Sysco (SYY) official guidance

For fiscal 2027, we remain on-target for the $100 million of in-year net cost savings previously introduced.

Sysco is targeting at least $500 million of AI powered efficiency savings to be realized by fiscal 2029.

Adjusted earnings per share of approximately $5.02 to $5.12, representing growth of approximately 9% to 11%; and

Net sales growth of approximately 6% to 7%, to approximately $90 billion;

CapEx to remain at approximately 0.8% of sales, or $720 million.

CapEx to remain at approximately 0.8% of sales, or $720 million.

A tax rate of approximately 23.7%-24.2%, and adjusted depreciation and amortization of approximately $850 million.

Specific to our dividend, our board of directors previously approved a $0.01 increase to our April dividend, which represents approximately 2% growth in our quarterly dividend on a go-forward basis to $0.55 per share.

We remain on target for shareholder returns through approximately $1 billion in dividends.

A tax rate of approximately 23.7%-24.2%, and adjusted depreciation and amortization of approximately $850 million.

All in, we are comfortable with an adjusted EPS range of $1.18-$1.20 for Q1.

Importantly, we are confident we can expand our gross profit margins in the coming year.

Mark, we'll continue to hire sales people for sure. We're at a point where we're balancing that with productivity. We're seeing significant productivity improvement. We want to strike the balance between those two, but we will absolutely have better or more growth in FY 2027 as well.

Adjusted interest expense of approximately $675 million, adjusted other expense of approximately $50 million.

Specific to volumes, we expect to deliver year-over-year local case growth of approximately 2.5% in USFS, driven by continued productivity gains with sales professionals based on improving tenure.

For the full fiscal 2027 year, we expect adjusted corporate expenses of approximately $900 million.

Adjusted interest expense of approximately $675 million, adjusted other expense of approximately $50 million.

Our international division will continue to post double-digit profit growth in 2027.

When coupled with our industry-leading dividend, we anticipate a year of double-digit TSR in fiscal 2027.

For fiscal 2027, we expect to deliver positive case volume growth for national contract customers, despite a macro foot traffic environment that remains challenged.