Sysco has reaffirmed its fiscal 2027 outlook while raising its mid-term growth targets, backed by a new $500 million AI-powered efficiency program designed to reduce structural costs over the next three years. The company continues to expect 9% to 11% growth in adjusted earnings per share in fiscal 2027 on a 53-week basis, with net sales growth of approximately 6% to 7% to about $90 billion. For fiscal 2028 and 2029, Sysco raised its mid-term outlook for net sales growth to approximately 4% to 7%, up from 4% to 6% previously, and increased its adjusted EPS growth target to 9% to 11%, up from 6% to 8%. The company also introduced the $500 million AI-powered efficiency program to remove structural costs across the next three fiscal years, while remaining on target for the $100 million of in-year net cost savings previously announced for fiscal 2027. Sysco said the combination of AI-enabled cost savings and underlying business performance should support stronger earnings growth over the three-year period.
Sysco CorporationSysco raised mid-term growth targets and announced a $500M AI efficiency program to cut costs, boosting earnings outlook.
