SYY
Sysco Corporation
September 14, 2026 · after-hours
- Rarity
- 2.01
- Peak move
- −5.12%
- Float cap
- $39.9B
Sysco Corporation is the global leader in selling, marketing and distributing food and related products to customers who prepare meals away from home. Its customers include restaurants, healthcare and educational facilities, lodging establishments, and entertainment venues. The company distributes frozen foods, fresh meats and produce, dairy, beverages, and non-food items such as paper products and kitchen equipment.
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What we found
9 events · 4 from SEC or newswire · 2 timed with the move- Timed with the move
acquisition_acquirerSysco filed audited and unaudited combined financial statements of Jetro Restaurant Depot (JRD Unico Inc. and Warehouse Realty, LLC) plus pro forma combined financials related to its March 30, 2026 merger agreement to acquire JRD, Warehouse Realty and affiliates, incorporated via an 8-K filed September 14, 2026 into its registration statement for the $29.1 billion deal.
- Timed with the move
shelf_registrationSysco filed an automatic shelf registration statement on Form S-3ASR covering an undetermined amount of equity and debt securities, with the common stock offering made via prospectus supplement under that shelf.
SECS-3ASR 0001104659-26-107527Webstockanalysis.com - Key event
equity_offeringSysco announced and priced a $1.0 billion common stock offering of 12,345,679 shares at $81.00 per share, a roughly 3% discount to the prior $83.54 close, with a 30-day underwriter option for up to $150 million more, intending to use net proceeds to partly fund its pending acquisition of Jetro Restaurant Depot, with Goldman Sachs and TD Securities as lead book-running managers and the offering expected to close September 16, 2026.
insider_saleSysco officer Ronald L. Phillips filed notice to sell 57 common shares at an average price of $84.32 on September 14, 2026 under a 10b5-1 plan, following 15,468 shares sold for $1.3 million in the prior three months.
SEC144 0001959173-26-006934- Key event
reg_fd_disclosureSysco filed a Form 8-K on September 14, 2026 to incorporate documents into a registration statement and prospectus tied to its previously announced merger with Jetro Restaurant Depot (JRD Unico Inc. and Warehouse Realty, LLC) under the March 30, 2026 merger agreement, a $29.1 billion deal expected to close in Q3 fiscal 2027 and financed partly with the equity offering plus roughly $21 billion of new and hybrid debt.
- Key event
guidance_changeSysco reaffirmed fiscal 2027 guidance of ~6-7% net sales growth to ~$90 billion and adjusted EPS of ~$5.02-$5.12, raised mid-term FY2028-2029 targets to 4-7% sales growth and 9-11% adjusted EPS growth, and introduced a $500 million AI-powered efficiency program.
buybackSysco paused its share repurchase programme to prioritise reducing leverage after the Jetro Restaurant Depot acquisition closes, targeting at least a 1.0x leverage reduction in the first 24 months post-close.
institutional_flowNational Pension Service raised its stake in Sysco Corporation by 5.9% during the second quarter, buying an additional 50,845 shares to hold 911,016 shares worth $76,143,000.
executive_appointmentSysco added two new board members, including a former CFO of Aramark and Compass Group and Jason Murray from an AI supply-chain technology company, and renamed its technology committee the AI transformation and technology committee.