Company: SYY
Filing Date: 2025-01-29
Form Type: 10-Q
Source: 0000096021-25-000010
Chunk: 16

Company: SYSCO CORP
Filing Date: 2025-01-29
Form: 10-Q
Item: Item 2
Chunk 16
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 0.03 100.0 Impact of acquisition-related costs (3)0.08 0.06 0.02 33.3 Tax impact of restructuring and transformational project costs (4)(0.02)(0.01)(0.01)(100.0)Tax impact of acquisition-related costs (4)(0.02)(0.02)— — Diluted earnings per share adjusted for Certain Items (Non-GAAP) (5)$0.93 $0.89 $0.04 4.5 %

(1)Represents a constant currency adjustment, which eliminates the impact of foreign currency fluctuations on the current year results. (2)Fiscal 2025 includes $12 million related to restructuring and severance charges and $19 million related to various transformation initiative costs, primarily consisting of supply chain transformation costs and changes to our business technology strategy. Fiscal 2024 includes $2 million related to restructuring and severance charges and $11 million related to various transformation initiative costs, primarily consisting of changes to our business technology strategy.(3)Fiscal 2025 includes $32 million of intangible amortization expense and $8 million in acquisition and due diligence costs. Fiscal 2024 includes $29 million of intangible amortization expense and $2 million in acquisition and due diligence costs. (4)The tax impact of adjustments for Certain Items are calculated by multiplying the pretax impact of each Certain Item by the statutory rates in effect for each jurisdiction where the Certain Item was incurred. (5)Individual components of diluted earnings per share may not equal the total presented when added due to rounding. Total diluted earnings per share is calculated using adjusted net earnings divided by diluted shares outstanding.NMRepresents that the percentage change is not meaningful.

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26-Week Period Ended Dec. 28, 202426-Week Period Ended Dec. 30, 2023Change in Dollars%/bps  ChangeSales (GAAP)$40,634 $38,908 $1,726 4.4 %Impact of currency fluctuations (1)16 16 0.1 Comparable sales using a constant currency basis (Non-GAAP)$40,650 $38,908 $1,742 4.5 %Cost of sales (GAAP)$33,231 $31,747 $1,484 4.7 %Gross profit (GAAP)$7,403 $7,161 $