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How Sysco (SYY) makes money

Sysco (SYY) made $21.7B of revenue in the first quarter fiscal 2027 (Q1 FY27), +3% from a year earlier. Fresh and frozen meats brought in $4.4B (20%); Canned and dry products brought in $4.0B (18%); Frozen fruits, vegetables, bakery and other brought in $3.3B (15%). Of every dollar of revenue, 19¢ was left as gross profit, 3¢ was left as operating profit, 2¢ was left as net earnings.

Drawing the Sankey…

Sysco revenue by segment, Q1 FY27Sysco revenue by segment, Q1 FY27Fresh and frozen meats$4.4BCanned and dry products$4.0BFrozen fruits, vegetables, bakery…$3.3BDairy products$2.1BPoultry$2.0BFresh produce$1.7BPaper and disposables$1.5BBeverage products$830MSeafood$816MOther$725M
Sysco: revenue by line, Q3 FY25 to Q1 FY27Sysco: revenue by line, Q3 FY25 to Q1 FY27Fresh and frozen meatsCanned and dry produc…Frozen fruits, vegeta…Dairy productsPoultryFresh producePaper and disposablesBeverage productsFresh and frozen meats: $4.4B latest$4.4BCanned and dry products: $4.0B latest$4.0BFrozen fruits, vegetables, bakery and other: $3.3B latest$3.3BDairy products: $2.1B latest$2.1BPoultry: $2.0B latest$2.0BFresh produce: $1.7B latest$1.7BPaper and disposables: $1.5B latest$1.5BBeverage products: $830M latestQ3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
The mix barely moved between Q3 FY25 and Q1 FY27.
Sysco revenue by quarterSysco revenue by quarter$19.6BQ3 FY25$21.1BQ4 FY25$21.1BQ1 FY26$20.8BQ2 FY26$20.5BQ3 FY26$22.1BQ4 FY26$21.7BQ1 FY27
Sysco: where each dollar of revenue goesSysco: where each dollar of revenue goesCost of revenue81¢Gross profit19¢Operating expenses15¢Operating profit3¢Income tax1¢Net earnings2¢Operating cash flow1¢Free cash flow1¢

Revenue by segment, Q1 FY27

SegmentRevenueShareQ/QY/Y
Fresh and frozen meats$4.4B20.2%-2%+5%
Canned and dry products$4.0B18.3%+1%+6%
Frozen fruits, vegetables, bakery and other$3.3B15.0%+0.2%+4%
Dairy products$2.1B9.6%-0.7%-4%
Poultry$2.0B9.0%-2%-7%
Fresh produce$1.7B7.9%-11%+2%
Paper and disposables$1.5B6.9%+1%+5%
Beverage products$830M3.8%-3%+3%
Seafood$816M3.8%-1%+7%
Other$725M3.3%+0.8%+5%
Equipment and smallwares$485M2.2%-7%+6%

Where each dollar of revenue goes

LineQ1 FY27% of revenue
Revenue$21.7B100.0%
Cost of revenue$17.7B81.4%
Gross profit$4.1B18.6%
Operating expenses$3.3B15.3%
Operating profit$717M3.3%
Income tax$161M0.7%
Net earnings$526M2.4%
Operating cash flow$278M1.3%
Free cash flow$181M0.8%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q1 FY27$21.7B+3%
Q4 FY26$22.1B+5%
Q3 FY26$20.5B+5%
Q2 FY26$20.8B+3%
Q1 FY26$21.1B+3%
Q4 FY25$21.1B+3%
Q3 FY25$19.6B+1%

From Sysco's 10-Q filed Nov 4, 2026 (on EDGAR).

Questions

How does Sysco make money?

Sysco (SYY) made $21.7B of revenue in the first quarter fiscal 2027 (Q1 FY27), +3% from a year earlier. Fresh and frozen meats brought in $4.4B (20%); Canned and dry products brought in $4.0B (18%); Frozen fruits, vegetables, bakery and other brought in $3.3B (15%). Of every dollar of revenue, 19¢ was left as gross profit, 3¢ was left as operating profit, 2¢ was left as net earnings.

What is Sysco's biggest business?

Fresh and frozen meats: $4.4B in the first quarter fiscal 2027, 20% of revenue, +5% from a year earlier.

What is Sysco's profit margin?

Net earnings were $526M, 2.4% of revenue, in the first quarter fiscal 2027; the operating margin was 3.3%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.