U.S. Food Distribution Company Maintains Annual Guidance Despite CFO Transition

Sysco Corporation (NYSE: SYY) announced on March 5 that Chief Financial Officer Kenny Cheung has resigned to join another Fortune 10 company in a different industry and will continue the transition process through April 17. Effective March 6, the company has appointed Brandon Sewell—formerly CFO of its U.S. business—as interim CFO to ensure continuity of financial leadership. Sysco also reaffirmed its full-year 2026 outlook of adjusted EPS in the $4.50–4.60 range (at the top end of its prior guidance), revenue growth of 3–5%, third-quarter adjusted EPS of $0.94, and at least 2.5% growth in U.S. Foodservice local case volume.

In February, Sysco reported second-quarter fiscal 2026 results that exceeded market expectations for both sales and earnings, prompting it to raise its full-year 2026 adjusted EPS guidance to the upper end of the existing range. In mid-February, the company issued approximately $1.2 billion of senior notes, including maturities in the 2030s, to fund general corporate purposes.

Headquartered in Houston, Texas, Sysco is one of the world’s largest foodservice distributors, supplying food and related products to restaurants, hotels, hospitals and schools globally. It is widely regarded as a bellwether consumer and foodservice infrastructure company, sensitive to North American dining trends and inflationary pressures.