StocksMediumUpdated×2•Originally published 3 November 2026•Updated 3 November 2026•
1 min read
Sysco shares fall over 9% as earnings and revenue miss analyst estimates
Key Facts
1Sysco shares fell 7.61% to $75.52 in premarket trading on Nov. 3, compared with a close of $81.74 on Nov. 2.
2First-quarter fiscal 2027 sales were about $21.7 billion, up 2.8% year over year.
3Net earnings rose 10.5% to $526 million, and diluted earnings per share increased 10.1% to $1.09.
4The company lowered its annual sales growth outlook to the low end of the 6%–7% range and kept adjusted earnings-per-share growth at 9%–11%.
5Fiscal 2027 guidance includes $100 million in savings from the transformation program, with benefits accelerating in the second half.
Sysco shares fell more than 9% on November 3, 2026, after the company's first-quarter fiscal 2027 results missed analyst expectations. The company reported adjusted earnings per share of $1.19, falling short of the $1.20 analyst estimate, according to market reports published Tuesday.
Revenue for the quarter ended September 26, 2026, came in at $21.7 billion, missing the $22.02 billion forecast by $320 million. Compared to the previous close of $81.74 on November 2, 2026, the stock faced heavy selling pressure as the company lowered its annual sales growth outlook to the low end of the 6%–7% range, despite maintaining domestic volume growth of 2.7%.