Company: SYY
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000096021-25-000037
Chunk: 7

Company: SYSCO CORP
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 2
Chunk 7
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 Ended Mar. 30, 2024 U.S. Foodservice OperationsInternational Foodservice OperationsSYGMAOtherGlobal Support CenterConsolidatedTotals (In millions)Sales$40,925 $10,773 $5,724 $866 $— $58,288 Percentage of total70.2 %18.5 %9.8 %1.5 %100.0 %Operating income (loss)$2,632 $260 $46 $27 $(739)$2,226 Percentage of total segments88.8 %8.8 %1.5 %0.9 %100.0 %Operating income as a percentage of sales6.4 %2.4 %0.8 %3.1 %3.8 %

Based on information in Note 13, “Business Segment Information,” in the Notes to Consolidated Financial Statements in Item 1 of Part I of this Form 10-Q, U.S. Foodservice Operations and International Foodservice Operations, collectively, represented approximately 88.1% and 88.3% of Sysco’s overall sales in the third quarter and first 39 weeks of fiscal 2025, respectively. U.S. Foodservice Operations and International Foodservice Operations, collectively, represented approximately 98.4% and 97.8% of total segment operating income, in the third quarter and first 39 weeks of fiscal 2025, respectively. This illustrates that these segments represent a substantial majority of our total segment results when compared to other reportable segments.

Results of U.S. Foodservice Operations

The following tables set forth a summary of the components of operating income expressed as a percentage increase or decrease over the comparable period in the prior year:

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 13-Week Period Ended Mar. 29, 202513-Week Period Ended Mar. 30, 2024Change in Dollars% Change (Dollars in millions)Sales$13,800 $13,707 $93 0.7 %Gross profit2,603 2,653 (50)(1.9)Operating expenses1,849 1,801 48 2.7 Operating income$754 $852 $(98)(11.5)%Gross profit$2,603 $2,653 $(50)(1.9)%Adjusted operating expenses (Non-GAAP)1,813