Jetro Restaurant Depot Acquisition Costs Weigh on Sysco Operating Income

Sysco’s first-quarter operating income declined 10.4% to $717 million as costs associated with its planned acquisition of Jetro Restaurant Depot weighed on results. Sales came in below market expectations, adding to selling pressure on Sysco shares Tuesday.

Sales rose 2.8% to $21.744 billion in the 13 weeks ended Sept. 26, 2026. Adjusted operating income increased 3.2% to $927 million.

Sysco kept its fiscal 2027 adjusted earnings-per-share growth outlook at 9% to 11%. It expects sales growth at the low end of its 6% to 7% range amid lower industry inflation, an outlook detailed in earlier coverage.