Sysco

SYY

Market cap $34.8B

Sysco is transforming into a comprehensive foodservice powerhouse with its $29B acquisition of Jetro Restaurant Depot, despite a 20% stock correction. SYY expects the deal to boost revenue by 20%, deliver $250M in annual synergies within three years, and be accretive to EPS in year one. Shares now trade at under 16x FY26 earnings, offering a defensive, value-oriented entry point at a significant discount to the S&P 500.

Sysco Corporation (NYSE:SYY) stock took a hit when the company announced a $29.1 billion deal to acquire Restaurant Depot on March 30.

HOUSTON, April 07, 2026 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) will host a conference call and webcast to discuss its third quarter fiscal year 2026 financial results at 10 a.m. ET on Tuesday, April 28, 2026.

SYY's $29.1 billion Jetro deal pushes it into cash-and-carry, with synergies, EPS accretion and stronger free cash flow boosting growth.

These stocks saw significant declines in the month.

Sysco (NYSE:SYY) shares are down 16.16% since Friday's close after the company announced a $29.1 billion acquisition of Jetro Restaurant Depot.

Sysco Corporation (SYY) M&A Call Transcript

Sysco chairman and CEO Kevin Hourican joins 'Squawk Box' to discuss details of the $29 billion deal to acquire Jetro Restaurant Depot, company growth outlook, and more.

Foodservice distributors navigate a $400 billion U.S.

Sysco Corp. is acquiring Jetro Restaurant Depot LLC for $29.1 billion from billionaire Nathan "Natie" Kirsh. The deal will create one of the largest food-service groups in the US.