Sysco Corporation (SYY) earnings on August 4, 2026

SYY price around the earnings

82.79

Change: -2.6%

Start of the measured window End of the measured window

80.68 82.50 84.33 86.15 84.98

August 4, 2026

Price: green if it ends above the starting price; red if it ends below
Start of the measured window
End of the measured window
Market open
Starting price

Price series around the event

Prior thesis

Prior outlook: Pessimistic Outcome: Accurate

Thesis published: 2026-08-04, 09:01 UTC
Results released: 2026-08-04, 12:03 UTC

Cautious outlook — food safety risk dominates

Experts are worried about a food safety issue (Cyclospora outbreak) that could hurt the company's reputation and sales, even though the company has a good track record of beating earnings expectations. The negative news and cautious analysts outweigh the positive past performance.

Context analyzed before publication

Summary: Cautious outlook — food safety risk dominates
Playbook: The stock has been falling as news of the outbreak spreads, and analysts have become more cautious. The price is under pressure from negative sentiment and weak technical indicators.
Trend: Expert opinion worsened sharply over recent days

Analysts

Drivers

Analysts Negative
A downgrade by Morgan Stanley and limited upside to the price target suggest analysts are not fully confident, despite a general buy rating.

Evidence

Analyst consensus: Buy
Consensus average (1-5): 2.31
Analysts covering the stock: 14
Average price target: 87.64
Lowest price target: 77
Highest price target: 100
Upside to price target: 3.1%
Quarterly earnings growth: -15.2%
Revenue growth: 4.7%
Forward EPS: 4.94
Trailing EPS: 3.6
Analyst moves in the last 60 days: 1

Strong buy: 1
Buy: 6
Hold: 8
Sell: 1
Strong sell: 0

Strong buy: 1
Buy: 6
Hold: 8
Sell: 1
Strong sell: 0

July 16, 2026 · Morgan Stanley: Maintains rating (Equal-Weight → Equal-Weight)

News and sentiment

Drivers

News & sentiment Negative
A Cyclospora outbreak across 41 states with over 4,000 cases and an FDA investigation into the lettuce supply creates significant headline risk as earnings approach.

Evidence

Sentiment

Sentiment: Constructive
Mention volume: High
Normalized volume: 99%

News

Sources (3)

Taylor Farms, Sysco Remove Mexico Iceberg Lettuce After FDA Traces Massive Cyclospora Outbreak to Taco Bell Supply Chain (opens in a new tab) — Benzinga
Taylor Farms Began Calling Customers Including Yum Brands, Sysco Yesterday To Pull Their Shredded Lettuce Out Of Distribution; Industry Source Said "I Think We Will Ultimately Find More Products, More Illnesses That Tie Back To Taylor Farms"; Lettuce That FDA Said In Advisory Late Thursday Came From 5-lb. Bags Produced At Taylor Farms' Facility In Guanajuato, Mexico (opens in a new tab) — Benzinga
Morgan Stanley Maintains Equal-Weight on Sysco, Raises Price Target to $88 (opens in a new tab) — Benzinga

Technicals

Drivers

Technical Negative
The stock's trend is weak, with little recent price movement and underperformance compared to the broader market. The outlook has deteriorated sharply in the last two days.

Evidence

Price when the context was analyzed: 84.89
Average true range (ATR): 2.4%
Distance to 52-week high: -5.2%
14-day change (14d): +5.1%
30-day change (32d): +0.1%
30-day relative strength: -1.7%
SPY change (32d): +1.7%
Nearest support: 84.5
Distance to nearest support: 0.5%
Nearest resistance: 85.74
Distance to nearest resistance: 1%
Volume accumulation ratio (14d / 46d): 0.87

Mid: 84.5 (0.5% away, 0.19 ATR, 25 touches)
Mid: 83.88 (1.2% away, 0.49 ATR, 29 touches)
Major: 82.97 (2.3% away, 0.93 ATR, 52 touches)

