Today: 23 June 2026
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NYSE:SYY 7 October 2025 - 28 April 2026

Sysco Stock Falls After Sales Miss: Restaurant Demand Weakness Tests $29 Billion Deal

Sysco Stock Falls After Sales Miss: Restaurant Demand Weakness Tests $29 Billion Deal

Sysco shares dropped 3.6% Tuesday after quarterly sales missed analyst estimates, with revenue at $20.5 billion versus the expected $20.57 billion. Net earnings fell 15.2% to $340 million. The company reaffirmed its full-year profit outlook and highlighted growth in local restaurant sales. The update follows Sysco’s $29 billion deal to acquire Jetro Restaurant Depot.
Sysco to Buy Restaurant Depot for $29.1 Billion in Push for Independent Restaurants

Sysco to Buy Restaurant Depot for $29.1 Billion in Push for Independent Restaurants

Sysco will acquire Jetro Restaurant Depot for $29.1 billion in cash and stock, giving Jetro shareholders $21.6 billion in cash and 91.5 million Sysco shares. Sysco shares fell about 1% before the New York open, and the company will pause buybacks but maintain its annual outlook. Jetro will operate as a standalone unit, with no expected workforce cuts. The deal expands Sysco into warehouse-style wholesale for small food businesses.
30 March 2026
Performance Food Group stock steadies near $98 after an 8% surge — here’s what Wall Street is watching

Performance Food Group stock steadies near $98 after an 8% surge — here’s what Wall Street is watching

Performance Food Group shares held near $98 Friday after a sharp rally Thursday, following strong results from peer US Foods. PFG expects to close a $1.06 billion debt refinancing next week, redeeming 2027 notes. The company recently reported a 5.2% rise in quarterly net sales and narrowed its 2026 outlook, citing higher integration costs and margin pressure from deflation in some food categories.
Sysco’s Big Earnings Reveal: Will the $81 Billion Food Giant’s Q1 2026 Be a Boom or a Bust?

Sysco’s Big Earnings Reveal: Will the $81 Billion Food Giant’s Q1 2026 Be a Boom or a Bust?

Sysco will report Q1 fiscal 2026 results on October 28, following a Q4 beat with $1.48 EPS on $21.14 billion revenue. Management projects FY2026 sales growth of 3–5% and adjusted EPS of $4.50–$4.60. Shares recently hit a 52-week high near $83, up 7% year-to-date. Analysts expect Q1 revenue of $21 billion and $1.12 EPS, with estimates trimmed slightly in recent months.
Sysco Stock Soars Ahead of Q1 Earnings – Inside the $81B Food Giant’s Growth & Challenges

Sysco Stock Soars Ahead of Q1 Earnings – Inside the $81B Food Giant’s Growth & Challenges

Sysco will report Q1 fiscal 2026 results on October 28, following a Q4 where adjusted EPS reached $1.48 on $21.14 billion revenue, beating expectations. The company forecasts FY2026 sales of $84–85 billion and adjusted EPS of $4.50–$4.60. Sysco shares recently hit a 52-week high near $83. A quarterly dividend of $0.54 per share is payable October 24.

Stock Market Today

  • Top 10 Stock Market Trends to Watch on June 23
    June 23, 2026, 9:37 AM EDT. Nasdaq futures dropped 2.5% on Tuesday, led by semiconductor and AI stocks following a sharp decline in South Korea's market. Bank of America raised price targets for chipmakers including Arm, Intel, Micron, and Applied Materials. Susquehanna initiated coverage on SpaceX with a hold rating amid mixed market prospects. Nike was downgraded to hold over concerns about earnings cuts. Wolfe Research reshuffled retail ratings, upgrading Target as their top pick while downgrading Home Depot and Five Below. Darden Restaurants and Ross Stores faced downgrades due to earnings and consumer concerns. IBM received a buy upgrade from JPMorgan, expecting software growth. JPMorgan valued Amazon Prime membership at $1,440 annually, much higher than actual cost, delaying price hike expectations to 2027.

Latest articles

Amazon Stock Just Got Hit Before Prime Day — AI Spending Fears Are Back

Amazon Faces Prime Day as AI Worries Hit Tech Stocks

23 June 2026
Amazon shares slipped 0.7% premarket to $231.20 as Prime Day began, with investors watching if U.S. shoppers will spend amid tight budgets and a broader tech selloff; despite projected $21.6B in Prime Day sales and AWS growth, concerns over $200B in capex and AI returns kept pressure on the stock.
Palantir Technologies (NASDAQ:PLTR) drops to 52-week low as AI premium weakens

Palantir (NYSE:PLTR) Tries to Recover After Hitting 52-Week Low

23 June 2026
Palantir rebounded 0.7% in premarket trading to $120.32 after plunging 7.0% to a 52-week low, as investors questioned high valuations amid interest-rate and competition fears; new U.S. Army and Zeta Global deals offered support, but the stock’s price-to-earnings ratio remains high at 134, with Wall Street’s average target at $189.87.
Nasdaq Futures Drop Ahead of Open as Debt Concerns Hit AI Stocks

Nasdaq 100 Slides, Tech Stocks Wipe Out $1 Trillion

23 June 2026
Nasdaq 100 futures plunged nearly 3% premarket as selling in AI-linked tech stocks intensified, putting over $1 trillion in market value at risk Tuesday; SpaceX dropped below a $2 trillion valuation and lost $600 billion in three sessions, while South Korea’s KOSPI tumbled 9.99% after Samsung and SK Hynix fell over 12% each, as investors question AI returns and brace for higher U.S. rates.
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