Company: SYY
Filing Date: 2025-08-22
Form Type: 10-K
Source: 0000096021-25-000099
Chunk: 10

Company: SYSCO CORP
Filing Date: 2025-08-22
Form: 10-K
Item: Item 8
Chunk 10
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,049 838 Other long-term liabilities1,247 1,089 Total long-term liabilities15,001 13,785 Noncontrolling interest27 31 Shareholders’ equity  Preferred stock, par value $1 per share Authorized 1,500,000 shares, issued none— — Common stock, par value $1 per share Authorized 2,000,000,000 shares, issued 765,174,900 shares765 765 Paid-in capital1,986 1,908 Retained earnings13,061 12,260 Accumulated other comprehensive loss(1,098)(1,339)Treasury stock at cost, 287,678,658 and 273,416,685 shares(12,884)(11,734)Total shareholders’ equity1,830 1,860 Total liabilities and shareholders’ equity$26,774 $24,917 

See Notes to Consolidated Financial Statements

61

Sysco Corporation and its Consolidated Subsidiaries

CONSOLIDATED RESULTS OF OPERATIONS

(In millions, except for share and per share data) Year Ended Jun. 28, 2025Jun. 29, 2024Jul. 1, 2023(In millions except for share and per share data)Sales$81,370 $78,844 $76,325 Cost of sales66,401 64,236 62,370 Gross profit14,969 14,608 13,955 Operating expenses11,881 11,406 10,916 Operating income3,088 3,202 3,039 Interest expense635 607 527 Other expense (income), net (1) 38 30 227 Earnings before income taxes2,415 2,565 2,285 Income taxes587 610 515 Net earnings$1,828 $1,955 $1,770 Net earnings:Basic earnings per share$3.74 $3.90 $3.49 Diluted earnings per share3.73 3.89 3.47 Average shares outstanding488,144,333 501,238,422 507,362,913 Diluted shares outstanding489,825,648 503,096,086 509,719,756 

(1)Sysco’s second quarter of fiscal 2023 included