Sysco (SYY) 23rd annual dbAccess Global Consumer Conference summary

Business performance and industry position

• Holds number one market share in most operating countries and segments, including the U.S., Canada, U.K., Ireland, Costa Rica, Panama, and Bahamas, with leading positions in Sweden and France; specialty and international are key growth drivers.

• Expected FY26 sales of $84–$85 billion, supported by 75,000 global employees and 337 distribution facilities.

• Achieved 10 consecutive quarters of double-digit international profit growth, focusing on profitability and market share.

• U.S. business has grown sales in 54 of the past 57 years and increased dividends for 56 consecutive years, with an 11% CAGR.

• Local business performance improved by 210 basis points in Q3, with Q4 volume growth on track for at least 2.5%, outpacing industry traffic.

Technology and operational transformation

• Launched AI360 and SAGE platforms to boost sales productivity, unify data, and power AI-driven operations.

• Technology initiatives target sales, supply chain, and back office for better, faster, and cheaper operations, reducing expenses and expanding margins.

• Modernizing routing and supply chain with AI to improve efficiency, customer fill rates, and reduce working capital.

• Back office automation aims to cut millions from expenses and enhance customer experience.

• Enhanced fulfillment models and digital marketing programs are designed to increase customer loyalty and wallet share.

Jetro Restaurant Depot acquisition and integration

• Acquisition will increase revenue by 20%, EBITDA by 45%, and free cash flow by 55%, with 150 basis points margin expansion.

• Restaurant Depot brings a $16 billion revenue, $2.1 billion EBITDA, and nearly $2 billion free cash flow business, with a resilient, high-margin cash & carry model and 13% adjusted EBITDA margin.

• Plan to open at least 125 new Restaurant Depot locations, leveraging existing infrastructure for expansion; all mature stores are profitable.

• No job eliminations; $250 million in annualized net cost synergies expected from procurement and credit card fees by year 3, with potential for upside.

• Additional revenue synergies anticipated from cross-selling specialty products and loyalty programs.