Sysco — First Quarter 2027 Earnings Summary

Sysco Corporation reported first-quarter fiscal 2027 sales of $21.7 billion, representing a 2.8% increase from the prior year period. Adjusted net earnings rose 4.2% to $574 million, while adjusted earnings per share increased 3.5% to $1.19. The company reiterated its full-year adjusted earnings per share guidance of 9% to 11% growth and local volume growth assumptions of approximately 2.5%. Additionally, Sysco expects to achieve $100 million in net cost savings from AI technology initiatives by the end of fiscal 2027.