Company: SYY
Filing Date: 2025-01-29
Form Type: 10-Q
Source: 0000096021-25-000010
Chunk: 83

Company: SYSCO CORP
Filing Date: 2025-01-29
Form: 10-Q
Item: Item 1
Chunk 83
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 adjusted for Certain Items (Non-GAAP)$3,616 $3,458 $158 4.6 %Operating income (GAAP)$1,742 $1,780 $(38)(2.1)%Impact of restructuring and transformational project costs (1)11 — 11 NMImpact of acquisition-related costs (2)32 24 8 33.3 Operating income adjusted for Certain Items (Non-GAAP)$1,785 $1,804 $(19)(1.1)%INTERNATIONAL FOODSERVICE OPERATIONSSales (GAAP)$7,521 $7,279 $242 3.3 %Impact of currency fluctuations (3)15 15 0.2 Comparable sales using a constant currency basis (Non-GAAP)$7,536 $7,279 $257 3.5 %Gross profit (GAAP)$1,534 $1,440 $94 6.5 %Impact of currency fluctuations (3)(4)(4)(0.2)Comparable gross profit using a constant currency basis (Non-GAAP)$1,530 $1,440 $90 6.3 %Gross margin (GAAP)20.40 %19.78 %62 bpsImpact of currency fluctuations (3)(0.10)-10 bpsComparable gross margin using a constant currency basis (Non-GAAP)20.30 %19.78 %52 bpsOperating expenses (GAAP)$1,338 $1,264 $74 5.9 %Impact of restructuring and transformational project costs (4)(26)(8)(18)NMImpact of acquisition-related costs (5)(37)(34)(3)(8.8)Operating expenses adjusted for Certain Items (Non-GAAP)1,275 1,222 53 4.3 Impact of currency fluctuations (3)(5)(5)(0.4)Comparable operating expenses adjusted for Certain Items using a constant currency basis (Non-GAAP)$1,270 $1,222 $48 3.9 %Operating income (GAAP)$196 $176 $20 11.4 %Impact of restructuring and transformational project costs (4)26 8 18 NMImpact of acquisition-related costs (5)37 34 3 8.8 Operating income adjusted for Certain Items