Company: SYY
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000096021-25-000037
Chunk: 65

Company: SYSCO CORP
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 1
Chunk 65
---
 $24 million, to $401 million;

◦adjusted net earnings decreased 2.9%, or $14 million, to $469 million;

•Basic earnings per share:

◦decreased 3.5%, or $0.03, to $0.82 per share;

•Diluted earnings per share:

◦decreased 3.5%, or $0.03, to $0.82 per share;

◦adjusted diluted earnings per share unchanged, at $0.96;

•EBITDA:

◦decreased 2.5%, or $23 million, to $910 million; and

◦adjusted EBITDA decreased 0.8%, or $8 million, to $969 million.

Comparisons of results from the first 39 weeks of fiscal 2025 to the first 39 weeks of fiscal 2024 are presented below:

•Sales:

◦increased 3.3%, or $1.9 billion, to $60.2 billion;

•Operating income:

◦decreased 1.2%, or $26 million, to $2.2 billion;

◦adjusted operating income increased 1.3%, or $30 million, to $2.4 billion;

•Net earnings:

◦decreased 3.4%, or $46 million, to $1.3 billion;

◦adjusted net earnings decreased 0.5%, or $7 million, to $1.5 billion;

•Basic earnings per share:

◦decreased 0.7%, or $0.02  to $2.65 per share;

•Diluted earnings per share:

◦decreased 0.8%, or $0.02, to $2.64 per share;

◦adjusted diluted earnings per share increased 2.1%, or $0.06, to $2.98;

•EBITDA:

◦increased 0.9%, or $27 million, to $2.9 billion; and

◦adjusted EBITDA increased 2.6%, or $77 million, to $3.0 billion.

28

The discussion of our results includes certain non-GAAP financial measures, including EBITDA and adjusted EBITDA, that we believe provide important perspective with respect to underlying business trends. Other than EBITDA and free cash flow, any non-GAAP financial measures will be denoted as adjusted measures to remove