While reporting financial results for the first quarter on Tuesday, food products distributor Sysco Corp. (SYY) maintained its adjusted earnings growth and sales growth guidance for the full-year 2026, based on a strong first quarter and trends observed in October.
For fiscal 2026, the company continues to project adjusted earnings of 1 to 3 percent to a range of $4.50 to $4.60 per share on sales growth of 3 to 5 percent to between $84 billion and $85 billion.
On average, analysts polled expect the company to report earnings of $4.56 per share on sales of $84.46 billion for the year. Analysts' estimates typically exclude special items.
The adjusted earnings guidance includes an approximate $100 million or $0.16 per share headwind from lapping lower incentive compensation in fiscal 2025. Excluding this impact, earnings per share growth is still expected to be approximately 5 to 7 percent.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.