Company: SYY
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0000096021-25-000157
Chunk: 56

Company: SYSCO CORP
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 1
Chunk 56
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 ChangeGross profit (GAAP)$3,901 $3,753 $148 3.9 %Impact of currency fluctuations (1)(24)(24)(0.6)Comparable gross profit adjusted for Certain Items using a constant currency basis (Non-GAAP)$3,877 $3,753 $124 3.3 %Gross margin (GAAP)18.45 %18.32 %13 bpsImpact of currency fluctuations (1)(0.04)-4 bpsComparable gross margin adjusted for Certain Items using a constant currency basis (Non-GAAP)18.41 %18.32 %9 bpsOperating expenses (GAAP)$3,101 $2,945 $156 5.3 %Impact of restructuring and transformational project costs (2)(56)(27)(29)NMImpact of acquisition-related costs (3)(42)(38)(4)(10.5)Operating expenses adjusted for Certain Items (Non-GAAP)3,003 2,880 123 4.3 Impact of currency fluctuations (1)(23)(23)(0.8)Comparable operating expenses adjusted for Certain Items using a constant currency basis (Non-GAAP)$2,980 $2,880 $100 3.5 %Operating expense as a percentage of sales (GAAP)14.66 %14.38 %28 bpsImpact of certain item adjustments(0.46)(0.32)-14 bpsAdjusted operating expense as a percentage of sales (Non-GAAP)14.20 %14.06 %14 bpsOperating income (GAAP)$800 $808 $(8)(1.0)%Impact of restructuring and transformational project costs (2)56 27 29 NMImpact of acquisition-related costs (3)42 38 4 10.5 Operating income adjusted for Certain Items (Non-GAAP)898 873 25 2.9 Impact of currency fluctuations (1)(1)(1)(0.2)Comparable operating income adjusted for Certain Items using a constant currency basis (Non-GAAP)$897 $873 $24 2.7 %Operating margin (GAAP)3.78 %3.94 %-16 bpsOperating margin adjusted for Certain Items (Non-GAAP)4.25 %4.26 %-1 bpsOperating margin adjusted for Certain Items using