SYY SYSCO CORP
Price Chart
Executive Summary
Sysco is acquiring Jetro Restaurant Depot (Restaurant Depot) in a $29.1 billion all-cash and stock deal to enter the high-margin, resilient cash-and-carry wholesale channel. The transaction is expected to be immediately accretive to EPS, with $250 million in annualized cost synergies from procurement and supply chain efficiencies. The deal is subject to regulatory approval and is expected to close by Q3 FY2027.
Key Financial Metrics
Actionable Insight
The acquisition is a transformative move that significantly expands Sysco's market reach into the high-growth, high-margin cash-and-carry channel with minimal customer overlap. The deal is financially compelling with immediate EPS accretion and substantial synergies, but investors should monitor the integration process and regulatory approval timeline. The pause in share repurchases to manage leverage post-closing is a temporary headwind to shareholder returns.
Key Facts
- Sysco is acquiring Jetro Restaurant Depot (Restaurant Depot) for $29.1 billion in cash and stock.
- The deal is expected to be accretive to EPS, with mid-to-high single-digit accretion in year one and low-to-mid teens in year two.
- The transaction will create a combined company with 20% higher revenue, 45% higher EBITDA, and 55% higher free cash flow on a pro forma basis.
- Synergies of $250 million annually are expected within three years, primarily from procurement and supply chain efficiencies.
- The deal is subject to regulatory approval and is expected to close by Q3 FY2027.
Financial Impact
$29.1 billion transaction value, $250 million in annualized synergies
Risk Factors
- Regulatory approval could be delayed or come with conditions.
- Integration risks, though management plans for a light-touch integration with separate business units.
- Pause in share repurchase program to manage post-acquisition leverage.
Market Snapshot
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 425 Filing (SYY) — Batch item 1 | 0000950142-26-000923 |
| Document: eh260758379_ex1001.htm | 0000950142-26-000925 |
| 425 Filing (SYY) — Batch item 3 | 0000950142-26-000925 |
| 425 Filing (SYY) — Batch item 4 | 0000950142-26-000924 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 2, 2026
10d ago
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425
| $75.21 $74.12 | ▼ −1.45% | ▼ −1.85% | $79.19 (+5.30%) |
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May 27, 2026
16d ago
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Press Release
| $75.06 $75.71 | ▲ +0.87% | ▲ +0.31% | $79.19 (+5.51%) |
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May 18, 2026
25d ago
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8-K
| $73.51 $75.22 | ▲ +2.33% | ▲ +2.98% | $79.19 (+7.73%) |
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Apr 28, 2026
6w ago
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8-K
| $73.16 $73.93 | ▲ +1.05% | ▲ +1.06% | $79.19 (+8.25%) |
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Apr 20, 2026
7w ago
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425
| $74.54 $75.32 | ▲ +1.05% | ▲ +0.03% | $79.19 (+6.24%) |
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Apr 20, 2026
7w ago
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8-K
| $74.54 $75.32 | ▲ +1.05% | ▲ +0.03% | $79.19 (+6.24%) |
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Apr 17, 2026
8w ago
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Press Release
| $76.26 $74.54 | ▼ −2.26% | ▼ −1.60% | $79.19 (+3.85%) |
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Apr 7, 2026
9w ago
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425
| $75.00 $74.99 | ▼ −0.01% | ▼ −0.58% | $79.19 (+5.59%) |
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Apr 7, 2026
9w ago
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Press Release
| $72.84 $75.00 | ▲ +2.96% | ▲ +0.42% | $79.19 (+8.72%) |
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Mar 30, 2026
10w ago
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425
| $70.80 $72.15 | ▲ +1.91% | ▲ +1.16% | $79.19 (+11.86%) |
US Market Status
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