Analyst Consensus ?
ConsensusHold30 ratings
Bullish1860.0%
Neutral930.0%
Bearish310.0%
Sysco Corporation · SYY · FY2026 Q4 · Calendar Q3 2026
Sysco raises FY2027 outlook as AI savings and local growth gain focus
The supplied analysis supports a constructive but execution-dependent outlook: resilient local case growth, improving Sysco Brand mix, international momentum, and AI-enabled savings underpin the raised FY2027 outlook, while fuel costs, restaurant traffic, regulatory review, and integration remain material risks.
Reported Before market openNYSEConsumer Defensive
$37.50B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.53
Consensus $1.51
EPS surprise
+1.3%
Reported versus consensus
Reported revenue
$22.12B
Consensus $21.95B
Revenue surprise
+0.8%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-2.6%
Event window
SPY move
+1.8%
Same window
Abnormal move
-4.4%
Stock minus SPY
Volume
2.5×
Versus trailing sessions
Subsequent drift
-0.8%
Up to 20 sessions
SYYSPY benchmark
Ask FN2 about SYY FY2026 Q4
Transcript, numbers and history already loaded
Why did SYY fall 2.6% after beating EPS estimates in FY2026 Q4?What changed in SYY's guidance and outlook in FY2026 Q4?Give me the bull and bear case for SYY after FY2026 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior quarter, management shifted from maintaining FY2026 guidance to raising the outlook for FY2027. The current analysis also emphasizes a $100 million FY2027 AI-savings target, $160 million of run-rate potential, and ongoing Restaurant Depot acquisition progress.
Guidance delta
Raised: FY2027 revenue growth guidance is 6–7% and adjusted EPS growth guidance is 9–11%.
Key takeaways
- Q4 FY2026 revenue was $22 billion, up 4.7%, with adjusted EPS of $1.53.
- Management raised FY2027 guidance and cited local case growth, Sysco Brand penetration, and efficiency initiatives.
- AI-driven projects are expected to deliver $100 million of FY2027 savings, with $160 million of run-rate potential.
Management priorities
- Deploy AI-enabled productivity tools across sales, merchandising, and back-office operations.
- Upgrade routing software across U.S. locations and pursue indirect-spend savings.
- Advance the Restaurant Depot acquisition and expand the low-cost format, including potential entry into Canada.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$78.43Previous close
$82Low
$89.91Average
$102High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Sep 22, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| UBS | Buy | Buy | Maintain | Aug 5, 2026 |
| Piper Sandler | Neutral | Neutral | Maintain | Aug 5, 2026 |
| Citigroup | Neutral | Neutral | Maintain | Aug 5, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Jul 16, 2026 |
| Bernstein | Market Perform | Market Perform | Maintain | Apr 29, 2026 |
| Barclays | Overweight | Overweight | Maintain | Apr 29, 2026 |
| Guggenheim | Buy | Buy | Maintain | Apr 2, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Feb 19, 2026 |
| Truist Securities | Buy | Buy | Maintain | Jan 28, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Jan 28, 2026 |
| Jefferies | Buy | Buy | Maintain | Jan 28, 2026 |
| B of A Securities | Buy | Buy | Maintain | Jul 18, 2025 |
| BMO Capital | Outperform | Outperform | Maintain | Apr 30, 2025 |
| Deutsche Bank | Buy | Buy | Maintain | May 23, 2024 |
