Post-earnings recap
Reported
Tue, Apr 28, 2026
EPS actual
$0.94
EPS est.
$0.95
EPS surprise
-0.74%
1-day move
-2.64%
Sysco's earnings report showed that they met EPS expectations but did not provide revenue figures, which may have disappointed some investors. The stock fell 2.64% in reaction, reflecting concerns about future performance and the lack of guidance. Investors will be watching closely to see how the company navigates current market challenges.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $0.94 | $0.94 | -0.74% |
| Revenue | N/A | $20.6B | N/A |
Management acknowledged the challenges in the current market environment. They emphasized their commitment to improving operational efficiencies.
Management did not provide specific guidance for the upcoming quarters.
The company remains focused on operational efficiency and cost management.
Sysco Corporation (SYY) is a leading food distributor that supplies food and related products to restaurants, healthcare, and educational facilities. As a key player in the consumer staples sector, Sysco's performance is closely tied to trends in consumer spending and the overall health of the food service industry.
Last quarter
In Q2-2026, Sysco reported an EPS of $0.99, slightly beating expectations of $0.98. The stock reacted positively, gaining nearly 11% the following day.
Management promises and guidance
EPS beat streak
1Q
EPS beat rate
63%
Avg EPS surprise
-0.06%
Avg 1-day reaction
-0.86%
Analysts expect Sysco to report strong earnings driven by solid demand in the food service sector. However, there are concerns about rising costs and potential supply chain disruptions.
Bull case
If Sysco can exceed EPS estimates and show robust revenue growth, it could signal strong operational efficiency and market demand, leading to a positive stock reaction.
Bear case
Conversely, if the company misses EPS expectations or provides weak guidance due to rising costs, it could lead to a negative reaction in the stock.
Key metrics to watch
EPS
$0.94Earnings per share is a critical indicator of profitability and is closely watched by investors.
Revenue
$20.6BTotal revenue reflects the company's sales performance and demand for its products.
The print will turn on these.
Q1
Will Sysco's EPS exceed the consensus estimate of $0.94?
A beat on EPS could indicate strong operational performance and boost investor confidence.
Q2
What guidance will Sysco provide regarding revenue growth amidst rising costs?
Guidance on revenue growth is crucial for understanding the company's outlook and how it plans to navigate potential challenges.
—
Est. EPS
$1.52
Est. Rev
$3.6B
Impl. Move
±39.2%
Why consensus could be wrong
The consensus may underestimate Sysco's ability to manage rising costs effectively, leading to better-than-expected margins this quarter.
Supporting evidence
Sysco has a history of beating EPS estimates, with a 75% success rate in the last eight quarters.
The recent positive reaction to Q2-2026 earnings suggests that the market may be overly cautious.
Key risk
If Sysco's revenue growth exceeds $20.9B, it could challenge the current bearish sentiment.
Pre-commit to what would confirm each case.
This quarter, the focus is on Sysco's ability to manage costs while maintaining revenue growth in a competitive market.
Bull confirmed if
An EPS of $0.96 or higher would confirm the bull case, indicating strong demand and cost management.
Bear confirmed if
An EPS below $0.94 would confirm the bear case, suggesting potential challenges in profitability.
What the market is pricing for the move.
Implied Move
±6.13%
Historical Avg
±3.6%
The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement.
Options are pricing ±6.1% while SYY has averaged ±3.6% over the last 8 prints — setup is pricing rich.
ATM IV
0.3%
30d HV
53.8%
Smart-money positioning from the most recent 13F filings.
Institutional
88.55%
of float
Insider
0.19%
of float
Holders
2,086
institutions
Top Holders· as of Jun 2026
Blackrock Inc.
43,028,910 sh · $3.3B
8.75%
8.1%
Likely market behavior by outcome. Not investment advice.
Beat & raise
If Sysco beats expectations, history suggests a potential stock increase of around 0.07%, confirming strong demand and operational efficiency.
In line / cautious
An in-line report may lead to a muted reaction as investors await further commentary on future growth and cost management.
Miss
A miss could lead to a decline of approximately 0.75%, reflecting concerns over profitability and market conditions.
The lines on the call that would change the story.
Vanguard Capital Management LLC
31,227,007 sh · $2.4B
6.35%
0.4%
State Street Corporation
27,115,261 sh · $2.1B
5.51%
-0.4%
Vanguard Portfolio Management LLC
26,946,494 sh · $2.1B
5.48%
0.7%
Harris Associates L.P.
16,292,380 sh · $1.3B
3.31%
48.0%
13F filings updated quarterly. Position deltas show change in shares vs. the prior quarter.