Sysco stock raises medium term targets with AI savings plan
Published on 10/04/2026 at 23:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Sysco Corporation (ISIN US8718291078) was last at USD 77.49 on the NYSE on October 2, 2026 at 4:00 p.m. ET, down 0.36% from USD 77.77. The company had just reaffirmed fiscal 2027 guidance and raised its medium-term growth targets, according to Sysco in a September 9, 2026 release. The market reaction was restrained, but the financial targets point to a stronger earnings emphasis.
Growth targets move higher
Sysco raised its annualized net sales growth target for fiscal 2028 and fiscal 2029 to 4% to 7% from 4% to 6%. The adjusted EPS growth target moved to 9% to 11% from 6% to 8%, creating a wider gap between expected sales expansion and earnings growth.
For fiscal 2027, the company reaffirmed adjusted EPS growth of 9% to 11% and a guidance range of USD 5.02 to USD 5.12. The plan also includes USD 100 million of in-year net cost savings, while the new AI-powered efficiency program targets at least USD 500 million by fiscal 2029, according to Sysco.
Earnings beat remains in view
The operating thesis has recent support from the quarter ended June 27, 2026. Sysco generated USD 22.12 billion in revenue and adjusted EPS of USD 1.53, compared with consensus of USD 21.95 billion and USD 1.51, respectively, according to MarketBeat. Revenue increased 4.7% year over year, while adjusted EPS exceeded consensus by USD 0.02.
MarketBeat also reported that Wall Street Zen upgraded Sysco from Hold to Buy on October 3, 2026. Its analyst survey showed a Moderate Buy consensus from 16 analysts, with an average price target of USD 90.17; the target lies 16.4% above the October 2 price of USD 77.49.
Stock stays below yearly high
Sysco stock traded within a 52-week range of USD 68.19 to USD 91.85 on October 2, 2026. The USD 37.1 billion market capitalization and volume of 3,843,464 shares place the stock below its yearly high while the company works to convert efficiency investment into earnings growth.
Sysco stock holds at USD 77.49
Sysco stock was last at USD 77.49 on the NYSE on October 2, 2026 at 4:00 p.m. ET, with a daily change of -0.36%.
Sysco stock key facts
- Company: Sysco Corporation
- ISIN: US8718291078
- Ticker: SYY
- Trading venue: NYSE
- Price (as of October 2, 2026, 4:00 p.m. ET): USD 77.49
- Market capitalization: USD 37.1 billion (as of October 2, 2026)
- 52-week range: USD 68.19-91.85 (as of October 2, 2026)
- Sector / Industry: Consumer Defensive / Food Distribution
Upcoming dates for Sysco stock
- October 23, 2026: Quarterly dividend payment
