Sysco Corporation at Barclays Global Consumer Staples Conference Transcript
Good afternoon, everyone. It is 12:00 PM on day two. So we're pushing into the back half of our conference here. We want to thank everyone for joining us here. Hopefully, people had a chance to grab some lunch or will do so afterwards.
My name is Jeff Bernstein, and I'm the restaurant and food service distribution analyst here at Barclays. We are thrilled to introduce our next presenting company, which is Sysco Corporation. With us on stage all the way from Houston, Texas, we have Kevin Hourican to my immediate right, who is the Chairman and CEO; and Brandon Sewell, who is the Interim CFO.
By way of background, for those perhaps not familiar, Sysco distributes food and related products to the $380 billion roughly food service industry. The company had 335 or so distribution facilities around the world, serving 730,000 customer locations.
2027 guidance is for $90 billion in sales, up 6% to 7% year on year. And I should say their fiscal '27 began July 1. That's led by local case growth, ultimately, generating 9% to 11% EPS
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