What move does the options market price into Sysco's report?

Implied ±8.9%, either direction · provisional.

How often does Sysco move more than the options market prices?

3 of the last 7 reports moved at least as far as the implied move.

SYYNYSEWholesale-Groceries & Related Products

Sysco Corp (SYY) earnings date, market-implied expected move, and options open interest by expiry

76.46

+2.35 · +3.17%

Regular session14:28 ET

Open74.20Volume9.5MMkt cap$36.5BP/E20.28EPS3.77Div yield2.94%

Day74.20 – 77.1577%52-wk66.76 – 89.9242%

SYY

Sysco Corp

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±8.9%implied · straddle

67.5280.70

spot 74.11exp Feb 19ATM strike 75ATM straddle 7.75IV 24%

Nov 3 closeprovisional

Expected move

Inputs

Next report

Jan 26

before open · in 83 days

est.Q2 FY27

Calendar

Next report

Last report

−9.33%

vs ±5.7% implied · ×1.65

shaded = implied · ▲▼ = realized

Nov 3 '26 · confirmed

Implied vs realized

Linked news

1dVITL · supplierVital Farms estimates $8.0 million to $13.0 million inventory obsolescence for butter wind-down
12dPOST · supplierPost Holdings Schedules Fourth Quarter and Fiscal Year 2026 Conference Call
77dARMK · customerAramark’s (ARMK) AI Data Center Push Gains Traction Amid Strong Q3 Results

News

Largest filed tie

13F top-10 QoQ

+5.89%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

1,637 managers

Top fund weight

2.59%

SYY weight · XLP

N-PORTJun 30 '26

10 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Sysco (SYY) is expected to report on Jan 26 before open (estimated date).

Implied vs realized

8 reports

3 of 7≥ implied

avg implied: ±4.2%
avg realized: ±6.2%

Apr 29 '25Apr 29 '25confirmed±4.4%▼−0.26%×0.06

Jul 29 '25Jul 29 '25confirmed±3.9%▼−2.45%×0.62

Oct 28 '25Oct 28 '25confirmed±4.4%▼−2.71%×0.62

Q2 FY26Jan 27 '26confirmed±3.3%▲+10.96%×3.37

Q3 FY26Mar 30 '26confirmed±3.8%▼−15.28%×4.07

Apr 28 '26Apr 28 '26confirmed±4.0%▼−2.64%×0.66

Q4 FY26Aug 4 '26confirmed—▼−2.58%—

Q1 FY27Nov 3 '26confirmed±5.7%▼−9.33%×1.65

quarterimplied−20%0+20%realized×

Q1 FY27±5.7%▼−9.33%×1.65

Q4 FY26—▼−2.58%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 5 expiries · Nov 3 close

0.29OI · 5 expiries · Nov 3 closeP/C open interest · Feb 19 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

1,201+1%Nov 2016d0.186,7260%0.18

2,1260%Dec 1844d0.219,891−2%0.21

4,4260%Jan 1572d0.597,5560%0.59

report · Jan 26 · before open · est.

396+1%Feb 19107d1,3530%

1,6330%Mar 19135d0.453,6300%0.45

ExpiryPutsCallsP/C

Nov 2016d1,201+1%6,7260%0.18

Dec 1844d2,1260%9,891−2%0.21

Jan 1572d4,4260%7,5560%0.59

report · Jan 26 · before open · est.

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±8.9%

Funds 4

XLP±0.2%

RSP±0.0%

VIG±0.0%

VTV±0.0%

Dashed = straddleMethod 2 more funds Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ1 FY27

2.42%as filednet margin · revenue −1.72% QoQ · +2.82% YoY

Revenue

$21.7B−1.72% QoQ

Gross profit

$4.1B−2.01% QoQ

18.63% margin

Operating income

$717M−27.13% QoQ

3.30% margin

Pre-tax income

$687M−4.72% QoQ

Net income

$526M−4.71% QoQ

2.42% margin

Cost of revenue

$17.7B−1.65% QoQ

Operating expenses

$3.3B+5.84% QoQ

Other expense

$30M

Tax

$161M−4.73% QoQ

Revenue$21.7B−1.72%

Gross profit

$4.1B−2.01%

18.63% margin

Operating income

$717M−27.13%

3.30% margin

Pre-tax income

$687M−4.72%

Net income

$526M−4.71%

2.42% margin

Cost of revenue

$17.7B−1.65%

Operating expenses

$3.3B+5.84%

Other expense

$30M

Tax$161M−4.73%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Sep 26 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 3 close · Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mSource: market data · 14:15 ET

Intraday

Event sensitivity

PPI ×1.41· ±1.4% vs ±1.0% · 10 releases

eventrelease day|move|up · n×base

PPIproducer prices±1.4%6 of 10×1.41

FOMCrate decision±1.2%9 of 24×1.24

CPIconsumer prices±1.1%7 of 10×1.18

GDPgross domestic product±0.9%11 of 19×0.96

NFPjobs report±0.9%5 of 10×0.90

PCEpersonal income & outlays±0.7%12 of 19×0.75

CPROFcorporate profits±0.7%4 of 12×0.72

Bar = avg |move| to ±2% · tick = ±1.0% avg day · ×base = |move| ÷ ±1.0% · min 6 releases

Earnings history

EPS 1.09 · consensus —

Quarter	Reported	EPS	Consensus
Q1 FY27	Nov 3 '26 · confirmed	1.09	—
Q4 FY26	Aug 4 '26 · confirmed	1.15	—
Q3 FY26	Mar 30 '26 · confirmed	0.71	—
Q2 FY26	Jan 27 '26 · confirmed	0.81	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod