Sysco (NYSE: SYY) defends $29B Jetro buy while reaffirming 2026 guidance

Sysco CEO Kevin Hourican reaffirmed the company’s full-year adjusted EPS guidance for 2026, expecting to hit the high end of the $4.50-$4.60 range, despite mixed quarterly results. He defended the $29 billion acquisition of Jetro Restaurant Depot, emphasizing its complementary channel, day-one accretive nature, and significant pro forma benefits in revenue, EBITDA, and free cash flow. Hourican also addressed investor concerns about increased leverage, outlining plans for rapid deleveraging based on the significant cash flow generation from the combined entity.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin