Sysco Q3 sales rise 4.7%, slightly miss estimates

Sysco

28/04/2026 13:14

Overview

U.S. food distributor's fiscal Q3 sales rose 4.7%, a slight miss versus analyst expectations

Adjusted EPS for fiscal Q3 met analyst expectations

Company cited higher U.S. local volumes and gross margin expansion, offset by higher expenses

Outlook

Sysco expects full-year adjusted EPS at the high end of its $4.50-$4.60 guidance range

Company projects over 2.5% U.S. local volume growth in Q4

Sysco cites improving productivity and momentum across business segments supporting its outlook

Result Drivers

VOLUME GROWTH - Higher U.S. Foodservice and local case volumes contributed to sales and gross profit growth

GROSS MARGIN EXPANSION - Gross profit and gross margin rose, helped by strategic sourcing and inflation management

HIGHER OPERATING EXPENSES - Increased incentive compensation, sales headcount, and capacity investments drove up operating expenses

Company press release: ID:nGNX8x30bt

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Slight Miss*
$20.50 bln
$20.57 bln (14 Analysts)
Q3 Adjusted EPS
Meet
$0.94
$0.94 (15 Analysts)
Q3 EPS
$0.71


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the food retail & distribution peer group is "buy"

Wall Street's median 12-month price target for Sysco Corp is $90.00, about 19.4% above its April 27 closing price of $75.36

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 15 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)