Sysco falls after cyclosporiasis outbreak dents Q1 sales
SYY•Sysco shares fell as much as 9.1% after first-quarter net sales of $21.74 billion missed estimates of $22.02 billion. The company expects annual sales growth at the lower end of its prior 6% to 7% range and maintained its adjusted EPS growth outlook of 9% to 11%.
1. Sales and guidance
Sysco CEO Kevin Hourican said the cyclosporiasis outbreak adversely affected the middle of the quarter. First-quarter adjusted EPS was in line with estimates, while net sales missed.
2. Shares and CFO
Sysco shares fell as much as 9.1% to $74.25, their lowest since June 2026. The company named interim CFO Brandon Sewell as its new finance chief.
