Sysco Acquires Jetro Restaurant Depot for $29.1 Billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 51 minutes ago
0mins
Should l Buy SYY?
Source: NASDAQ.COM
- Acquisition Overview: Sysco Corp. announced its agreement to acquire Jetro Restaurant Depot for an enterprise value of approximately $29.1 billion, providing Jetro shareholders with $21.6 billion in cash and 91.5 million Sysco shares, demonstrating Sysco's commitment to expanding in the food wholesale market.
- Financial Outlook: Sysco maintains its fiscal 2026 sales growth outlook at 3% to 5%, with adjusted earnings per share expected to be at the high end of $4.50 to $4.60, indicating strong confidence in future performance.
- Earnings Accretion: The company expects the transaction to be mid to high single-digit accretive to earnings per share in the first year post-close, and low to mid-teens accretive in the second year, enhancing profitability and competitive positioning.
- Market Entry Strategy: With this acquisition, Sysco will enter the high-margin, rapidly growing Cash & Carry channel, as Jetro Restaurant Depot generated around $16 billion in revenue and approximately $2.1 billion in EBITDA for 2025, showcasing strong market potential and a stable growth trajectory.
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Analyst Views on SYY
Wall Street analysts forecast SYY stock price to rise
10 Analyst Rating
5 Buy
5 Hold
0 Sell
Moderate Buy
Current: 82.640
Low
80.00
Averages
87.56
High
98.00
Current: 82.640
Low
80.00
Averages
87.56
High
98.00
About SYY
Sysco Corporation is engaged in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. It also supplies a variety of non-food items. Its segments include U.S. Foodservice Operations, International Foodservice Operations, SYGMA and Other. U.S. Foodservice Operations segment includes United States Broadline operations and United States Specialty operations. International Foodservice Operations include operations outside of the United States. SYGMA segment includes its United States customized distribution operations serving quick-service chain restaurant customer locations. Other segment includes primarily its hotel supply operations, Guest Worldwide. It distributes various products, such as frozen foods, fresh meats and seafood, dairy products, beverage products, imported specialties, and fresh produce. It operates around 340 distribution facilities worldwide.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
SYSCO and JETRO Restaurant Depot Shareholders Set to Receive $21.6 Billion in Cash and 91.5 Million SYSCO Shares
Cash Distribution: Shareholders of Sysco Corporation are set to receive a total of $21.6 billion in cash.
Shareholder Benefits: In addition to the cash distribution, shareholders will also receive 91.5 million shares of Sysco stock.
See More
SYSCO'S $29.1 BILLION ACQUISITION OF RESTAURANT DEPOT INCLUDES DEBT - WSJ
- Deal Overview: SYSCO has finalized a deal for a restaurant depot valued at $29.1 billion, which includes debt considerations.
- Financial Implications: The transaction reflects significant financial maneuvering, indicating SYSCO's strategic investment in the restaurant sector.
See More
Restaurant Depot Shareholders Set to Receive $21.6 Billion in Cash and 91.5 Million Shares of Sysco, According to WSJ
Cash Distribution: Restaurant Depot shareholders are set to receive $21.6 billion in cash as part of a financial distribution.
Share Allocation: In addition to cash, shareholders will also receive 91.5 million Sysco shares as part of the deal.
See More
SYSCO ACQUIRES RESTAURANT DEPOT FOR $29 BILLION, REPORTS WSJ
- Acquisition Announcement: Sysco is set to acquire Restaurant Depot in a deal valued at $29 billion.
- Market Impact: This acquisition is expected to significantly impact the food distribution market and enhance Sysco's service offerings.
See More
Sysco Corporation Unveils Key Updates at New York Conference
- Transformative Deal: Sysco Corporation has announced a $29 billion transformative deal with Jetro Restaurant Depot, which is expected to significantly enhance its market share and solidify its leadership position in the foodservice supply chain.
- Executive Appointment: Sysco has appointed Brandon Sewell as interim CFO, a move aimed at ensuring financial stability and supporting future strategic developments within the company.
- Investor Conference Highlights: At the 2026 Consumer Analyst Group of New York Conference, Sysco showcased its growth strategies and market positioning, emphasizing its innovative capabilities and adaptability in the food distribution sector.
- Financial Outlook: Sysco provided an optimistic outlook for the upcoming fiscal quarter during the conference, anticipating revenue growth that reflects the company's positive performance amid economic recovery and rising market demand.
