Sysco Calls $29B Restaurant Depot Deal “Transformational,” Eyes EPS Accretion and $250M Synergies [Yahoo! Finance]
Sysco Corporation (SYY)
Last sysco corporation earnings: 2/3 08:00 am
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Source: Yahoo! Finance
deal “transformational” as it adds a nationwide cash-and-carry channel with 166 stores, ~725,000 customers and an estimated $60–70 billion addressable market that complements Sysco's delivery business. Management expects the transaction to be accretive to EPS (mid- to high-single-digit in year one, low- to mid-teens in year two), boost pro forma revenue ~20%, adjusted EBITDA ~45% and free cash flow ~55%, and to generate about $250 million of annualized cost synergies within three years (no revenue synergies modeled). Sysco will fund the cash portion with cash on hand and new debt, pushing leverage to roughly 4.5x post-close; the company will pause buybacks, prioritize at least a 1x deleveraging within 24 months while maintaining its dividend, and Restaurant Depot shareholders would own about 16% of Sysco with two directors joining the board. Interested in Sysco Corporation? Here are five stocks we like better. 3 Defensive Stock Alternatives to Bonds If Interest Rates Drop Sy
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SYY
News
- Sysco expands into high-margin restaurant segment with US$29 billion deal [BNN Bloomberg (Canada)]BNN Bloomberg
- Sysco expands into high-margin restaurant segment with $29 billion deal [Yahoo! Finance Canada]Yahoo! Finance Canada
- Sysco shares fall premarket as company announces $29 billion acquisition of Jetro Restaurant Depot [Yahoo! Finance]Yahoo! Finance
- Infographic: Sysco enters high-margin cash & carry segment via landmark $29.1B acquisition [Seeking Alpha]Seeking Alpha
- Sysco to Acquire Jetro Restaurant Depot to Expand into Higher-Margin, Growing, and Resilient Cash & Carry ChannelGlobeNewswire
SYY
Earnings
- 1/27/26 - Beat
SYY
Sec Filings
- 3/30/26 - Form 425
- 3/30/26 - Form 425
- 3/30/26 - Form 425
- SYY's page on the SEC website