Sysco Reports Fourth Quarter and Full Year 2025 Results; Introduces FY26 Guidance; Kevin Hourican and Kenny Cheung Comment

HOUSTON, TX - Sysco Corporation announced financial results for its 13-week fourth fiscal quarter and its fiscal year ended June 28, 2025.

Key financial results for the fourth quarter of fiscal year 2025 include the following (comparisons are to the same period in fiscal year 2024):

• Sales increased 2.8%; U.S. Foodservice volume decreased 0.3%;
• Gross profit increased 3.9% to $4.0 billion;
• Operating income decreased 9.0% to $889 million, and adjusted operating income increased 1.1% to $1.1 billion;
• Net earnings decreased 13.2% to $531 million, and adjusted net earnings increased 3.3% to $716 million;
• EBITDA decreased 6.5% to $1.1 billion, and adjusted EBITDA increased 1.8% to $1.3 billion; and
• EPS3 decreased 10.6% to $1.10, and adjusted EPS1 increased 6.5% to $1.48.

“Sysco's Q4 results exceeded expectations, as improved financial outcomes were driven by Sysco-specific initiatives and improved restaurant industry traffic. Specific to our business, USFS local volumes improved sequentially by 200 bps, including a strong exit rate in June. Importantly, drivers of our progress accelerated during the quarter, with the momentum continuing in July, an encouraging signal as we begin the next fiscal year of profitable growth,” said Kevin Hourican, Sysco’s Chair of the Board and Chief Executive Officer, in a press release.

“Building on our sales and adjusted EPS growth in FY25, we expect sales growth of approximately 3% to 5% to approximately $84 billion to $85 billion and adjusted EPS growth of approximately 1% to 3% to approximately $4.50 to $4.60 in FY26. This includes an approximate $100 million ($0.16 per diluted share) headwind from lapping lower incentive compensation in fiscal 2025. Excluding this impact, our outlook reflects EPS growth of approximately 5% to 7%, with the midpoint in-line with our long-term algorithm. Our teams are focusing on operational execution in the backdrop of continued macro uncertainties. We also plan to reward our shareholders with approximately $1 billion in dividends and approximately $1 billion in share repurchases for FY26,” said Kenny Cheung, Sysco’s Chief Financial Officer.

View the report in its entirety here.