Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Achieved 5.8% organic independent restaurant case growth in Q4 despite negative industry foot traffic, driven by a 5% increase in net new accounts and expanded wallet share.
Convenience segment outperformed industry trends by gaining market share in non-nicotine categories like snacks and foodservice, while national store count grew 16% following the Love's and RaceTrac additions. Specialty segment momentum accelerated through the final three quarters of fiscal 2026, supported by expansion into new verticals like specialty grocery and travel channels. Performance Foodservice brand penetration reached 54% of independent cases, serving as a key margin lever and competitive differentiator in the restaurant space.
Strategic investments in the Cheney Brothers infrastructure, specifically the new Florence facility, provided the capacity necessary to secure large-scale national accounts like Jersey Mike's. Operational efficiency initiatives focused on warehouse slotting, routing technology, and drone-based inventory management are being deployed to mitigate rising labor and logistics costs. Fiscal 2027 guidance assumes net sales of $72.5 billion to $73 billion and adjusted EBITDA of $2.125 billion to $2.225 billion, including a 2% benefit from a 53rd week.
Management expects EBITDA growth to accelerate throughout the year as the company laps elevated operating expenses from facility openings and fuel price volatility. Procurement synergy targets of $120 million to $125 million are expected to be met or exceeded by the end of fiscal 2028, with benefits building quarterly through 2027. Foodservice product inflation is projected to remain in the low single digits (around 2%) for the year, with early signs of beef prices normalizing from mid-teen levels.
The Jersey Mike's partnership is expected to provide a significant volume boost in the second half of fiscal 2027 across three awarded regions. Diesel fuel volatility resulted in a $16 million net expense impact in Q4; management has initiated a 12-month fuel swap contract to reduce future cash flow volatility. The Convenience segment faces headwinds from high gasoline prices and inflation-led pricing, which have pressured per-store case volumes.
Specialty segment results were impacted by persistent candy and snack inflation and elevated operating costs, though momentum is expected to offset these in late 2027. Leverage is expected to remain at the top end of the 2.5x to 3.5x target range in Q1 due to typical seasonal investment patterns. Nvidia-level potential. 30M+ investors trust Moby to find it first.
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