Sysco

Sysco completed a $1 billion share placement, selling 12,345,679 common shares at $81.00 each; the offering was multiple times oversubscribed. The ten largest investors purchased more than 50% of the shares, the 25 largest about 80%. Sysco granted the syndicate banks a 30‑day option for overallotments of up to $150 million, intends to use part of the net proceeds to finance the acquisition of Jetro Restaurant Depot and does not condition the placement closing on the acquisition; the transaction is scheduled to close on 16 September 2026. » More on de.investing.com

Sysco has placed a public offering of 12,345,679 common shares at $81.00 per share, with expected closing on September 16, 2026. The syndicate banks were granted a 30-day option to subscribe for additional shares worth up to $150 million at the same price. Net proceeds are to be used in part to finance the planned acquisition of Jetro Restaurant Depot; the offering is not conditioned on the closing of the acquisition. » More on de.investing.com

Sysco plans a $1.0 billion equity raise through the issuance of new common shares to partly finance the takeover of Jetro Restaurant Depot, with a 30-day overallotment option for the syndicate banks of up to $150 million. The measure risks significant dilution of existing shareholders because the placement will proceed regardless of whether the transaction closes. After the announcement the stock fell 3.7% in after-hours trading to $80.49, well below the prior close and closer to the 52-week low. The report says the price decline was self-inflicted and not explained by general market movements. » More on de.investing.com

Sysco confirmed its fiscal 2027 outlook (revenue +6–7%, EPS +9–11%) and raised its medium‑term targets, supported by an AI transformation program expected to boost the operating margin by USD 500m by 2029. The company plans to acquire Jetro Restaurant Depot, which would expand its local business by 1.5x, materially increase near‑term revenue, EBITDA and free cash flow, and is expected to be accretive within one year. Share buybacks will be suspended during the debt reduction phase, while the dividend is to be further increased; Sysco targets a reduction in net leverage from 4.5x to 3.5x within 24 months. » More on de.investing.com

The board of Sysco has declared a quarterly cash dividend of $0.55 per share. The payment date is October 23, 2026, and the record date for the share register is October 2, 2026. Sysco reported revenue of more than $84 billion for fiscal 2026 and operates 333 distribution centers in 10 countries. » More on de.investing.com