Sysco Corp Reports Mixed Results

Sysco Corp, a leading food distributor, has released its quarterly earnings report. Key highlights from the report include:

• Revenue exceeded quarterly expectations due to improved demand in the US market.
• The company’s sales growth is expected to be lower than its long-term target.
• Chief Executive Officer Kevin Hourican attributed the lower growth outlook to consumer woes, including reduced restaurant spending.

Financial Performance

Sysco’s stock price has declined by approximately 4.87% in recent trading. The company has revised its guidance for fiscal 2026, with adjusted earnings growth and sales growth projected to be in the range of 3 to 5%.

Guidance Revision

The revised guidance for fiscal 2026 includes:

• Adjusted earnings growth: 3 to 5%
• Sales growth: 3 to 5%