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AUGO News3 articles
Sysco Shares Dip 3.6% on Sales Miss as Restaurant Demand Weighs on $29B Deal
Sysco shares dropped 3.6% after quarterly sales missed estimates, reflecting sluggish restaurant demand. The company reaffirmed its full-year outlook and highlighted local restaurant sales growth.
Sysco Acquires Jetro Restaurant Depot in $29.1 Billion Strategic Expansion
Sysco has agreed to purchase Jetro Restaurant Depot for $29.1 billion, a move that significantly expands its footprint in the cash-and-carry wholesale segment serving small foodservice operators.
Toast Projects Accelerated Restaurant Growth for 2026 Amid AI Rollout
Toast anticipates adding more net new restaurant locations in 2026 than in 2025, with executives highlighting growth from enterprise clients and the new Toast IQ AI platform. Shares gained 0.9% premarket.