Sysco Corporation unveiled a multi-year, AI-powered efficiency program to generate at least $500 million in savings by fiscal 2029. The initiative targets structural costs in truck routing, merchandising, and sales operations. The company expects to realize $100 million in savings during fiscal 2027.
Sysco reaffirmed its fiscal 2027 guidance for adjusted EPS growth between 9% and 11%. Management also raised the company's mid-term financial targets.
Annual net sales growth is now projected at 4% to 7%. This replaces the previous target range of 4% to 6%. Adjusted EPS growth targets increased to 9% to 11%. This is an increase from the prior 6% to 8% range. Sysco shared these updates ahead of the Barclays Global Consumer Staples Conference.