Sysco is transforming into a comprehensive foodservice powerhouse with its $29B acquisition of Jetro Restaurant Depot, despite a 20% stock correction. SYY expects the deal to boost revenue by 20%, deliver $250M in annual synergies within three years, and be accretive to EPS in year one. Shares now trade at under 16x FY26 earnings, offering a defensive, value-oriented entry point at a significant discount to the S&P 500.

Sysco Corporation (NYSE:SYY) stock took a hit when the company announced a $29.1 billion deal to acquire Restaurant Depot on March 30.

HOUSTON, April 07, 2026 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) will host a conference call and webcast to discuss its third quarter fiscal year 2026 financial results at 10 a.m. ET on Tuesday, April 28, 2026.

Nike, Inc., Sysco Corporation and Boston Scientific Corporation led last week's large-cap losers as earnings, guidance and downgrades pressured stocks in a shortened trading week.

Sysco (NYSE: SYY) said it has entered into a definitive agreement to acquire Restaurant Depot, a wholesale cash-and-carry foodservice supplier focused on small restaurants and local businesses. On a conference call announcing the deal, Sysco Chair and CEO Kevin Hourican described the transaction as "transformational," arguing the combination will create a nationwide omni-channel platform that serves

SYY's $29.1 billion Jetro deal pushes it into cash-and-carry, with synergies, EPS accretion and stronger free cash flow boosting growth.

Sysco (NYSE:SYY) shares are down 16.16% since Friday's close after the company announced a $29.1 billion acquisition of Jetro Restaurant Depot.

Sysco Corporation (NYSE: SYY - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the fifteen brokerages that are covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month target price among brokerages

Sysco Corporation (NYSE: SYY - Get Free Report) was the recipient of unusually large options trading on Monday. Stock traders bought 4,068 call options on the stock. This is an increase of 111% compared to the typical volume of 1,932 call options. Wall Street Analyst Weigh In Several research analysts recently commented on the stock. Weiss

Sysco Corporation (SYY) M&A Call Transcript