Sysco Raises Full Year Profit Forecast After Beating Second Quarter Earnings Estimates
Sysco Corporation reported second-quarter earnings that beat analyst expectations. The company raised its annual guidance following a recovery in demand.
Insights:
Sysco Corporation reported second-quarter adjusted earnings per share of 99 cents on January 27, 2026, beating the 98 cents expected by analysts. The distributor posted quarterly net sales of $20.76 billion, which was in line with market estimates. Following the announcement, shares of Sysco Corporationrose approximately 3.7% in premarket trading.
The company achieved a structural inflection point as U.S. Foodservice local case volume grew 1.2% during the quarter. This positive growth marks the third consecutive quarter of sequentially improving local case growth, according to Chief Executive Officer Kevin Hourican kevin hourican. Based on this momentum, Sysco Corporationraised its fiscal 2026 adjusted earnings per share guidance to the high end of its 5% to 7% growth range, or $4.50 to $4.60, up from the prior forecast of 1% to 3% growth.
