Why Is Sysco Stock Down Today?
Sysco fell 2.621% in the ten minutes after a $1 billion common stock offering crossed at 16:21:00 ET, measured from its $83.54 close. The proceeds help fund the $29.1 billion Jetro Restaurant Depot deal.
- Sysco announced a $1 billion common stock offering after the close; the headline crossed at 16:21:00 ET.
- Measured from the $83.54 close: -2.849% after one minute and -2.621% after ten, after hours.
- The proceeds fund part of the $29.1 billion Jetro Restaurant Depot acquisition agreed on March 30, 2026.
Reaction by asset (real prices)
| Asset | 2m before | At release | +1m | +10m | +1m % | +10m % |
|---|---|---|---|---|---|---|
| SYY | 83.54 | 83.54 | 81.16 | 81.35 | -2.85% | -2.62% |
Sysco stock is down after hours because the company announced a $1 billion offering of common stock after Monday's close, with the proceeds going toward part of the price of its pending Jetro Restaurant Depot acquisition. The headline crossed MoveSurge's tape at 16:21:00 ET on Monday, September 14, 2026; measured from the $83.54 regular-session close, Sysco was 2.849% lower one minute later and 2.621% lower after ten minutes, at $81.35.
The regular session had ended with Sysco up 0.40%. At 16:50:05 ET the stock was at $81.25, 2.74% below that close.
What Sysco is offering and how it fits the Jetro Restaurant Depot deal
Sysco plans to issue $1 billion of common stock and to grant the underwriters a 30-day option on up to $150 million of additional shares. Goldman Sachs and TD Securities are the lead book-running managers. Sysco said the net proceeds will finance a portion of the consideration for Jetro Restaurant Depot, and that the offering does not depend on the acquisition closing.
The March financing plan already left room for new equity of this size. When Sysco agreed on March 30, 2026 to acquire Jetro Restaurant Depot for $29.1 billion, it said it would fund the $21.6 billion cash portion with $21 billion of new debt and hybrid debt and $1 billion of cash on hand, equity or equity-linked securities. Goldman Sachs and TD Securities also committed the $22 billion bridge loan behind the deal, and Sysco paused share repurchases to cut debt after closing. The stock fell 12% on the day the deal was announced.
At the $83.54 close, $1 billion of stock is about 12.0 million shares, and about 13.8 million if the underwriters take the full option. Jetro Restaurant Depot's owners are separately due 91.5 million Sysco shares at closing, so the offering adds roughly an eighth to the new stock tied to the acquisition.
Sysco stock after hours, measured minute by minute
| Time (ET) | What happened | Price | Change from $83.54 close |
|---|---|---|---|
| 16:21:00 | Offering headline crosses | $83.54 | — |
| 16:22:00 | One minute after the headline | $81.16 | -2.849% |
| 16:24:06 | Second headline on the $1 billion plan | $80.99 | -3.05% |
| 16:31:00 | Ten minutes after the first headline | $81.35 | -2.621% |
| 16:50:05 | Latest measured price | $81.25 | -2.74% |
The lowest measured price came about three minutes after the first headline, and the stock had recovered only a small part of the drop by 16:50:05 ET.
Food distributors in Monday's regular session
| Company | Ticker | Close | Session move |
|---|---|---|---|
| Sysco | SYY | $83.54 | +0.40% |
| US Foods | USFD | $94.80 | -0.57% |
| Performance Food Group | PFGC | $93.16 | -0.83% |
Sysco finished the regular session ahead of both rivals, before the offering was announced.
Why is Sysco stock down after hours?
Sysco announced a $1 billion offering of common stock after Monday's close to help pay for its pending Jetro Restaurant Depot acquisition. Measured from the $83.54 regular-session close, the stock was 2.621% lower ten minutes after the 16:21:00 ET headline.
What will Sysco use the stock offering proceeds for?
Sysco said the net proceeds will finance a portion of the consideration for Jetro Restaurant Depot, the $29.1 billion acquisition it agreed on March 30, 2026. The offering does not depend on the acquisition closing.
How many shares is Sysco offering?
The offering is sized in dollars: $1 billion, plus an underwriters' option on up to $150 million more. At the $83.54 close that is about 12.0 million shares, or about 13.8 million with the full option.
How these numbers were measured
Session moves compare Monday's 4:00 p.m. ET close with Friday's close. After-hours figures are MoveSurge's own measurement, from the $83.54 regular-session close to trades one and ten minutes after the headline crossed our tape. The pipeline is described on our editorial standards page.
Sources
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Sysco Announces Common Stock Offering
— Sysco via GlobeNewswire
Sysco intends to offer $1.0 billion of common stock with a 30-day underwriters' option on up to $150 million more; net proceeds finance a portion of the consideration for Jetro Restaurant Depot; Goldman Sachs and TD Securities are lead book-running managers; the offering is not contingent on the acquisition.
-
Sysco stock falls after announcing $1 billion stock offering
— Investing.com
Sysco shares fell after the company announced plans to offer $1.0 billion of common stock to help fund the Jetro Restaurant Depot acquisition.
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Sysco Plans $1 Billion Share Sale to Help Fund Jetro Restaurant Depot Deal
— Bloomberg
Sysco plans to raise $1 billion in a share offering to help fund its Jetro Restaurant Depot acquisition.
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