Company: SYY
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0000096021-25-000157
Chunk: 57

Company: SYSCO CORP
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 1
Chunk 57
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 a constant currency basis (Non-GAAP)4.26 %4.26 %0 bpsNet earnings (GAAP)$476 $490 $(14)(2.9)%Impact of restructuring and transformational project costs (2)56 27 29 NMImpact of acquisition-related costs (3)42 38 4 10.5 Tax impact of restructuring and transformational project costs (4)(13)(6)(7)NMTax impact of acquisition-related costs (4)(10)(9)(1)(11.1)Net earnings adjusted for Certain Items (Non-GAAP)$551 $540 $11 2.0 %Diluted earnings per share (GAAP)$0.99 $0.99 $— — %

31

13-Week Period Ended Sep. 27, 202513-Week Period Ended Sep. 28, 2024Change in Dollars%/bps  ChangeImpact of restructuring and transformational project costs (2)0.12 0.05 0.07 NMImpact of acquisition-related costs (3)0.09 0.08 0.01 12.5 Tax impact of restructuring and transformational project costs (4)(0.03)(0.01)(0.02)NMTax impact of acquisition-related costs (4)(0.02)(0.02)— — Diluted earnings per share adjusted for Certain Items (Non-GAAP) (5)$1.15 $1.09 $0.06 5.5 %

(1)Represents a constant currency adjustment, which eliminates the impact of foreign currency fluctuations on the current year results. (2)Fiscal 2026 includes $10 million related to restructuring and severance charges and $46 million related to various transformation initiative costs, primarily consisting of supply chain transformation costs and changes to our business technology strategy. Fiscal 2025 includes $4 million related to restructuring and severance charges and $23 million related to various transformation initiative costs, primarily consisting of supply chain transformation costs and changes to our business technology strategy.(3)Fiscal 2026 includes $31 million of intangible amortization expense and $11 million in acquisition and due diligence costs. Fiscal 2025 includes $32 million of intangible amortization expense and $6 million in acquisition and due diligence costs. (4)The tax impact of adjustments for Certain Items are calculated by multiplying the pret