Company: SYY
Filing Date: 2025-08-22
Form Type: 10-K
Source: 0000096021-25-000099
Chunk: 154

Company: SYSCO CORP
Filing Date: 2025-08-22
Form: 10-K
Item: Item 7
Chunk 154
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.6)Impact of goodwill impairment(92)— (92)NMOperating expenses adjusted for Certain Items (Non-GAAP)11,446 11,127 319 2.9 Impact of currency fluctuations (1)(11)(11)(0.1)Comparable operating expenses adjusted for Certain Items using a constant currency basis (Non-GAAP)$11,435 $11,127 $308 2.8 %Operating expense as a percentage of sales (GAAP)14.60 %14.47 %13 bpsImpact of certain item adjustments(0.53)(0.36)-17 bpsAdjusted operating expense as a percentage of sales (Non-GAAP)14.07 %14.11 %-4 bpsOperating income (GAAP)$3,088 $3,202 $(114)(3.6)%Impact of restructuring and transformational project costs (2)183 120 63 52.5 Impact of acquisition-related costs (3)160 159 1 0.6 Impact of goodwill impairment92 — 92 NMOperating income adjusted for Certain Items (Non-GAAP)3,523 3,481 42 1.2 Impact of currency fluctuations (1)2 2 0.1 Comparable operating income adjusted for Certain Items using a constant currency basis (Non-GAAP)$3,525 $3,481 $44 1.3 %Operating margin (GAAP)3.80 %4.06 %-26 bpsOperating margin adjusted for Certain Items (Non-GAAP)4.33 %4.42 %-9 bpsOperating margin adjusted for Certain Items using a constant currency basis (Non-GAAP)4.33 %4.42 %-9 bpsNet earnings (GAAP)$1,828 $1,955 $(127)(6.5)%Impact of restructuring and transformational project costs (2)183 120 63 52.5 Impact of acquisition-related costs (3)160 159 1 0.6 Impact of goodwill impairment92 — 92 NMTax impact of restructuring and transformational project costs (4)(42)(29)(13)(44.8)Tax impact of acquisition-related costs (4)(37)(38)1 2.6 

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 20252024Change in Dollars%/bps Change (In millions, except for share and per share data