SYYNYSEWholesale-Groceries & Related ProductsUS GAAP · USD

Sysco Corporation

Sysco Corp. is a U.S.-based foodservice distribution company that supplies food and related non-food products to restaurants and other away-from-home dining venues. Through its operating segments, it serves customers across the United States and international markets with broadline distribution, customized chain-restaurant distribution, and hotel supply operations.

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Revenue84.6bn USD
+3.9 %y/y
Operating profit (EBIT)3,095m USD
+0.2 %y/y
EBIT margin3.7%
−0.1 ppy/y
Net income1,757m USD
−3.9 %y/y
Free cash flow1,938m USD
+20.8 %y/y

Fiscal year 2026 · change from previous year

Development 2021–2026

020406080100bn USD2021: 51.3 bn USD2021: EBIT 1.4 bn USD20212022: 68.6 bn USD2022: EBIT 2.3 bn USD20222023: 76.3 bn USD2023: EBIT 3.0 bn USD20232024: 78.8 bn USD2024: EBIT 3.2 bn USD20242025: 81.4 bn USD2025: EBIT 3.1 bn USD20252026: 84.6 bn USD2026: EBIT 3.1 bn USD202684.63.1
RevenueOperating profit (EBIT)
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Business

Share of revenue
Food products70 %

Frozen, canned, dry, fresh, dairy, produce, seafood, and beverage items distributed to foodservice customers.

Non-food supplies15 %

Paper goods, tableware, cookware, cleaning supplies, and other restaurant operating items.

Customized chain distribution10 %

Dedicated distribution services for quick-service and other chain restaurant locations.

Hospitality and other supply5 %

Hotel, lodging, and other foodservice-related supply operations including Guest Worldwide.

Products

Reported · share of revenue
20.2%17.8%15.0%9.8%9.4%27.9%FY2026100 %
  • Fresh and Frozen Meats120.2 %
  • Canned and Dry Products117.8 %
  • Frozen Fruits Vegetables Bakery and Other115.0 %
  • Dairy Products19.8 %
  • Poultry19.4 %
  • Other27.9 %

Source: 10-K FY2026, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.

Customers

Sysco sells primarily to food-away-from-home operators that need regular replenishment, broad product assortment, and dependable delivery. Its customer base includes independent and chain restaurants, healthcare and education facilities, hotels, and other venues where meals are prepared and served. The company also supports customers with ancillary services such as product usage reports, menu planning, food safety training, and inventory control.

Restaurants

Independent and chain restaurants buy broadline food and non-food supplies for daily menu execution and replenishment.

Education and government

Schools, colleges, and public-sector food programs buy institutional foodservice products and supplies.

Healthcare

Hospitals and skilled nursing facilities buy food and operating supplies for patient and resident meals.

Travel and leisure

Hotels, motels, and related venues buy foodservice products for guest dining and catering.

Other foodservice venues

Caterers, cafeterias, and similar operators buy a mix of food, supplies, and logistics support.

Strategy

Sysco’s strategy centers on using its distribution network, purchasing scale, and sales force to serve a wide range of foodservice customers with reliable delivery and broad assortment. The company also emphasizes Sysco-branded products, digital and operational tools, and selective acquisitions to deepen customer relationships and expand reach.

Grow Sysco-branded product penetrationMedium term

Branded products support differentiation and can improve customer loyalty through a broader assortment.

Strengthen distribution and logistics executionShort term

Foodservice customers value dependable, timely delivery and broad product availability.

Expand customer services and analyticsMedium term

Value-added services make the company more embedded in customer operations and harder to replace.

Use acquisitions to extend market reachLong term

Acquisitions can add geography, customer relationships, and specialized capabilities.

Geography

Sysco operates in the United States and internationally, with U.S. Foodservice Operations representing the largest share of sales and operating income. Its international foodservice business and customized distribution operations add geographic reach and expose the company to multiple currencies, local demand patterns, and supply-chain conditions.

Risks

Sysco faces intense competition and low switching costs in foodservice distribution, which can pressure pricing and customer retention. Its operations are also exposed to cybersecurity, technology, inflation, and supply-chain risks because the business depends on large-scale logistics, data systems, and continuous product availability.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Competitive pricing pressure and low switching costs1Inflation and deflation in product costs2Cybersecurity incidents and data breaches3Supply-chain and logistics disruption4Technology and AI implementation risk5
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Competitive pricing pressure and low switching costsImpact: HighLikelihood: High

    Customers can buy from multiple distributors and channels, so service and price are constantly tested.

    Exposure: Foodservice distribution

  2. Inflation and deflation in product costsImpact: HighLikelihood: Medium

    Product cost swings can affect selling prices, gross profit, and customer demand.

    Exposure: Food and non-food distribution

  3. Cybersecurity incidents and data breachesImpact: HighLikelihood: Medium

    The company relies on technology systems for ordering, logistics, and customer data.

    Exposure: Enterprise systems and third-party providers

  4. Supply-chain and logistics disruptionImpact: HighLikelihood: Medium

    Service depends on warehouse operations, transportation, and product availability.

    Exposure: Distribution network

  5. Technology and AI implementation riskImpact: MediumLikelihood: Medium

    Automation and AI are used in inventory, routing, and analytics, creating model and control risk.

    Exposure: Operations and supply chain

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Accounting

Judgemental items
Goodwill and intangible assets

Acquired brands and customer relationships require impairment testing and may be amortized or written down.

Impact: Can materially affect operating income and equity

Income taxes

Tax estimates depend on jurisdiction mix, deductions, and uncertain positions.

Impact: Can change effective tax rate and net earnings

Company-sponsored pension plans

Discount rates, asset returns, and actuarial assumptions affect obligations and expense.

Impact: Can move liabilities and periodic pension cost

Seasonality and working capital

Foodservice distribution has timing differences in sales, inventory, receivables, and payables across quarters.

Impact: Can distort quarter-to-quarter cash flow and margin comparisons

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Last updated: 24/09/2026