Filing Flows › Sysco (SYY) › Q1 FY27
Sysco (SYY) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Nov 4, 2026
Sysco (SYY) reported revenue of $21.7B for the first quarter fiscal 2027 (Q1 FY27), +3% from a year earlier and -2% from the quarter before. Operating margin was 3.3%, net earnings $526M (2.4% of revenue).
Sysco, Q1 FY27: revenue $21.7B (+3% year over year), operating margin 3.3%, net earnings $526M, operating cash flow $278M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $21.7B | -2% | +3% |
| Gross profit | $4.1B | -2% | +4% |
| Operating profit | $717M | -27% | -10% |
| Net earnings | $526M | -5% | +11% |
| Operating cash flow | $278M | -76% | +223% |
| Free cash flow | $181M | -81% | — |
What changed
Revenue was $21.7B in Q1 FY27, up 3% year over year and down 2% from the previous quarter. Fresh and frozen meats was the largest line at 20% of revenue. Fresh and frozen meats added $0.23B year over year (up 5%), 38% of the total change. Poultry declined 7%.
Gross margin was 18.6%, up 0.2 points from Q1 FY26. Operating profit was $0.72B, a 3.3% margin (down 0.5 points year over year). Operating profit fell $0.08B even though revenue rose $0.60B versus Q1 FY26, so costs grew faster than sales. Operating expenses grew 8% against revenue growth of 3%. Net earnings were $0.53B, up 11% year over year. The effective tax rate was 23.4%.
Operating cash flow was $0.28B (up 223% year over year), 53% of net earnings. Non-cash charges added back $0.26B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.54B. Capital expenditures of $0.10B left free cash flow of $0.18B.
Questions
What was Sysco's revenue in the first quarter fiscal 2027?
Sysco (SYY) reported revenue of $21.7B for the first quarter fiscal 2027 (Q1 FY27), +3% from a year earlier and -2% from the quarter before.
Was Sysco profitable in the first quarter fiscal 2027?
Operating profit was $717M (3.3% of revenue) and net earnings $526M.
Source: Sysco 10-Q on SEC EDGAR.