Company: SYY
Filing Date: 2025-01-29
Form Type: 10-Q
Source: 0000096021-25-000010
Chunk: 52

Company: SYSCO CORP
Filing Date: 2025-01-29
Form: 10-Q
Item: Item 1
Chunk 52
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 Financial Information in “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Item 2 of Part I of this Form 10-Q.

8.  EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per share: 13-Week Period Ended26-Week Period Ended Dec. 28, 2024Dec. 30, 2023Dec. 28, 2024Dec. 30, 2023 (In millions, except for shareand per share data)(In millions, except for shareand per share data)Numerator:  Net earnings$406 $415 $896 $919 Denominator:Weighted-average basic shares outstanding490,698,567 504,312,633 491,361,199 504,719,562 Dilutive effect of share-based awards2,105,282 1,616,709 1,933,715 1,779,828 Weighted-average diluted shares outstanding492,803,849 505,929,342 493,294,914 506,499,390 Basic earnings per share$0.83 $0.82 $1.82 $1.82 Diluted earnings per share$0.82 $0.82 $1.82 $1.81 The number of securities that were not included in the diluted earnings per share calculation because the effect would have been anti-dilutive was approximately 3,161,000 and 6,451,000 for the second quarter of fiscal 2025 and 2024, respectively, and approximately 3,249,000 and 6,219,000 for the first 26 weeks of fiscal 2025 and 2024, respectively.

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9.  OTHER COMPREHENSIVE INCOME

Comprehensive income is net earnings plus certain other items that are recorded directly to shareholders’ equity, such as foreign currency translation adjustment, amounts related to certain hedging arrangements, amounts related to pension and other postretirement plans and changes in marketable securities. Comprehensive income was $176 million and $552 million for the second quarter of fiscal 2025 and fiscal 2024, respectively. Comprehensive income was $839 million and $982 million for the first 26 weeks of fiscal 2025 and 2024, respectively.A summary of the components of other comprehensive income (loss) and the related tax