Latest News - Sysco
Top Corporates Hub
Sysco
Billionaire Investor Dan Loeb’s Third Point Bought Stakes in Two Food Distributors in One Quarter — Here’s What’s Happening at Both
16.10.2026 07:32
Dan Loeb’s Third Point opens new stakes in Sysco and Performance Food Group worth a combined $123.5 million in second quarter.
Sysco Reaches Agreement with Teamsters Locals 630 and 848 to End Strike
16.10.2026 02:16
LOS ANGELES, Oct. 15, 2026 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY), the leading global foodservice distribution company, is pleased to announce that the company has reached a historic agreement with the International Brotherhood of the Teamsters Locals 630 and 848, representing warehouse colleagues and delivery partners, respectively. We recognize the disruption this situation has caused customers, colleagues and communities throughout the Los Angeles area, and we sincerely appreciate e
1 S&P 500 Stock with Solid Fundamentals and 2 We Avoid
14.10.2026 09:14
The S&P 500 (^GSPC) is often seen as a benchmark for strong businesses, but that doesn’t mean every stock is worth owning. Some companies face significant challenges, whether it’s stagnating growth, heavy debt, or disruptive new competitors.
Sysco Urges Teamsters Locals 630 and 848 to End Strike as Parties Agree Economic Terms
12.10.2026 04:31
Strike is not about wages, benefits or other economic terms; the sole unresolved issue is union-demanded language that could permit strikes at any time, disrupting essential deliveries across Los AngelesLOS ANGELES, Oct. 11, 2026 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY), the leading global foodservice distribution company, today called on Teamsters Locals 630 and 848 to end their strike at Sysco’s Los Angeles facility and finalize an agreement. The parties have agreed on fair, generous a
Why Income Investors May Want to Take a Closer Look at Sysco Stock
11.10.2026 12:33
Sysco Corporation (NYSE:SYY) operates a business that most people never consider but on which they depend every day. The company provides food and supplies to restaurants, hospitals, schools, hotels, and other types of institutions. The firm has established a strong position in the food distribution industry thanks to its wide distribution network and its long […]
Sysco (SYY) Closed $15.65 Billion Of Notes Offerings
08.10.2026 07:11
Sysco (NYSE:SYY) has closed multi billion dollar notes offerings in US dollars and euros to fund its Jetro Restaurant Depot acquisition. The completed financings are tied directly to the pending purchase of Jetro Restaurant Depot, signaling a major shift in Sysco's capital structure. The Jetro Restaurant Depot debt funding is a big move for Sysco's balance sheet, not the whole story for investors. We have also flagged 1 major warning sign for Sysco. To put this debt funded acquisition in...
Sysco (SYY) Closed $15.65 Billion Of Notes Offerings
08.10.2026 07:11
Sysco (NYSE:SYY) has closed multi billion dollar notes offerings in US dollars and euros to fund its Jetro Restaurant Depot acquisition. The completed financings are tied directly to the pending purchase of Jetro Restaurant Depot, signaling a major shift in Sysco's capital structure. The Jetro Restaurant Depot debt funding is a big move for Sysco's balance sheet, not the whole story for investors. We have also flagged 1 major warning sign for Sysco. To put this debt funded acquisition in...
Best Dividend Kings: September 2026
26.09.2026 07:45
Dividend Kings are underperforming SPY in September, with a -4.22% average return versus SPY's marginal gain.
Sysco Announces Closing of C$1.5 Billion Senior Notes Offering
25.09.2026 20:01
HOUSTON, Sept. 25, 2026 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) (“Sysco” or the “Company”) today announced that Sysco and Sysco Holdings Corporation, a Delaware corporation and wholly-owned subsidiary of Sysco (“Sysco Holdings” and, together with Sysco, the “Issuers”), have closed a public offering (the “Offering”) of C$1.5 billion in aggregate principal amount of senior notes consisting of the following securities: C$750 million in aggregate principal amount of 4.250% Senior Notes due
SYSCO DRIVERS IN WISCONSIN VOTE OVERWHELMINGLY TO JOIN TEAMSTERS
22.09.2026 17:37
Drivers at Sysco in Baraboo have voted overwhelmingly to join Teamsters Local 120. The 84 drivers organized to secure the strong wages, benefits, and workplace protections that Sysco Teamsters have won at the bargaining table across the country.
