Company: SYY
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000096021-25-000037
Chunk: 69

Company: SYSCO CORP
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 1
Chunk 69
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.7 2.9 2.8 3.0 Income taxes0.7 0.7 0.6 0.7 Net earnings2.0 %2.2 %2.2 %2.3 %

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The following table sets forth the change in the components of our consolidated results of operations expressed as a percentage increase or decrease over the comparable period in the prior year:

 13-Week Period Ended39-Week Period EndedMar. 29, 2025Mar. 29, 2025Sales1.1 %3.3 %Cost of sales1.6 3.6 Gross profit(0.8)2.0 Operating expenses0.5 2.8 Operating income(5.7)(1.2)Interest expense(5.7)6.1 Other expense (income), net (1) (2)(10.0)39.1 Earnings before income taxes(5.6)(3.5)Income taxes(5.4)(3.8)Net earnings(5.6)%(3.4)%Basic earnings per share(3.5)%(0.7)%Diluted earnings per share(3.5)(0.8)Average shares outstanding(2.4)(2.6)Diluted shares outstanding(2.5)(2.6)

(1)Other expense (income), net was expense of $9 million and $10 million in the third quarter of fiscal 2025 and fiscal 2024, respectively.(2)Other expense (income), net was expense of $32 million and $23 million in the first 39 weeks of fiscal 2025 and fiscal 2024, respectively.

The following tables represent our results by reportable segments:

 13-Week Period Ended Mar. 29, 2025 U.S. Foodservice OperationsInternational Foodservice OperationsSYGMAOtherGlobal Support CenterConsolidatedTotals (In millions)Sales$13,800 $3,457 $2,084 $257 $— $19,598 Sales increase (decrease)0.7 %(1.1)%9.5 %(6.5)%1.1 %Percentage of total70.4 %17.6 %10.6 %1.4 %100.0 %Operating income (loss)$754 $