Sysco Corp (SYY) Q2 2026 Financial Results

By Chris Stiles • Tuesday, January 27 15:04 • Permanent Link

Sysco Corporation (NYSE: SYY) has reported its financial results for the 13-week second fiscal quarter ended December 27, 2025. The key financial results for the second quarter of fiscal year 2026 compared to the same period in fiscal year 2025 are as follows:

Sales increased by 3.0% to $20.8 billion.
Gross profit increased by 3.9% to $3.8 billion, with a gross margin increase of 15 basis points to 18.3%.
Operating income decreased by 2.8% to $692 million, and adjusted operating income increased by 3.1% to $807 million.
Net earnings decreased by 4.2% to $389 million, while adjusted net earnings increased by 3.9% to $476 million.
EBITDA decreased by 0.9% to $923 million, and adjusted EBITDA increased by 3.3% to $1.0 billion.
EPS decreased by 1.2% to $0.81, and adjusted EPS increased by 6.5% to $0.99.

Sysco's U.S. foodservice volume increased by 0.8%, and U.S. local volumes increased by 1.2%. The company's total case volume within U.S. foodservice operations increased by 0.8%, while local case volume within U.S. foodservice operations increased by 1.2%.

The international foodservice operations segment achieved significant sales growth, with sales increasing by 7.3% to $4.0 billion. Gross profit in this segment increased by 9.5% to $832 million, with a gross margin increase of 42 basis points to 20.8%.

As of the end of the quarter, Sysco had a cash balance of $1.2 billion and total liquidity of $2.9 billion. The company's debt to net earnings was approximately 7.6 times, and net debt to adjusted EBITDA was approximately 2.9 times. Sysco returned $518 million to shareholders via dividends during the first 26 weeks of fiscal year 2026.

In terms of case growth, U.S. foodservice case volume saw an increase of 0.8%, and local case volume within U.S. foodservice operations increased by 1.2%.

These results demonstrate Sysco's performance in the second quarter of fiscal year 2026, showing improvements in sales, gross profit, and adjusted net earnings, despite some decreases in operating income and net earnings. Today the company's shares have moved -0.48% to a price of $78.80. For more information, read the company's full 8-K submission here.

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