Sysco SYY
Bought back $200.0M of its own shares, 1.7× what it paid in stock
XBRL, latest 10-KNew shares against shares bought back
Dilution: new shares, stock pay and buybacks · S-3 and 424B, 3 years; 10-K
Shares offered
Since Nov 15, 2023: 2 registrations of shares for a merger, units or notes, 2 shelf registrations; also 3 notes offerings.
- Sep 24, 2026 Shares for a merger, units or notes 424B5
- Sep 16, 2026 Up to 12.3M shares for a merger, units or notes 424B5
- Sep 14, 2026 Shelf registration: shares and other securities, amount not fixed S-3ASR
- Aug 28, 2024 Shelf registration: shares and other securities, amount not fixed S-3ASR
Every offering filing“On March 30, 2026, Sysco Corporation, Sysco Holdings, JRD Unico, Inc., a Delaware corporation (“JRD”), Warehouse Realty, LLC, a Delaware limited liability company (“Warehouse Realty,” and together with JRD, known as “Jetro Restaurant Depot”), and certain merger subsidiaries, among others, entered into the merger agreement (as amended, modified or supplemented, the “merger agreement”).”
424B5, Sep 24, 2026
Diluted shares: 480.61M in the year to Jun 27, 2026 2026 -1.9%2025 -2.6%2024 -1.3%2023 -0.8%
Change in the diluted weighted average share count from the fiscal year before, stock splits taken out. Bars use one scale for stock pay and buybacks. Prospectuses are read from their cover page; preliminary ones are left out. How
Where the cash came from and where it went
FY2024 to FY2026, from the cash flow statements in the 10-Ks, added up
The same cash, step by step
Came from
| Operating cash flow | $8.1B |
| Shares sold | $367.0M |
| Other, net investments bought and sold, other financing and investing lines, and exchange rates |
$2.3B |
Went to
| Capital spending | $2.4B |
| Acquisitions | $1.4B |
| Buybacks | $2.7B |
| Dividends | $3.0B |
| Added to cash | $1.2B |
Each number is a line of the cash flow statement as the company tagged it. "Other, net" is what those lines do not cover (investments bought and sold, other financing and investing lines, and exchange rates); Tickdelta does not estimate it.
Where the operating cash went, year by year
FY2017 to FY2026 · cash flow statements, 10-K XBRL
| Fiscal year | Operating cash | Capital spending | Acquisitions | Buybacks | Dividends | Debt repaid |
|---|---|---|---|---|---|---|
| Jun 27, 2026 | $2.6B | $700.0M | $189.0M | $200.0M | $1.0B | - |
| Jun 28, 2025 | $2.5B | $906.0M | $40.0M | $1.2B | $1.0B | - |
| Jun 29, 2024 | $3.0B | $832.0M | $1.2B | $1.2B | $1.0B | - |
| Jul 1, 2023 | $2.9B | $793.0M | $37.0M | $500.0M | $996.0M | - |
| Jul 2, 2022 | $1.8B | $633.0M | $1.3B | $500.0M | $959.0M | - |
| Jul 3, 2021 | $1.9B | $470.7M | - | - | $917.6M | - |
| Jun 27, 2020 | $1.6B | $720.4M | $142.8M | $844.7M | $856.3M | - |
| Jun 29, 2019 | $2.4B | $692.4M | $106.6M | $1.0B | $775.4M | - |
| Jun 30, 2018 | $2.2B | $687.8M | $248.1M | $978.9M | $722.2M | $281.8M |
| Jul 1, 2017 | $2.2B | $686.4M | $2.9B | $1.9B | $698.6M | - |
| Added up | $23.1B | $7.1B 31% of operating cash | $6.2B 27% of operating cash | $8.4B 36% of operating cash | $9.0B 39% of operating cash | $281.8M 1% of operating cash |
Each bar is one fiscal year; its colours add up to what the cash flow statement says the company spent on each line, and the line across it is that year's operating cash flow. Spending above the line was paid from new debt, shares sold or cash on hand. A bar part links to the 10-K it comes from. A line the company did not report is left out, not estimated, so the shares are of operating cash only and can add up to more or less than 100%. Debt repaid is the gross amount, so refinanced debt is counted each time it is repaid. A reading aid, not a grade: Tickdelta does not say whether a split was good. Banks and insurers are left out.
