Why did Sysco miss its quarterly sales estimates, and what was the reported figure?

Sysco missed its quarterly sales estimates due to weakening restaurant demand for packaged food, as price-conscious consumers cut back on eating out; its sales for the quarter ended March 28 were $20.52 billion, below analysts' average estimate of $20.57 billion, according to data compiled by LSEG.

What did Sysco report for adjusted earnings per share, gross margin, and its full-year 2026 earnings forecast?

Sysco posted adjusted earnings of 94 cents per share—inline with analysts' expectations—while gross margin rose 31 basis points to 18.6%, driven by volume growth, sourcing efficiencies, and pricing actions despite 2.8% product cost inflation in dairy, meat, and seafood; the company reaffirmed its full-year 2026 adjusted EPS forecast at the high end of its prior range of $4.50 to $4.60.

Food distributor Sysco misses quarterly sales estimates as dining-out demand cools

Apr 28, 2026

Sysco missed Q3 sales estimates at $20.52 billion due to cooling dining-out demand and rising costs in dairy and meat. It maintained its annual profit forecast and recently agreed to acquire Jetro Restaurant Depot for $29 billion.

reuters

2026-04-28

Food distributor Sysco misses quarterly sales estimates as dining-out demand cools

Food distributor Sysco misses quarterly sales estimates as dining-out demand cools

FAQ