Short answer
Sysco (SYY) filed its Q1 2026 10-Q quarterly report on Apr 29, 2026 for the quarter ended Mar 28, 2026. Quarterly revenue was $20.5B (up 4.7% year over year) with net income of $340M.
Q1 2026 key financials · XBRL
- Revenue
- $20.5B
- +4.7% YoY · −1.2% QoQ
- Net income
- $340M
- −15.2% YoY · −12.8% QoQ
- Operating margin
- 3.0%
- Gross margin
- 18.6%
- EPS (diluted)
- $0.71
- −13.4% YoY · −12.3% QoQ
Source: XBRL data from the Sysco (SYY) Q1 2026 10-Q on SEC EDGAR. USD.
Sysco Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $20.5B, up 4.7% or $921M YoY, driven by volume improvements
- Operating margin 3.0% vs 3.5% YoY; net margin 1.7% vs 2.0%
- International Foodservice best sales growth, up 12.4% to $3.885B; operating margin 2.1% vs 2.8%
- Global Support Center worst operating loss, $(261)M vs $(183)M YoY
- Fourth-quarter local case growth expected at least 2.5%; restaurant foot traffic down 1.9% and consumer sentiment pressured
Risk Factors
- Newly added transaction risk: March 30, 2026 merger agreement creates completion uncertainty and potential business disruption
- Regulatory risk: Hart-Scott-Rodino waiting-period clearance required before transaction completion
- Legal risk: $1.164 billion termination fee potentially payable if proposed transaction fails under specified circumstances
- Operational risk: pending transaction uncertainty may impair employee retention and customer, supplier, and vendor relationships
- Financial risk: transaction-related financing, advisory, legal, accounting, and printing costs remain payable even if transaction fails
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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