Mid: 85.74 (1% away, 0.41 ATR, 21 touches)
Mid: 86.51 (1.9% away, 0.79 ATR, 7 touches)
Minor: 87.22 (2.7% away, 1.13 ATR, 5 touches)

Trends

Evidence

Average earnings surprise: +2.5%

April 28, 2026: actual EPS 0.94 vs estimate 0.94 (surprise -0.4%)
January 27, 2026: actual EPS 0.99 vs estimate 0.98 (surprise +1.4%)
October 28, 2025: actual EPS 1.15 vs estimate 1.12 (surprise +2.6%)
July 29, 2025: actual EPS 1.48 vs estimate 1.39 (surprise +6.5%)

Expected move

Drivers

Past earnings Positive
The company has beaten earnings expectations 75% of the time with an average surprise of +2.5%, showing solid operational execution, but this is not enough to offset the headline risk.

Implied move: +1.6%
Source: Options chain

Reactions over its last 20 earnings

Median move: 2.6%
75th percentile move: 5.3%
90th percentile move: 6.7%
Up / down moves: 7 / 13
Average up move: +5.5%
Average down move: -2.3%

Monitoring and close

What Sysco Corporation reported

Status: Finished

Actual EPS	1.53
EPS estimate	1.51
EPS surprise	+1.3%
Revenue	$22,124 million
Revenue estimate	$21,938 million
Revenue surprise	+0.8%

Sysco keeps optimistic FY27 outlook after beating Q4 estimates. Post Holdings faces manufacturing costs and 9Lives headwinds. CDC expands cyclosporiasis outbreak to 15 states.

Sources (13)

Sysco Corporation 2026 Q4 - Results - Earnings Call Presentation (opens in a new tab) — SeekingAlpha
SYY Q4 Earnings Beat Estimates on Volume and Cost Gains (opens in a new tab) — Zacks
Sysco Exec Says Expect FY Adjusted Earnings Outlook Of $5.02 - $5.12 Per Share; Continued Pressure With National Restaurants Given Traffic Declines In FY27 (opens in a new tab) — Benzinga
Conference Call: Sysco Sees Q1 Adj EPS $1.18-$1.20 vs $1.19 Est (opens in a new tab) — Benzinga
Sysco (SYY) Reports Q4 Earnings: What Key Metrics Have to Say (opens in a new tab) — Yahoo
Sysco (SYY) Surpasses Q4 Earnings and Revenue Estimates (opens in a new tab) — Zacks
Sysco Sees Restaurant Orders Staying Strong, Lifts Outlook (opens in a new tab) — Benzinga
Sysco (NYSE:SYY) Posts In-Line Q4, But Fiscal 2027 Guidance Tops Consensus (opens in a new tab) — ChartMill
Sysco (NYSE:SYY) Beats Q2 CY2026 Sales Expectations (opens in a new tab) — StockStory
Sysco Sees FY2027 Adj EPS $5.03-$5.12 vs $4.93 Est; Sees Sales $89.626B-$90.472B vs $88.705B Est (opens in a new tab) — Benzinga
Sysco beat expectations in Q4: adjusted EPS of $1.53 versus $1.51 estimated, and revenue of $22.124 billion versus $21.938 billion. — Benzinga
Sysco Q4 Adj. EPS $1.53 Beats $1.51 Estimate, Sales $22.124B Beat $21.938B Estimate (opens in a new tab) — Benzinga
Sysco Reports Fiscal Fourth Quarter and Full Year 2026 Results; Issues FY27 Guidance of 9%-11% Adjusted EPS Growth (opens in a new tab) — Yahoo

Pre-market second reading after the results

Verdict: Beat expectations

Heading into the open, results beat expectations on both earnings and revenue, and the price is indicating +0.0% pre-market, a move below the stock's usual reaction (about 3%). The figures don't confirm the prior scenario: that move is too small to draw conclusions from.

How the stock reacted

Outcome: Accurate
Consolidated: -2.6%
Max favorable move (MFE): 5.3%
Max adverse move (MAE): 1.1%