Company: SYY
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000096021-25-000037
Chunk: 74

Company: SYSCO CORP
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 1
Chunk 74
---
 local sales volumes and a decrease in Sysco brand penetration rates.

The increase in operating expenses for the third quarter and first 39 weeks of fiscal 2025, as compared to the third quarter and first 39 weeks of fiscal 2024, was primarily driven by increases in colleague-related costs, depreciation expense, and bad debt expense, partially offset by lower annual bonus incentive compensation.

34

Results of International Foodservice Operations

The following table sets forth a summary of the components of operating income and adjusted operating income expressed as a percentage increase or decrease over the comparable period in the prior year:

 13-Week Period Ended Mar. 29, 202513-Week Period Ended Mar. 30, 2024Change in Dollars% Change (Dollars in millions)Sales$3,457 $3,494 $(37)(1.1)%Gross profit728 720 8 1.1 Operating expenses632 636 (4)(0.6)Operating income$96 $84 $12 14.3 %Gross profit$728 $720 $8 1.1 %Adjusted operating expenses (Non-GAAP)600 611 (11)(1.8)Adjusted operating income (Non-GAAP)$128 $109 $19 17.4 %Sales on a constant currency basis (Non-GAAP)$3,571 $3,494 $77 2.2 %Gross profit on a constant currency basis (Non-GAAP)749 720 29 4.0 Adjusted operating expenses on a constant currency basis (Non-GAAP)617 611 6 1.0 Adjusted operating income on a constant currency basis (Non-GAAP)$132 $109 $23 21.1 % 39-Week Period Ended Mar. 29, 202539-Week Period Ended Mar. 30, 2024Change in Dollars % Change (Dollars in millions)Sales$10,978 $10,773 $205 1.9 %Gross profit2,262 2,160 102 4.7 Operating expenses1,970 1,900 70 3.7 Operating income$292 $260 $32 12.3 %Gross profit$2,262 $2,160 $102 4.7 %Adjusted operating expenses (Non-GAAP)1,