Company: SYY
Filing Date: 2025-01-29
Form Type: 10-Q
Source: 0000096021-25-000010
Chunk: 17

Company: SYSCO CORP
Filing Date: 2025-01-29
Form: 10-Q
Item: Item 2
Chunk 17
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242 3.4 %Impact of currency fluctuations (1)(4)(4)(0.1)Comparable gross profit adjusted for Certain Items using a constant currency basis (Non-GAAP)$7,399 $7,161 $238 3.3 %Gross margin (GAAP)18.22 %18.40 %-18 bpsImpact of currency fluctuations (1)(0.02)-2 bpsComparable gross margin adjusted for Certain Items using a constant currency basis (Non-GAAP)18.20 %18.40 %-20 bpsOperating expenses (GAAP)$5,884 $5,657 $227 4.0 %Impact of restructuring and transformational project costs (2)(57)(33)(24)(72.7)Impact of acquisition-related costs (3)(79)(62)(17)(27.4)Operating expenses adjusted for Certain Items (Non-GAAP)5,748 5,562 186 3.3 Impact of currency fluctuations (1)(6)(6)(0.1)Comparable operating expenses adjusted for Certain Items using a constant currency basis (Non-GAAP)$5,742 $5,562 $180 3.2 %Operating expense as a percentage of sales (GAAP)14.48 %14.54 %-6 bpsImpact of certain item adjustments(0.33)(0.24)-9 bpsAdjusted operating expense as a percentage of sales (Non-GAAP)14.15 %14.30 %-15 bpsOperating income (GAAP)$1,519 $1,504 $15 1.0 %Impact of restructuring and transformational project costs (2)57 33 24 72.7 Impact of acquisition-related costs (3)79 62 17 27.4 Operating income adjusted for Certain Items (Non-GAAP)1,655 1,599 56 3.5 Impact of currency fluctuations (1)2 2 0.1 Comparable operating income adjusted for Certain Items using a constant currency basis (Non-GAAP)$1,657 $1,599 $58 3.6 %Net earnings (GAAP)$896 $919 $(23)(2.5)%Impact of restructuring and transformational project costs (2)57 33 24 72.7 Impact of acquisition-related costs (3)79 62 17