Sysco at Barclays consumer conference: growth plan gains pace

On Wednesday, September 9, 2026, Sysco Corporation (SYY) presented its growth strategy at the Barclays 19th Annual Global Consumer Conference. The company aims for 6% to 7% revenue growth and 9% to 11% EPS growth by fiscal 2027, with longer-term targets of $500 million in operating margin expansion from AI and technology programs by fiscal 2029.

Sysco reaffirmed its position as the largest broadline distributor in the fragmented foodservice market, valued at approximately $380 billion. The company's strategy focuses on three pillars: improving the core business, particularly local restaurants; using AI and technology to increase efficiency and margins; and completing the acquisition of Restaurant Depot to expand into cash-and-carry.

Sysco's management highlighted positive trends in the local restaurant business, including record colleague retention, rising productivity, and improved customer-facing programs. The company also expects to keep increasing its dividend, though share repurchases will be paused during the deleveraging period after the deal closes.