Sysco Cites Consumer Woes for Outlook That’s Below Long-Term Target
Sysco Corp. delivery trucks sit parked outside the company's distribution center in Louisville, Kentucky.
Photographer: Luke Sharrett/BloombergConsumers are cutting back on restaurant spending as they cope with economic uncertainties, causing Sysco Corp. to forecast annual sales at the lower end of its target range, Chief Executive Officer Kevin Hourican said in an interview.
The Houston-based food distributor expects sales growth of about 3% to 5% in fiscal 2026, less than the three-year sales growth target of 4% to 6% it gave last year.