Company: SYY
Filing Date: 2025-01-29
Form Type: 10-Q
Source: 0000096021-25-000010
Chunk: 1

Company: SYSCO CORP
Filing Date: 2025-01-29
Form: 10-Q
Item: Item 2
Chunk 1
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 or $0.01, to $0.83 per share;

•Diluted earnings per share:

◦unchanged, at $0.82 per share;

◦adjusted diluted earnings per share increased 4.5%, or $0.04, to $0.93;

•EBITDA:

◦increased 1.9%, or $17 million, to $931 million; and

◦adjusted EBITDA increased 4.4%, or $41 million, to $969 million.

Comparisons of results from the first 26 weeks of fiscal 2025 to the first 26 weeks of fiscal 2024 are presented below:

•Sales:

◦increased 4.4%, or $1.7 billion, to $40.6 billion;

•Operating income:

◦increased 1.0%, or $15 million, to $1.5 billion;

◦adjusted operating income increased 3.5%, or $56 million, to $1.7 billion;

•Net earnings:

◦decreased 2.5%, or $23 million, to $896 million;

◦adjusted net earnings increased 0.6%, or $6 million, to $997 million;

•Basic earnings per share:

◦unchanged, at $1.82 per share;

•Diluted earnings per share:

◦increased 0.6%, or $0.01, to $1.82 per share; and

◦adjusted diluted earnings per share increased 3.1%, or $0.06, to $2.02;

•EBITDA:

◦increased 2.6%, or $50 million, to $2.0 billion; and

◦adjusted EBITDA increased 4.4%, or $85 million, to $2.0 billion.

27

The discussion of our results includes certain non-GAAP financial measures, including EBITDA and adjusted EBITDA, that we believe provide important perspective with respect to underlying business trends. Other than EBITDA and free cash flow, any non-GAAP financial measures will be denoted as adjusted measures to remove: (1) restructuring charges; (2) expenses associated with our various transformation initiatives; (3) severance charges; and (4) acquisition-related costs consisting of (a) intangible amortization expense and (b) acquisition costs and due diligence costs related to our acquisitions.

The fiscal 2025 and