| Stephens & Co. | Overweight | Overweight | Maintain | Jan 31, 2024 |
| Credit Suisse | Outperform | Outperform | Maintain | May 3, 2023 |
| Argus Research | Hold | Buy | Downgrade | Feb 2, 2023 |
| Consumer Edge Research | Equal Weight | Underweight | Upgrade | Nov 4, 2020 |
| Edward Jones | Buy | Hold | Upgrade | Sep 10, 2020 |
| SVB Leerink | Outperform | Outperform | Maintain | Nov 5, 2019 |
| Bank of America | Neutral | Neutral | Maintain | Oct 2, 2019 |
| Buckingham Research | Buy | Buy | Maintain | May 7, 2019 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | Nov 6, 2018 |
| Argus | Buy | Buy | Maintain | Aug 16, 2018 |
| Pivotal Research | Sell | Hold | Downgrade | Aug 10, 2018 |
| Loop Capital | Buy | Buy | Maintain | Feb 6, 2018 |
| Macquarie | Outperform | Outperform | Maintain | May 3, 2016 |
| Goldman Sachs | Sell | Sell | Maintain | May 3, 2016 |
| Cleveland Research | Neutral | Underperform | Upgrade | Mar 11, 2016 |
| Cantor Fitzgerald | Sell | Hold | Downgrade | May 3, 2013 |
Named analyst price targets
Upside is calculated against the persisted previous close $78.43. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Guggenheim | John Heinbockel | $90 | $79.6 | +14.8% | Sep 16, 2026 |
| Piper Sandler | Analyst unavailable | $84 | $82.79 | +7.1% | Aug 5, 2026 |
| Bernstein | Analyst unavailable | $85 | $73.37 | +8.4% | Apr 29, 2026 |
| Deutsche Bank | Analyst unavailable | $84 | $73.37 | +7.1% | Apr 28, 2026 |
| Wells Fargo | Analyst unavailable | $100 | $89.28 | +27.5% | Feb 19, 2026 |
| Guggenheim | Analyst unavailable | $95 | $89.91 | +21.1% | Feb 13, 2026 |
| Guggenheim | John Heinbockel | $91 | $83.21 | +16.0% | Jan 28, 2026 |
| Jefferies | Alexander Slagle | $95 | $84.22 | +21.1% | Jan 28, 2026 |
| UBS | Mark Carden | $95 | $84.18 | +21.1% | Jan 28, 2026 |
| Bernstein | Danilo Gargiulo | $90 | $83.75 | +14.8% | Jan 28, 2026 |
| Piper Sandler | Analyst unavailable | $83 | $83.92 | +5.8% | Jan 28, 2026 |
| Barclays | Analyst unavailable | $92 | $83.92 | +17.3% | Jan 28, 2026 |
| Morgan Stanley | Analyst unavailable | $85 | $77.39 | +8.4% | Jan 20, 2026 |
| Piper Sandler | Analyst unavailable | $80 | $74.22 | +2.0% | Dec 12, 2025 |
| Barclays | Analyst unavailable | $86 | $75.89 | +9.7% | Oct 29, 2025 |
| Bernstein | Analyst unavailable | $83 | $79.16 | +5.8% | Oct 22, 2025 |
| Morgan Stanley | Analyst unavailable | $88 | $79.9 | +12.2% | Oct 21, 2025 |
| Guggenheim | Analyst unavailable | $89 | $82.15 | +13.5% | Oct 6, 2025 |
| UBS | Analyst unavailable | $90 | $80.11 | +14.8% | Jul 30, 2025 |
| Wells Fargo | Analyst unavailable | $88 | $78.38 | +12.2% | Jul 29, 2025 |
| Bernstein | Jeffrey Bernstein | $87 | $73.29 | +10.9% | Apr 22, 2025 |
| Melius Research | Jacob Aiken-Phillips | $85 | $77.08 | +8.4% | Dec 18, 2024 |
| Jefferies | Alexander Slagle | $92 | $76.28 | +17.3% | Sep 25, 2024 |
| Bernstein | Jeffrey Bernstein | $88 | $76.44 | +12.2% | Jul 31, 2024 |
| Truist Financial | Jake Bartlett | $85 | $73.29 | +8.4% | Jun 24, 2024 |
| Guggenheim | John Heinbockel | $85 | $72.95 | +8.4% | May 28, 2024 |
| Deutsche Bank | Lauren Silberman | $86 | $73.1 | +9.7% | May 23, 2024 |
| Morgan Stanley | Brian Harbour | $82 | $72.73 | +4.6% | May 23, 2024 |
| BMO Capital | Kelly Bania | $85 | $72.92 | +8.4% | May 23, 2024 |
| UBS | Mark Carden | $87 | $72.73 | +10.9% | May 23, 2024 |
| Barclays | Jeffrey Bernstein | $85 | $72.73 | +8.4% | May 23, 2024 |
