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

Company: SYSCO CORP
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 2
Chunk 10
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 fiscal 2025, as compared to the third quarter and first 39 weeks of fiscal 2024, was primarily driven by increases in colleague-related costs, depreciation expense, and bad debt expense, partially offset by lower annual bonus incentive compensation.

34

Results of International Foodservice Operations

The following table sets forth a summary of the components of operating income and adjusted operating income expressed as a percentage increase or decrease over the comparable period in the prior year:

 13-Week Period Ended Mar. 29, 202513-Week Period Ended Mar. 30, 2024Change in Dollars% Change (Dollars in millions)Sales$3,457 $3,494 $(37)(1.1)%Gross profit728 720 8 1.1 Operating expenses632 636 (4)(0.6)Operating income$96 $84 $12 14.3 %Gross profit$728 $720 $8 1.1 %Adjusted operating expenses (Non-GAAP)600 611 (11)(1.8)Adjusted operating income (Non-GAAP)$128 $109 $19 17.4 %Sales on a constant currency basis (Non-GAAP)$3,571 $3,494 $77 2.2 %Gross profit on a constant currency basis (Non-GAAP)749 720 29 4.0 Adjusted operating expenses on a constant currency basis (Non-GAAP)617 611 6 1.0 Adjusted operating income on a constant currency basis (Non-GAAP)$132 $109 $23 21.1 % 39-Week Period Ended Mar. 29, 202539-Week Period Ended Mar. 30, 2024Change in Dollars % Change (Dollars in millions)Sales$10,978 $10,773 $205 1.9 %Gross profit2,262 2,160 102 4.7 Operating expenses1,970 1,900 70 3.7 Operating income$292 $260 $32 12.3 %Gross profit$2,262 $2,160 $102 4.7 %Adjusted operating expenses (Non-GAAP)1,875 1,832 43 2.3 Adjusted operating income (Non-GAAP)$387 $328 $59