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Company Sales Soar 6.4% on Broad Segment Growth
13 Aug
Summary
- Total net sales grew 6.4% in the fourth quarter across all segments.
- Net income surged 23.4% year-over-year to $162.3 million.
- Operating cash flow exceeded $1.4 billion for fiscal 2026.
The company achieved a robust 6.4% growth in total net sales during the fourth quarter, with all three operating segments contributing to this increase. This financial success was further highlighted by a substantial 23.4% year-over-year rise in net income, reaching $162.3 million for the quarter.
Fiscal year 2026 proved to be strong, with operating cash flow exceeding $1.4 billion, marking an approximate $200 million increase from the previous year. Free cash flow also demonstrated significant growth, surpassing $1 billion for the fiscal year. The Foodservice segment reported nearly 6% independent case growth and close to 9% revenue growth.
The Convenience segment saw national store count increase by 16% in 2026, contributing to 6.9% case growth and a 10.4% rise in segment EBITDA for the fourth quarter. The Specialty segment experienced accelerating top-line growth, ending the fourth quarter with 6.6% growth.
Looking ahead, the company has provided fiscal year 2027 guidance, projecting sales between $72.5 billion and $73 billion, with adjusted EBITDA expected to range from $2.125 billion to $2.225 billion.
