Company: SYY
Filing Date: 2025-01-29
Form Type: 10-Q
Source: 0000096021-25-000010
Chunk: 15

Company: SYSCO CORP
Filing Date: 2025-01-29
Form: 10-Q
Item: Item 2
Chunk 15
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2,769 98 3.5 Impact of currency fluctuations (1)(1)(1)— Comparable operating expenses adjusted for Certain Items using a constant currency basis (Non-GAAP)$2,866 $2,769 $97 3.5 %

37

13-Week Period Ended Dec. 28, 202413-Week Period Ended Dec. 30, 2023Change in Dollars%/bps  ChangeOperating expense as a percentage of sales (GAAP)14.58 %14.59 %-1 bpImpact of certain item adjustments(0.35)(0.23)-12 bpsAdjusted operating expense as a percentage of sales (Non-GAAP)14.23 %14.36 %-13 bpsOperating income (GAAP)$712 $700 $12 1.7 %Impact of restructuring and transformational project costs (2)31 14 17 NMImpact of acquisition-related costs (3)40 31 9 29.0 Operating income adjusted for Certain Items (Non-GAAP)783 745 38 5.1 Impact of currency fluctuations (1)2 2 0.3 Comparable operating income adjusted for Certain Items using a constant currency basis (Non-GAAP)$785 $745 $40 5.4 %Operating margin (GAAP)3.53 %3.63 %-10 bpsOperating margin adjusted for Certain Items (Non-GAAP)3.89 %3.86 %3 bpsOperating margin adjusted for Certain Items using a constant currency basis (Non-GAAP)3.89 %3.86 %3 bpsNet earnings (GAAP)$406 $415 $(9)(2.2)%Impact of restructuring and transformational project costs (2)31 14 17 NMImpact of acquisition-related costs (3)40 31 9 29.0 Tax impact of restructuring and transformational project costs (4)(8)(3)(5)NMTax impact of acquisition-related costs (4)(11)(8)(3)(37.5)Net earnings adjusted for Certain Items (Non-GAAP)$458 $449 $9 2.0 %Diluted earnings per share (GAAP)$0.82 $0.82 $— — %Impact of restructuring and transformational project costs (2)0.06 0.03