Sysco (SYY): Buy, Sell, or Hold Post Q2 Earnings?
22.09.2026 13:01
Sysco currently trades at $78.11 per share and has shown little upside over the past six months, posting a small loss of 4.3%. The stock also fell short of the S&P 500’s 16.2% gain during that period.
Sysco (SYY) Plans $1 Billion Common Stock Offering
16.09.2026 11:11
Sysco (NYSE:SYY) announced a US$1b common stock offering to finance its planned acquisition of Jetro Restaurant Depot. The equity raise is scheduled to close ahead of the Jetro Restaurant Depot deal and is not contingent on the transaction completing. Management said proceeds from the US$1b stock sale will be used primarily to support the Jetro Restaurant Depot purchase and related costs. The US$1b common stock financing for the Jetro Restaurant Depot acquisition reshapes Sysco's funding mix...
Sysco Announces Pricing of Common Stock Offering
15.09.2026 04:18
HOUSTON, Sept. 14, 2026 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) (“Sysco” or the “Company”) today announced the pricing of its previously announced public offering of 12,345,679 shares of its common stock (the “Offering”) at a price to public of $81.00 per share. The Offering is expected to close on September 16, 2026, subject to customary closing conditions. Sysco has granted the underwriters of the Offering a 30-day option to purchase up to an additional $150 million of shares of commo
Sysco Announces Pricing of Common Stock Offering
15.09.2026 04:18
HOUSTON, Sept. 14, 2026 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) (“Sysco” or the “Company”) today announced the pricing of its previously announced public offering of 12,345,679 shares of its common stock (the “Offering”) at a price to public of $81.00 per share. The Offering is expected to close on September 16, 2026, subject to customary closing conditions. Sysco has granted the underwriters of the Offering a 30-day option to purchase up to an additional $150 million of shares of commo
Is Mission Produce (AVO) Outperforming Other Consumer Staples Stocks This Year?
14.09.2026 13:40
Here is how Mission Produce, Inc. (AVO) and Sysco (SYY) have performed compared to their sector so far this year.
Will Sysco's $500M AI Push Support Its Higher Growth Targets?
10.09.2026 14:47
SYY targets at least $500 million in AI-powered savings by fiscal 2029 to support higher growth and improve operating efficiency.
Sysco Reaffirming Fiscal 2027 Guidance; Introducing $500 Million Multi-Year AI Powered Efficiency Program; Raising Mid-Term Financial Algorithm Targets
09.09.2026 10:01
HOUSTON, Sept. 09, 2026 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) (“Sysco” or the “Company”) is reaffirming its fiscal 2027 financial guidance (originally issued on August 4, 2026) ahead of the Company’s webcast presentation from the Barclays 19th Annual Global Consumer Staples Conference in Boston scheduled for today, Wednesday, September 9, at 12:00 p.m. ET. The live conference webcast can be accessed at investors.sysco.com. Re-affirming fiscal 2027 guidance including 9% to 11% adjusted
Sysco (SYY) Down 2.9% Since Last Earnings Report: Can It Rebound?
03.09.2026 15:30
Sysco (SYY) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Sysco (SYY) Could Be 9% Undervalued As AI Growth Plans Take Shape
03.09.2026 05:07
Sysco (SYY) has put artificial intelligence at the center of its next phase, targeting 6% to 7% fiscal 2027 sales growth and US$100 million in savings from AI enabled productivity projects. Sysco’s share price has eased in the past month, with a 30 day share price return of down 3.8%, although the 90 day share price return of 10.0% and year to date share price return of 12.6% point to improving momentum around the AI plan and the recent board refresh. Over a longer horizon, total shareholder...
Will Sysco’s (SYY) AI Push and Buyback Pause Reshape Its Capital Allocation and Growth Narrative?
03.09.2026 00:24
Sysco recently suspended its share repurchase plan, affirmed a quarterly cash dividend of US$0.55 per share for October 2026, and expanded its Board to 13 directors by adding AI- and finance-focused leaders Jason Murray and Tom Ondrof. The creation of an Artificial Intelligence Transformation & Technology Committee, meeting monthly with management, underscores Sysco’s intent to embed AI across operations to support its fiscal 2027 efficiency and earnings goals. We’ll now examine how Sysco’s...