HOUSTON, TX - Sysco Corporation announced financial results for its 13-week third fiscal quarter ended March 28, 2026.

According to a press release, key financial results for the third quarter of fiscal year 2026 include the following (comparisons are to the same period in fiscal year 2025):

• Sales increased 4.7%; U.S. Foodservice volume increased 2.3%, U.S. local volumes increased 3.3%;
• Gross profit increased 6.5% to $3.8 billion;
• Operating income decreased 9.1% to $619 million, and adjusted operating income decreased 0.6% to $768 million;
• Net earnings decreased 15.2% to $340 million, and adjusted net earnings decreased 3.6% to $452 million;
• Cash flow from operations increased 11% to $1.5 billion and free cash flow increased 19% to $1.1 billion on a year-to-date basis;
• EBITDA decreased 5.1% to $864 million, and adjusted EBITDA increased 0.1% to $970 million; and
• EPS4 decreased 13.4% to $0.71, and adjusted EPS1 decreased 2.1% to $0.94, inclusive of higher incentive compensation costs of $63 million, as previously disclosed, representing a $0.10 impact to EPS.

“Sysco delivered strong results in the third quarter of fiscal 2026, driven by continued acceleration in local case volume and expanded gross margins,” said Kevin Hourican, Sysco’s Chair of the Board and Chief Executive Officer. “Importantly, our U.S. local volumes grew 3.3%, the highest quarterly rate in over three years. This exceeded our prior commitment, and we remain confident in delivering over 2.5% U.S. local growth in Q4, which would put us on pace to accelerate on a two-year stack basis. Our USFS segment returned to operating profit growth for the quarter. We are encouraged by the progress, results, and momentum across each of our business segments. As we look ahead, our strong operating foundation, improving productivity, and the compelling opportunity presented by the pending Jetro Restaurant Depot combination, position Sysco to grow profitably, deepen our relationships with more local customers, and create incremental value for our shareholders.”

“Third quarter results reflected strong earnings execution and solid cash flow generation, supported by continued volume acceleration, gross margin expansion, and disciplined cost management, which included headwinds from lapping $63 million of incentive compensation,” said Brandon Sewell, Sysco’s Interim Chief Financial Officer. “Year‑to‑date free cash flow increased 19%, and we are encouraged by improving productivity, particularly in our U.S. Foodservice local business. These results support our confidence in delivering full‑year adjusted EPS at the high end of our $4.50 to $4.60 guidance range, which continues to include an approximate $100 million ($0.16 per diluted share) headwind from lapping lower incentive compensation in fiscal 2025.”