Sysco Corporation has posted impressive second-quarter fiscal 2026 results with earnings of 99 cents per share, exceeding expectations, while sales rose to $20.8 billion, up 3% year over year. The company generated strong cash flow of $611 million and maintains a healthy cash position of $1.2 billion, despite a slight decline in net income. Additionally, Sysco's drivers and warehouse workers ratified a significant five-year labor agreement that includes a 33% wage increase, reflecting a commitment to workforce compensation. Following these results, Sysco has raised its full-year profit outlook and continues its trajectory as a leader in global food distribution.
“Sysco Corporation · delivered · Q2 fiscal 2026 results · top and bottom lines increased year over year”
“Sysco Corporation · adjusted earnings per share · 99 cents · surpassed the Zacks Consensus Estimate of 98 cents”
“Sysco Corporation · reported sales · $20.8 billion · moved up 3% year over year”
“Sysco Corporation · gross profit rose · $3.8 billion · 3.9%”
“Sysco Corporation · exited the quarter with cash · $1.2 billion · in cash and cash equivalents”
“Sysco Corporation · generated · $611 million · in operating cash flow”
“Sysco Corporation · management expects adjusted earnings per share · at the high end · of its previously issued guidance range of $4.50-$4.60 for fiscal 2026”
“Sysco Corporation · has a Zacks Rank · #3 · (Hold)”
“Sysco Corp · increased its dividends for · more than 50 consecutive years · 50”
“Sysco Corp · reported sales increased · 3% YOY · 3%”
“Sysco Corp · current forward annual dividend is · $2.16 · $2.16”
“Sysco Corp · has a yield of · approximately 2.4% · 2.4%”