| Barclays | Jeffrey Bernstein | $88 | $74.32 | +12.2% | May 1, 2024 |
| Truist Financial | Jake Bartlett | $87 | $66.44 | +10.9% | Sep 29, 2023 |
| Wells Fargo | Analyst unavailable | $85 | $76.96 | +8.4% | Feb 6, 2023 |
| Morgan Stanley | Analyst unavailable | $86 | $76.96 | +9.7% | Feb 1, 2023 |
| Barclays | Analyst unavailable | $87 | $77.46 | +10.9% | Feb 1, 2023 |
| Credit Suisse | Analyst unavailable | $94 | $77.46 | +19.9% | Feb 1, 2023 |
| Deutsche Bank | Analyst unavailable | $80 | $77.46 | +2.0% | Feb 1, 2023 |
| Wells Fargo | Analyst unavailable | $87 | $75.73 | +10.9% | Jan 4, 2023 |
| CFRA | Paul Silverstein | $102 | $86.05 | +30.1% | May 11, 2022 |
| Morgan Stanley | Analyst unavailable | $94 | $85.21 | +19.9% | May 11, 2022 |
| Barclays | Analyst unavailable | $100 | $88.8 | +27.5% | Apr 25, 2022 |
| Bernstein | Jeffrey Bernstein | $100 | $88.8 | +27.5% | Apr 25, 2022 |
| Argus Research | John Staszak | $95 | $84.24 | +21.1% | Feb 22, 2022 |
| Truist Financial | Jake Bartlett | $89 | $77.71 | +13.5% | Jan 31, 2022 |
| UBS | Mark Carden | $93 | $76.81 | +18.6% | Aug 11, 2021 |
| Credit Suisse | Lauren Silberman | $97 | $81.12 | +23.7% | May 5, 2021 |
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Start freeCompany context
Snapshot as of publicationSysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments. The company distributes frozen food, such as meat, seafood, fully prepared entrées, fruits, vegetables, and desserts; canned and dry food products; fresh meat and seafood products; dairy products; beverages; imported specialties…
Historical context
All SYY earningsConsumer Defensive peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| KR The Kroger Co. | FY2026 Q2 · Calendar Q3 2026 | +2.8% | +2.7% | Kroger: Strong digital growth offsets softer sales outlook |
| CPB Campbell Soup Company | FY2026 Q4 · Calendar Q3 2026 | +1.1% | -7.0% | Campbell’s leans on savings and innovation amid pressured demand |
| BF-A Brown-Forman Corporation | FY2027 Q1 · Calendar Q3 2026 | +3.0% | — | Brown-Forman holds FY27 outlook as RTD innovation offsets barrel pressure |
| BF-B Brown-Forman Corporation | FY2027 Q1 · Calendar Q3 2026 | 0.0% | — | Brown-Forman maintains FY27 outlook as innovation offsets pressure |
| DG Dollar General Corporation | FY2027 Q2 · Calendar Q3 2026 | +23.4% | +2.5% | Dollar General Raises FY2026 Outlook After Strong Q2 |
| DLTR Dollar Tree, Inc. | FY2027 Q2 · Calendar Q3 2026 | +134.8% | -3.9% | Dollar Tree: Strong Q2 execution, but guidance held steady |
Latest beats and misses
Who reports nextBeat on EPS
- FPSFY2026 Q4 · September 15, 2026+4.3% EPS+9.5% move
- TCOMFY2026 Q2 · September 15, 2026+22.3% EPS+3.0% move
- KRFY2026 Q2 · September 11, 2026+2.8% EPS+2.7% move
- ADBEFY2026 Q3 · September 10, 2026+0.8% EPS+1.4% move
- ORCLFY2027 Q1 · September 10, 2026+10.3% EPS-1.7% move
- CASYFY2027 Q1 · September 8, 2026+8.7% EPS-14.2% move
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Sources
- Earnings call transcript and parsed analysis · 2026-08-07T20:15:41.551738+00:00
- FN2 earnings calendar · 2026-09-09T01:23:14.388487+00:00
- Polygon adjusted daily market bars · 2026-09-22T08:30:54.375522+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-22T08:30:54.372541+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated . For educational purposes only; not investment advice.