Sysco Q1 2027 Sales Miss Estimates but Profit Rises and Full-Year Guidance Held

Sysco Corporation reported first-quarter fiscal 2027 results on November 3, 2026, posting sales of $21.7 billion, a 2.8% increase year over year but short of the $22.02 billion analyst consensus. Adjusted earnings per share came in at $1.19, just under the $1.20 estimate, while net earnings rose 10.5% to $526 million and adjusted net earnings grew 4.2% to $574 million.

Gross profit increased 3.8% to $4.1 billion, reflecting expanding margins despite the top-line miss. U.S. Foodservice case volume grew 2.6% against an estimate of 2.43%, and local case volume rose 2.7% versus a 2.55% expectation, with both volume metrics coming in ahead of forecasts. Adjusted operating income grew 3.2% to $927 million, though reported operating income fell 10.4% to $717 million, partly reflecting costs excluded from the adjusted figure.

Sysco reiterated its full-year fiscal 2027 guidance for adjusted EPS growth of 9% to 11%, signaling confidence in its volume trajectory and cost discipline despite the revenue shortfall. The stock underperformed its peers on Tuesday, the day results were released. The earnings call included commentary from CEO and Chairman Kevin Hourican and Interim CFO Brandon Sewell.