Sysco (SYY) Q2 2026 Earnings Call Transcript

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Tuesday, Jan. 27, 2026 astatine 10 a.m. ET

• Chair of the Board and Chief Executive Officer — Kevin Hourican

• Chief Financial Officer — Kenny Chung

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Kevin Kim: Good morning, everyone, and invited to Sysco's 2nd 4th fiscal twelvemonth 20 six earnings. On today's call, we person Kevin Hourican, our Chair of the Board and CEO and Kenny Chung, our CFO. Before we begin, delight enactment that statements made during this presumption that authorities the company's oregon management's intentions, beliefs, expectations, oregon predictions of the aboriginal are guardant looking statements wrong the meaning of the Private Securities Litigation Reform Act, and existent results could disagree successful a worldly manner. Additional accusation astir factors that could origin results to disagree from those successful the guardant looking statements is contained successful the company's SEC filings.

This includes, but is not constricted to, hazard factors contained successful our yearly study connected Form 10-K, which for the twelvemonth ended 06/28/2025 to consequent SEC filings and the quality merchandise issued earlier this morning. A transcript of these materials tin beryllium recovered successful the investors conception astatine sysco.com. Non-GAAP fiscal measures are included successful our comments contiguous and successful our presumption slides. The reconciliation of these non-GAAP measures to the corresponding GAAP measures is included astatine the extremity of the presumption slides and tin besides beryllium recovered successful the Investors conception of our website. During the treatment today, unless different stated, each results are compared to the aforesaid 4th successful the anterior year.

To guarantee we person capable clip to reply each questions, I'd similar to inquire each subordinate to bounds their clip contiguous to 1 question. If you person a follow-up question, delight reenter the queue. At this time, I'd similar to crook the telephone implicit to Kevin Hourican.

Kevin Hourican: Good morning, everyone, and convey you for joining america today. I americium pleased to study that Sysco delivered beardown results successful the 2Q 2026. Our results were enabled by improving lawsuit measurement trends, strengthening gross borderline show and disciplined disbursal management. Given the beardown commencement to the year, we present expect afloat twelvemonth adjusted EPS to beryllium astatine the precocious extremity of our antecedently provided yearly guidance scope of $4.50 to $4.60. We are delivering sequential betterment successful our business, mounting the signifier for further momentum successful the 2nd fractional of the fiscal year.

During our telephone today, we volition stock insights into the advancement that we are making, supply colour connected each large concern segment, we volition sermon the outer concern situation and we volition item advancement connected prime maturation initiatives. After my remarks, Kenny volition item our fiscal results; helium volition stock wherefore we are assured successful our quality to present adjusted EPS astatine the precocious extremity of our guidance range. Let's leap into our concern results starting connected Slide four. Our Q2 show exceeded our antecedently communicated targets for U.S. Foodservice section measurement and adjusted net per share. Sysco delivered astir $21,000,000,000 of full revenue, a maturation complaint of 3% versus the anterior year.