See More
Sysco Acquires Jetro Restaurant Depot for $29.1 Billion
- Acquisition Overview: Sysco Corp. announced its agreement to acquire Jetro Restaurant Depot for an enterprise value of approximately $29.1 billion, providing Jetro shareholders with $21.6 billion in cash and 91.5 million Sysco shares, demonstrating Sysco's commitment to expanding in the food wholesale market.
- Financial Outlook: Sysco maintains its fiscal 2026 sales growth outlook at 3% to 5%, with adjusted earnings per share expected to be at the high end of $4.50 to $4.60, indicating strong confidence in future performance.
- Earnings Accretion: The company expects the transaction to be mid to high single-digit accretive to earnings per share in the first year post-close, and low to mid-teens accretive in the second year, enhancing profitability and competitive positioning.
- Market Entry Strategy: With this acquisition, Sysco will enter the high-margin, rapidly growing Cash & Carry channel, as Jetro Restaurant Depot generated around $16 billion in revenue and approximately $2.1 billion in EBITDA for 2025, showcasing strong market potential and a stable growth trajectory.
See More
SYSCO and JETRO Restaurant Depot Shareholders Set to Receive $21.6 Billion in Cash and 91.5 Million SYSCO Shares
Cash Distribution: Shareholders of Sysco Corporation are set to receive a total of $21.6 billion in cash.
Shareholder Benefits: In addition to the cash distribution, shareholders will also receive 91.5 million shares of Sysco stock.
See More
SYSCO'S $29.1 BILLION ACQUISITION OF RESTAURANT DEPOT INCLUDES DEBT - WSJ
- Deal Overview: SYSCO has finalized a deal for a restaurant depot valued at $29.1 billion, which includes debt considerations.
- Financial Implications: The transaction reflects significant financial maneuvering, indicating SYSCO's strategic investment in the restaurant sector.
See More
Restaurant Depot Shareholders Set to Receive $21.6 Billion in Cash and 91.5 Million Shares of Sysco, According to WSJ
Cash Distribution: Restaurant Depot shareholders are set to receive $21.6 billion in cash as part of a financial distribution.
Share Allocation: In addition to cash, shareholders will also receive 91.5 million Sysco shares as part of the deal.
See More
SYSCO ACQUIRES RESTAURANT DEPOT FOR $29 BILLION, REPORTS WSJ
- Acquisition Announcement: Sysco is set to acquire Restaurant Depot in a deal valued at $29 billion.
- Market Impact: This acquisition is expected to significantly impact the food distribution market and enhance Sysco's service offerings.
See More
Sysco Corporation Unveils Key Updates at New York Conference
- Transformative Deal: Sysco Corporation has announced a $29 billion transformative deal with Jetro Restaurant Depot, which is expected to significantly enhance its market share and solidify its leadership position in the foodservice supply chain.
- Executive Appointment: Sysco has appointed Brandon Sewell as interim CFO, a move aimed at ensuring financial stability and supporting future strategic developments within the company.
- Investor Conference Highlights: At the 2026 Consumer Analyst Group of New York Conference, Sysco showcased its growth strategies and market positioning, emphasizing its innovative capabilities and adaptability in the food distribution sector.
- Financial Outlook: Sysco provided an optimistic outlook for the upcoming fiscal quarter during the conference, anticipating revenue growth that reflects the company's positive performance amid economic recovery and rising market demand.
See More
Sysco Acquires Jetro Restaurant Depot for $29.1 Billion
- Acquisition Overview: Sysco Corp. announced its agreement to acquire Jetro Restaurant Depot for an enterprise value of approximately $29.1 billion, providing Jetro shareholders with $21.6 billion in cash and 91.5 million Sysco shares, demonstrating Sysco's commitment to expanding in the food wholesale market.
- Financial Outlook: Sysco maintains its fiscal 2026 sales growth outlook at 3% to 5%, with adjusted earnings per share expected to be at the high end of $4.50 to $4.60, indicating strong confidence in future performance.
- Earnings Accretion: The company expects the transaction to be mid to high single-digit accretive to earnings per share in the first year post-close, and low to mid-teens accretive in the second year, enhancing profitability and competitive positioning.
- Market Entry Strategy: With this acquisition, Sysco will enter the high-margin, rapidly growing Cash & Carry channel, as Jetro Restaurant Depot generated around $16 billion in revenue and approximately $2.1 billion in EBITDA for 2025, showcasing strong market potential and a stable growth trajectory.
See More
