 16.4% over 90 days and 7.5% over 1 year. It cites a fair value of $89.31 vs $84.29 and discusses P/E (23x) versus industry (19.8x) and peers (37.3x).

Sysco reported higher fourth-quarter sales, earnings and case volume for the quarter ended June 27, citing growth in US and international foodservice. Fourth-quarter sales rose 4.7%, gross profit increased 3.7% to $4.1 billion, operating income rose 10.6% to $983 million, and net earnings grew 3.8% to $551 million. Sysco also introduced fiscal 2027 guidance tied to AI productivity gains.

Sysco Corp. reported fiscal 2026 Q4 sales of $22.1 billion, up 4.7% year over year, and full-year sales of $84.6 billion, up 3.9%. The company said AI initiatives are supporting efficiency and customer engagement, projecting $100 million in efficiency gains in 2027. Q4 results included gross profit $4.1 billion, operating income $983 million, and net earnings $551 million.

Sysco said, according to Reuters, it will stop sourcing Mexican iceberg lettuce from Taylor Farms after a cyclosporiasis outbreak tied by officials to the supplier. The outbreak has exceeded 22,000 cases and 500 hospitalizations across 15 states, with Michigan reporting over 11,000 cases and two deaths. Walmart removed Taylor Farms products in 15 states; FDA linked the producer but later said a test was a false positive while keeping its investigation and recall.

Sysco said it stopped buying Mexican iceberg lettuce, including from Taylor Farms’ Mexican operations, while officials investigate a multistate Cyclospora outbreak. Reuters cited Sysco CEO Kevin Hourican. CDC reported 10,468 lab-confirmed cases in the US through Aug 3, 2026. FDA’s July 24 advisory cited 1,947 illnesses linked to shredded iceberg lettuce from Taylor Farms de Mexico.

Citigroup raised its price target on Sysco to $86 from $82, according to the article. The stock was shown at $84.21 at market close, up 1.72% on the day. Other broker notes cited include UBS and BMO Capital adjusting targets for Sysco.

DA Davidson raised its price target on Sysco to $91 from $89 and kept a Buy rating, according to the firm. The article notes the stock’s recent performance and provides context on DA Davidson’s composite rating methodology.

Sysco forecast strong fiscal results after beating quarterly sales and profit estimates, citing resilient customer demand despite macro uncertainty and a US cyclosporiasis outbreak. Quarterly sales rose 4.7% to about $22.12B. Adjusted EPS was $1.53 vs $1.51. FY2027 sales are expected to grow 6% to 7%, and adjusted EPS 9% to 11%, with $100M net savings from cost cuts. Shares fell ~2% after gross margin declined to 18.7%.

Sysco (SYY) reported higher quarterly sales and EPS in its recent results, though full-year net income and continuing-ops EPS were slightly lower. The company guided fiscal 2027 for 6% to 7% sales growth and said it completed a US$3.88 billion buyback, retiring 48.29 million shares. The update affects its capital-return and earnings outlook.

Sysco (SYY) said, according to CEO Kevin Hourican in a Reuters interview, it has stopped purchasing iceberg lettuce from Mexico due to a cyclosporiasis outbreak. The FDA has linked the multi-state outbreak to iceberg lettuce, raising supply and sourcing considerations for the distributor.