Company: SYY
Filing Date: 2025-08-22
Form Type: 10-K
Source: 0000096021-25-000099
Chunk: 156

Company: SYSCO CORP
Filing Date: 2025-08-22
Form: 10-K
Item: Item 7
Chunk 156
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 earnings per share is calculated using adjusted net earnings divided by diluted shares outstanding.NMRepresents that the percentage change is not meaningful.

40

Set forth below is a reconciliation by segment of actual operating expenses and operating income to adjusted results for these measures for the periods presented (dollars in millions):

20252024Change in Dollars%/bps ChangeU.S. FOODSERVICE OPERATIONSSales (GAAP)$56,965 $55,339 $1,626 2.9 %Gross profit (GAAP)10,875 10,708 167 1.6 %Gross margin (GAAP)19.09 %19.35 %-26 bpsOperating expenses (GAAP)$7,359 $7,035 $324 4.6 %Impact of restructuring and transformational project costs (1)(45)(10)(35)NMImpact of acquisition-related costs (2)(71)(61)(10)(16.4)Operating expenses adjusted for Certain Items (Non-GAAP)$7,243 $6,964 $279 4.0 %Operating income (GAAP)$3,516 $3,673 $(157)(4.3)%Impact of restructuring and transformational project costs (1)45 10 35 NMImpact of acquisition-related costs (2)71 61 10 16.4 Operating income adjusted for Certain Items (Non-GAAP)$3,632 $3,744 $(112)(3.0)%INTERNATIONAL FOODSERVICE OPERATIONSSales (GAAP)$14,905 $14,561 $344 2.4 %Impact of Mexico joint venture sales(207)(536)329 2.4 Comparable sales excluding Mexico joint venture (Non-GAAP)$14,698 $14,025 $673 4.8 %Sales (GAAP)$14,905 $14,561 $344 2.4 %Impact of currency fluctuations (3)29 29 0.2 Comparable sales using a constant currency basis (Non-GAAP)$14,934 $14,561 $373 2.6 %Gross profit (GAAP)$3,109 $2,947 $162 5.5 %Impact of currency fluctuations (3)(11)(11)(0.4)Comparable gross profit using a constant currency basis (Non-GAAP)$3,098