Sysco Corporation is reaffirming its fiscal 2027 financial guidance and introducing a $500 million multi-year AI-powered efficiency program, while raising its mid-term financial targets for fiscal 2028 and 2029. The company, which generated sales of more than $84 billion in fiscal 2026, expects net sales growth of approximately 6% to 7% to about $90 billion in fiscal 2027, with adjusted earnings per share of $5.02 to $5.12, representing growth of 9% to 11% on a 53-week basis. The AI program, which builds on $100 million of expected in-year savings already included in fiscal 2027 guidance, aims to remove structural costs across truck routing, merchandising, and sales, targeting at least $500 million in savings by fiscal 2029. As a result, Sysco has raised its mid-term growth algorithm to net sales growth of 4% to 7% (previously 4% to 6%) and adjusted EPS growth of 9% to 11% (previously 6% to 8%) for fiscal 2028 and 2029. CEO Kevin Hourican said the savings reflect a durable change in daily operations and position Sysco to delever quickly after the expected closure of the Jetro Restaurant Depot transaction by the third quarter of fiscal 2027.
Sysco CorporationSysco reaffirms fiscal 2027 guidance and raises mid-term targets, with AI program expected to drive savings and EPS growth.
