Company: SYY
Filing Date: 2025-01-29
Form Type: 10-Q
Source: 0000096021-25-000010
Chunk: 84

Company: SYSCO CORP
Filing Date: 2025-01-29
Form: 10-Q
Item: Item 1
Chunk 84
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 (Non-GAAP)259 218 41 18.8 Impact of currency fluctuations (3)1 1 0.5 Comparable operating income adjusted for Certain Items using a constant currency basis (Non-GAAP)$260 $218 $42 19.3 %SYGMASales (GAAP)$4,162 $3,820 $342 9.0 %Gross profit (GAAP)326 302 24 7.9 Gross margin (GAAP)7.83 %7.91 %-8 bps

43

26-Week Period Ended Dec. 28, 202426-Week Period Ended Dec. 30, 2023Change in Dollars%/bps  ChangeOperating expenses (GAAP)$289 $272 $17 6.3 %Operating income (GAAP)37 30 7 23.3 %OTHEROperating expenses (GAAP)$125 $131 $(6)(4.6)%Operating income (GAAP)12 20 (8)(40.0)%GLOBAL SUPPORT CENTERGross profit (GAAP)$5 $6 $(1)(16.7)%Operating expenses (GAAP)$473 $508 $(35)(6.9)%Impact of restructuring and transformational project costs (6)(20)(25)5 20.0 Impact of acquisition-related costs (7)(10)(4)(6)NMOperating expenses adjusted for Certain Items (Non-GAAP)$443 $479 $(36)(7.5)%Operating loss (GAAP)$(468)$(502)$34 6.8 %Impact of restructuring and transformational project costs (6)20 25 (5)(20.0)Impact of acquisition-related costs (7)10 4 6 NMOperating loss adjusted for Certain Items (Non-GAAP)$(438)$(473)$35 7.4 %

(1)Primarily represents severance and transformation costs. (2)Fiscal 2025 and fiscal 2024 include intangible amortization expense and acquisition costs. (3)Represents a constant currency adjustment, which eliminates the impact of foreign currency fluctuations on current year results.(4)Includes restructuring and transformation costs primarily in Europe.(5)Primarily represents intangible amortization expense and acquisition costs.(6)Includes various transformation initiative costs, primarily consisting of changes to our business technology strategy.(7)Rep