New York, Feb 11, 2026, 16:42 EST — After-hours
- Sysco shares closed up about 0.5% at $88.04 and were little changed after the bell.
- A filing showed the food distributor is marketing senior notes, with proceeds aimed at paying down commercial paper.
- Investors’ next focus: final debt pricing and Sysco’s CAGNY presentation on Feb. 17.
Sysco Corporation shares rose in Wednesday’s session and were steady in after-hours trade, finishing up about 0.5% at $88.04. The stock traded between $86.89 and $88.64 during the regular session.
The move lands with investors already watching Sysco’s funding costs, not just its sales volumes. The company is tapping long-term debt markets at a time when traders have been quick to punish companies that let leverage creep.
It also matters because Sysco leans on short-term borrowing to run the business day to day. Rolling that into longer-dated notes can reduce refinancing risk, but it can also lock in higher interest costs if markets demand it.
A prospectus supplement filed late Tuesday showed Sysco plans to use proceeds for general corporate purposes, including repaying borrowings under its commercial paper programs. The filing put outstanding commercial paper at about $1.3 billion as of Dec. 27, 2025, with a weighted-average maturity of 44 days and an average interest rate of 3.4149%. (SEC)
Commercial paper is a short-term IOU companies sell to investors for cash, usually rolling it every few weeks. Sysco’s filing did not spell out final pricing terms in the excerpted section.
Sysco’s shares have been pressing higher for days. On Tuesday, the stock rose 1.33% to $87.62, marking a new 52-week high at the time, according to MarketWatch data. (MarketWatch)
The run-up followed Sysco’s late-January results, when it lifted its fiscal 2026 adjusted earnings outlook. Chief executive Kevin Hourican said U.S. foodservice local case volume had turned positive, and the company said it now expects full-year adjusted EPS at the high end of its prior $4.50-$4.60 range. (Sysco Investors)
For traders, Sysco sits in the middle of a broader question about eating-out demand. Foodservice distributors tend to move when investors think restaurant traffic is improving — or cracking.
But the story can flip fast. If the note sale prices wide, or rates rise into the deal window, the refinancing could lift interest expense, and investors may start to lean harder on debt metrics rather than near-term volume momentum.
The next hard catalysts are the final pricing details on the debt and any new commentary on demand trends. Sysco is scheduled to present at the CAGNY Conference on Feb. 17 at 3:00 p.m. ET, according to its investor events calendar. (Sysco Investors)
