Company: SYY
Filing Date: 2025-01-29
Form Type: 10-Q
Source: 0000096021-25-000010
Chunk: 19

Company: SYSCO CORP
Filing Date: 2025-01-29
Form: 10-Q
Item: Item 2
Chunk 19
---
 change is not meaningful.

40

13-Week Period Ended Dec. 28, 202413-Week Period Ended Dec. 30, 2023Change in Dollars%/bps ChangeU.S. FOODSERVICE OPERATIONSOperating expenses (GAAP)$1,820 $1,739 $81 4.7 %Impact of restructuring and transformational project costs (1)(5)— (5)NMImpact of acquisition-related costs (2)(20)(12)(8)(66.7)Operating expenses adjusted for Certain Items (Non-GAAP)$1,795 $1,727 $68 3.9 %Operating income (GAAP)$834 $839 $(5)(0.6)%Impact of restructuring and transformational project costs (1)5 — 5 NMImpact of acquisition-related costs (2)20 12 8 66.7 Operating income adjusted for Certain Items (Non-GAAP)$859 $851 $8 0.9 %INTERNATIONAL FOODSERVICE OPERATIONSSales (GAAP)$3,728 $3,597 $131 3.6 %Impact of currency fluctuations (3)20 20 0.6 Comparable sales using a constant currency basis (Non-GAAP)$3,748 $3,597 $151 4.2 %Gross profit (GAAP)$760 $708 $52 7.3 %Impact of currency fluctuations (3)— — — Comparable gross profit using a constant currency basis (Non-GAAP)$760 $708 $52 7.3 %Gross margin (GAAP)20.39 %19.68 %71 bpsImpact of currency fluctuations (3)(0.11)-11 bpsComparable gross margin using a constant currency basis (Non-GAAP)20.28 %19.68 %60 bpsOperating expenses (GAAP)$665 $625 $40 6.4 %Impact of restructuring and transformational project costs (4)(15)(2)(13)NMImpact of acquisition-related costs (5)(19)(17)(2)(11.8)Operating expenses adjusted for Certain Items (Non-GAAP)631 606 25 4.1 Impact of currency fluctuations (3)(1)(1)(0.1)Comparable operating expenses adjusted for Certain Items using a constant currency basis (Non-G