Food inflation has become one of those problems that refuses to disappear when politicians declare victory over it.
HOUSTON, Aug. 20, 2026 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) today announced that the Board of Directors declared a quarterly cash dividend of $0.55 per share, payable on October 23, 2026, to common stockholders of record at the close of business on October 2, 2026.
Appoints Two New Directors with Expertise in AI, Innovation, Supply Chain Management, Foodservice Distribution Enhances Board Governance to Accelerate Innovation and Oversee Execution of AI Transformation Initiatives Building on the Strong, Positive Momentum in its Core Business, Sysco Reiterates its Commitment to Realizing AI-Driven Efficiencies HOUSTON, Aug. 20, 2026 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY), the global leader in foodservice distribution, today announced a series of strategic business and corporate governance initiatives, including two new appointments to its Board of Directors, designed to accelerate its enterprise-wide artificial intelligence (AI) transformation, enhance operational performance, and drive long-term shareholder value. Building on strong momentum and operating performance across its business, Sysco recently announced fiscal 2027 guidance of 6% to 7% revenue growth and 9% to 11% adjusted earnings per share growth, on a 53-week basis, announced on August 4, 2026.
Sysco is attractively valued at a forward P/E of 16.1, well below its historical average, and offers a 2.7% dividend yield. SYY's planned $29B acquisition of Jetro Restaurant Depot is expected to be EPS-accretive, expanding its reach among value-focused local restaurants. Management guides for 6–7% net sales growth and 9–11% adjusted EPS growth in FY 2027, supported by AI-driven sales tools and supply chain efficiencies.
Focus Partners Advisor Solutions LLC acquired a new position in Sysco Corporation (NYSE: SYY) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 17,549 shares of the company's stock, valued at approximately $1,467,000. A number of other institutional investors and hedge funds have
Baxter Bros Inc. acquired a new position in Sysco Corporation (NYSE: SYY) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 23,700 shares of the company's stock, valued at approximately $1,981,000. Other institutional investors have also added to or reduced their stakes
Sysco CEO Kevin Hourican joins 'Mad Money' host Jim Cramer to talk quarterly results, its Restaurant Depot acquisition, food safety and more.
Sysco (NYSE: SYY) reported fourth-quarter fiscal 2026 results that exceeded its prior expectations for adjusted earnings per share and U.S. foodservice volumes, citing accelerating local customer growth, supply-chain productivity gains and early benefits from efficiency initiatives. Chief Executive Officer Kevin Hourican said the company generated more than $22 billion in quarterly revenue, up 4.7% from the
Sysco NYSE: SYY reported fourth-quarter fiscal 2026 results that exceeded its prior expectations for adjusted earnings per share and U.S. foodservice volumes, citing accelerating local customer growth, supply-chain productivity gains and early benefits from efficiency initiatives.
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