Buybacks, dividends and share count
Year by year · XBRL, each 10-K
| Fiscal year to | Buybacks | Dividends | Diluted shares |
|---|---|---|---|
| Jun 27, 2026 | $200.0M | $1.0B | 480.61M |
| Jun 28, 2025 | $1.2B | $1.0B | 489.83M |
| Jun 29, 2024 | $1.2B | $1.0B | 503.10M |
| Jul 1, 2023 | $500.0M | $996.0M | 509.72M |
| Jul 2, 2022 | $500.0M | $959.0M | 514.01M |
From the XBRL of the 10-Ks (cash flow statement and diluted weighted average shares); each year as reported in the latest 10-K that includes it. Concepts: buybacks = PaymentsForRepurchaseOfCommonStock; dividends = PaymentsOfDividendsCommonStock; sbc = ShareBasedCompensation; issuance = ProceedsFromStockOptionsExercised; diluted_shares = WeightedAverageNumberOfDilutedSharesOutstanding.
Dividend per share, year by year
Dividends · declared per share, each 10-K; cash paid, cash flow statement
Declared since the 10-K: Sep 26, 2026 $0.55
| Fiscal year to | Per share | Against year before | Cash paid out |
|---|---|---|---|
| Jun 27, 2026 | $2.17 | ▲+4.8% | $1.0B |
| Jun 28, 2025 | $2.07 | ▲+3.0% | $1.0B |
| Jun 29, 2024 | $2.01 | ▲+2.0% | $1.0B |
| Jul 1, 2023 | $1.97 | ▲+3.7% | $996.0M |
| Jul 2, 2022 | $1.90 | ▲+4.4% | $959.0M |
| Jul 3, 2021 | $1.82 | ▲+4.6% | - |
| Jun 27, 2020 | $1.74 | ▲+13.7% | - |
| Jun 29, 2019 | $1.53 | ▲+8.5% | - |
Dividend per share as the company tagged it (CommonStockDividendsPerShareDeclared), from the latest 10-K that reports each year, so a stock split is already in it. A change is left blank when the year before is missing or the jump is more than five times.
Buybacks month by month, and what is left to buy
Share buybacks · 10-Q, Part II Item 2, latest 4 quarters
“Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs Month #1 June 28 - July 25 2,393 $ 83.53 — — Month #2 July 26 - August 22 2,577 84.24 — — Month #3 August 23 - September 26 — — — — Totals 4,970 $ 83.90 — —”
10-Q, Part II Item 2
“On May 20, 2021, our Board of Directors approved a share repurchase program to authorize the repurchase of up to $5.0 billion of the company’s common stock, which will remain available until fully utilized.”
10-Q, Part II Item 2
Spent each month (shares × average price)
Shares and average price are the numbers in the 10-Q table, row by row; "shares × price" is our multiplication of the two. A row with a price of "-" is an accelerated repurchase paid up front, where the 10-Q does not give a price yet. A 10-Q that counts shares in millions gives a rounded number, shown as "about". Shares withheld for employees' taxes are not in this table. A month that no 10-Q table gives, or that this page could not read with confidence, is not shown.
What the 10-Ks show for each CEO's years
Each CEO's years · the CEO of each fiscal year as named in the proxy's pay versus performance table
Kevin P. Hourican
- Operating cash flow
- $12.8B
- Capital spending
- $3.9B
- Acquisitions
- $2.8B
- Buybacks
- $3.7B
- Dividends
- $5.0B
- Stock-based pay
- $533.0M
- Diluted shares since FY2021
- -6.4%
- Revenue since FY2021
- +65%
- Debt since FY2021
- +$2.9B
- CEO pay (reported)
- $77.7M
Sources
The cash flow statement, dividends per share and diluted share count in each 10-K's XBRL; Part II Item 2 of each 10-Q for monthly buybacks; offering prospectuses (S-3, 424B) for new shares; Form D data sets for private raises.
Also
CEO pay: what the CEO was paid over the same years.
Work with it
Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/SYY/export.csv") into a cell.