Sysco Corporation (NYSE: SYY) announced plans to offer $1.0 billion in shares of its common stock, with proceeds intended to help finance its pending acquisition of Jetro Restaurant Depot, according to a press release from the Houston-based food distributor.

Sysco said it will grant underwriters a 30-day option to purchase up to an additional $150 million in shares to cover any overallotments, at the same price per share as the primary offering. The offering is not contingent on the completion of the Jetro Restaurant Depot acquisition.

Goldman Sachs & Co. LLC and TD Securities (USA) LLC are serving as lead book-running managers for the offering. BofA Securities, J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC are also acting as book-running managers.

The offering will be made under Sysco's shelf registration statement on Form S-3ASR, filed with the Securities and Exchange Commission. Sysco operates 333 distribution centers across 10 countries and reported sales of more than $84 billion in fiscal year 2026, which ended June 27, 2026.