Sysco Announces Common Stock Offering
The company plans to raise $1 billion via equity sales to fund its pending acquisition of Jetro Restaurant Depot.
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Global foodservice distribution company
sysco.comLast updated
In short: Sysco reaffirmed its fiscal 2027 guidance and progressed with its $29 billion acquisition of Restaurant Depot amid an AI-driven expansion.
The company plans to raise $1 billion via equity sales to fund its pending acquisition of Jetro Restaurant Depot.
In a podcast with Restaurant Business Online, Kevin Hourican reassured constituents about the planned Jetro Restaurant Depot acquisition, citing no economic incentive for price increases.
Adjusted operating income rose 2.6% to $3.6B, adjusted EPS increased 3.4% to $4.61, and local volumes grew across US and international segments.
The award recognizes Sysco's enterprise-wide AI application SAGE that enhances supply chain, sales, and e-commerce.
Sysco Corporation (SYY) filed a Current Report on Form 8-K with the U.S. Securities and Exchange...
Sysco Corp.'s dividends-received deduction is limited to directly held stock, the US Tax Court said, rejecting the food service giant's arguments and applying its earlier...
--Sysco Corporation today announced the pricing of its previously announced public offering of...
Sysco used its Barclays Global Consumer Staples Conference presentation to outline a set of operational and financial ...
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