Sysco to Acquire Jetro Restaurant Depot for $29.1 Billion

Sysco, the largest broadline food distributor in the US, has agreed to acquire Jetro Restaurant Depot, a leading cash-and-carry food wholesaler, for $29.1 billion, a deal the companies described as "transformative" for both organizations.

The March 30 announcement will see Sysco enter the "high-margin, growing, and resilient" cash-and-carry sector, creating a combined entity with nearly $100 billion in annual revenue and significant expansion opportunities.

Restaurant Depot operates 166 warehouse stores across 35 states, serving over 725,000 independent restaurants...

Sysco Posts Mixed Q1 Results, Reiterates Full-Year Guidance

Today, Sysco Corp. posted mixed results in the first quarter of fiscal 2026. Its report showed an increase in sales while several GAAP profitability measures slipped and adjusted results improved.

For the 13 weeks ended Sept. 27, 2025, sales increased 3.2% to $21.1 billion. Gross profit rose 3.9% to $3.9 billion and gross margin widened 13 basis points to 18.5%. Sysco said product cost inflation was about 3.4%, driven largely by meat and seafood.

GAAP operating income fell 1.0% to $800 million, while adjusted operating...

Sysco Delivers Strong Q4 and Solid FY 2025 Results

Sysco announced its fourth-quarter and full-year results Tuesday morning.

"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...