The company said it agreed on March 30, 2026 to acquire Jetro Restaurant Depot. It said Jetro Restaurant Depot shareholders will receive $21.6 billion in cash and 91.5 million Sysco shares, for a total enterprise value of about $29.1 billion.

1. 01

   The company said it agreed on March 30, 2026 to acquire Jetro Restaurant Depot. It said Jetro Restaurant Depot shareholders will receive $21.6 billion in cash and 91.5 million Sysco shares, for a total enterprise value of about $29.1 billion.

2. 02

   The company said it plans to fund the cash portion with $21 billion of new debt and hybrid debt, and $1 billion of cash on hand, equity or equity-linked securities. It also said it will pause its share repurchase program and reduce net leverage by at least 1.0x within 24 months after closing.

3. 03

   The company said Jetro Restaurant Depot operates 166 large-format warehouse stores in 35 states. It said the business generated revenue of about $16 billion, EBITDA of about $2.1 billion and free cash flow of about $1.9 billion in calendar year 2025.

4. 04

   The company reaffirmed its outlook for 2026 fiscal-year sales growth of 3% to 5% and said adjusted EPS will be at the high end of the $4.50 to $4.60 range. It also said it expects USFS local case growth of more than 3.0% for Q3.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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