Sysco (SYS) Soars 11% on Upbeat Outlook

We recently published 10 Big Names With Easy 10-30% Gains. Sysco Corp. (NYSE:SYS) was one of the best performers on Tuesday.

Sysco snapped a three-day losing streak on Tuesday, slashing 10.96 percent to finish at $83.92 apiece as investors took heart from a more optimistic outlook for the full fiscal period of 2026.

In an updated report, Sysco Corp. (NYSE:SYS) said that it now expects to hit the high end of its earnings per share (EPS) guidance of $4.50 to $4.60 for the full fiscal year 2026, primarily encouraged by strong sales in the second quarter.

During the period, sales picked up by 3 percent to $20.76 billion from $20.15 billion in the same period last year, bringing its six-month sales higher by 3 percent to $41.9 billion from $40.6 billion year-on-year.

Net income, on the other hand, dipped by 2 percent to $389 million in the second quarter from $406 million in the same comparable period. Net earnings in the six-month period also decreased by 3.3 percent to $866 million from $896 million year-on-year.

“Sysco delivered strong results in the second quarter of fiscal year 2026. Our performance was driven by increased local case growth, and gross margin expansion. We delivered our third consecutive quarter of sequentially improving local case growth,” said Sysco Corp. (NYSE:SYS) CEO Kevin Hourican.

“Second quarter results reflected high-quality performance across the income statement and cash flow. These results highlight our operational execution on Sysco specific initiatives. Looking ahead, our underlying momentum and continued focus on Sysco specific initiatives support our confidence in raising our full year adjusted EPS guidance to the high-end of the prior range,” he added.

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Disclosure: None. This article is originally published at Insider Monkey.