Company: SYY
Filing Date: 2025-01-29
Form Type: 10-Q
Source: 0000096021-25-000010
Chunk: 61

Company: SYSCO CORP
Filing Date: 2025-01-29
Form: 10-Q
Item: Item 1
Chunk 61
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-based compensation costs. 

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The following tables set forth certain financial information for Sysco’s reportable business segments: 13-Week Period Ended26-Week Period Ended Dec. 28, 2024Dec. 30, 2023Dec. 28, 2024Dec. 30, 2023Sales:(In millions)(In millions)U.S. Foodservice Operations$14,044 $13,494 $28,406 $27,218 International Foodservice Operations3,728 3,597 7,521 7,279 SYGMA2,116 1,914 4,162 3,820 Other263 283 545 591 Total$20,151 $19,288 $40,634 $38,908  13-Week Period Ended26-Week Period Ended Dec. 28, 2024Dec. 30, 2023Dec. 28, 2024Dec. 30, 2023Operating income (loss):(In millions)(In millions)U.S. Foodservice Operations$834 $839 $1,742 $1,780 International Foodservice Operations95 83 196 176 SYGMA19 17 37 30 Other4 8 12 20 Total segments952 947 1,987 2,006 Global Support Center(240)(247)(468)(502)Total operating income712 700 1,519 1,504 Interest expense160 150 319 284 Other expense, net19 5 25 12 Earnings before income taxes$533 $545 $1,175 $1,208 

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Item 2.  Management’s Discussion and Analysis of Financial Condition and Results of Operations

This discussion should be read in conjunction with our consolidated financial statements as of June 29, 2024, and for the fiscal year then ended, and Management’s Discussion and Analysis of Financial Condition and Results of Operations, both contained in our Annual Report on Form 10-K for the fiscal year ended June 29, 2024 (our “fiscal 2024 Form 10-K”), as well as the consolidated financial statements (unaudited) and notes to the consolidated financial statements (unaudited) contained in this report. 

Highlights

Our second quarter of fiscal 2025 results included sales growth of 4