Company: SYY
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000096021-25-000037
Chunk: 22

Company: SYSCO CORP
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 2
Chunk 22
---
.9)%Impact of restructuring and transformational project costs (6)(21)(15)(6)(40.0)Impact of acquisition-related costs (7)(3)(14)11 78.6 Operating expenses adjusted for Certain Items (Non-GAAP)$183 $220 $(37)(16.8)%Operating loss (GAAP)$(183)$(237)$54 22.8 %Impact of restructuring and transformational project costs (6)21 15 6 40.0 Impact of acquisition-related costs (7)3 14 (11)(78.6)Operating loss adjusted for Certain Items (Non-GAAP)$(159)$(208)$49 23.6 % 

(1)Primarily represents severance and transformation initiative 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)Represents due diligence costs.NMRepresents that the percentage change is not meaningful.

44

39-Week Period Ended Mar. 29, 202539-Week Period Ended Mar. 30, 2024Change in Dollars%/bps  ChangeU.S. FOODSERVICE OPERATIONSOperating expenses (GAAP)$5,507 $5,283 $224 4.2 %Impact of restructuring and transformational project costs (1)(26)(6)(20)NMImpact of acquisition-related costs (2)(53)(41)(12)(29.3)Operating expenses adjusted for Certain Items (Non-GAAP)$5,428 $5,236 $192 3.7 %Operating income (GAAP)$2,496 $2,632 $(136)(5.2)%Impact of restructuring and transformational project costs (1)26 6 20 NMImpact of acquisition-related costs (2)53 41 12 29.3 Operating income adjusted for Certain Items (Non-GAAP)$2,575 $2,679 $(104)(3.9)%INTERNATIONAL FOODSERVICE OPERATIONSSales (GAAP)$10,978 $10,773 $205 1.9