Sysco Appoints Brandon E. Sewell as Permanent CFO and Reports Q1 FY2027 Earnings

Executive Appointment and Compensation Summary

On October 30, 2026, the Board of Directors of Sysco Corporation appointed Brandon E. Sewell as Executive Vice President, Chief Financial Officer, effective November 1, 2026. Mr. Sewell had previously served as Interim Chief Financial Officer since March 6, 2026.

Compensation Package Details

Effective November 1, 2026, the Compensation and Leadership Development Committee approved the following compensation elements:

• Base Salary: $775,000 annualized.
• Annual Incentive Target: 125% of annual base salary.
• Long-Term Incentive (LTI) Target: 350% of annual base salary.
• One-Time RSU Grant: Target grant-date value of $500,000 awarded upon completion of his interim CFO duties.
• Supplemental FY2027 LTI Award: One-time award consisting of performance stock units (PSUs) and restricted stock units (RSUs) with an aggregate target grant-date value of $1,000,000.

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Q1 Fiscal Year 2027 Financial Highlights

Sysco also released operating results for the 13-week period ended September 26, 2026:

• Net Sales: $21.7 billion, an increase of 2.8% year-over-year.
• Gross Profit: $4.1 billion (+3.8% YoY); gross margin expanded 18 bps to 18.6%.
• Operating Income: GAAP operating income decreased 10.4% to $717 million (impacted by Jetro Restaurant Depot acquisition costs); adjusted operating income rose 3.2% to $927 million.
• Net Earnings & EPS: GAAP net earnings rose 10.5% to $526 million ($1.09 per diluted share). Adjusted diluted EPS increased 3.5% to $1.19.
• Cash & Liquidity: Ending cash balance was $3.2 billion with total liquidity of $5.8 billion. Sysco returned $264 million via dividends during the quarter.
• Guidance: Reaffirmed FY2027 adjusted EPS growth guidance of 9% to 11% and local volume growth of ~2.5%, with full-year sales growth expected at the lower end of the 6% to 7% range due to a lower inflation backdrop.