Company: SYY
Filing Date: 2025-03-24
Form Type: CORRESP
Source: 0000096021-25-000016
Chunk: 1

Company: SYSCO CORP
Filing Date: 2025-03-24
Form: CORRESP
Chunk 1
---
 Global Support Center provides numerous centralized services to our operating sites and performs support activities for employees, suppliers and customers. These services include customer and vendor contract administration, finance, legal, information technology, risk management and insurance, sales and marketing, merchandising, inbound logistics, human resources, and strategy. Expenses for the Global Support Center primarily consist of payroll costs for employees assigned to these operations, including severance, if any, all U.S. share-based compensation costs, and certain information technology, self-insurance, and depreciation expenses.

Item 2.02 Form 8-K dated January 28, 2025

Exhibit 99.1

Sysco Reports Second Quarter Fiscal Year 2025 Results, page 1

#### 2.
You discuss the change in EBITDA and adjusted EBITDA in the key financial results for the second quarter of the fiscal year 2025 without disclosing the change in their most directly comparable GAAP measure, net earnings. Please revise to disclose the change in net earnings with equal of greater prominence. Refer to Item 10(e)(1)(i)(A) of Regulation S-K and Question 102.10(a) of the Non-GAAP Financial Measures Compliance and Disclosure Interpretations.

Response

The Company respectfully acknowledges the Staff’s comment. The Company advises the Staff that in future filings (including the Company’s next quarterly report on Form 10-Q), as well as the Company’s earnings release furnished under Item 2.02 of Form 8-K, when presenting or discussing a non-GAAP measure, such as changes in EBITDA and adjusted EBITDA, the Company will present or discuss the most comparable GAAP measure, such as change in net earnings, with equal or greater prominence. The following is an example of the intended disclosure:

Key financial results for the second quarter of fiscal year 2025 include the following (comparisons are to the same period in fiscal year 2024):

• Sales increased 4.5%; U.S. Foodservice volume increased 1.4%;

• Gross profit increased 3.9% to $3.7 billion;

• Operating income increased 1.7% to $712 million, and adjusted operating income increased 5.1% to $783 million 1 ;

• Net earnings decreased 2.2% to $406 million, and adjusted net earnings increased 2.0% to $458 million 1 ;

• EBITDA increased 1.9% to $931 million, and adjusted