Company: SYY
Filing Date: 2025-01-29
Form Type: 10-Q
Source: 0000096021-25-000010
Chunk: 35

Company: SYSCO CORP
Filing Date: 2025-01-29
Form: 10-Q
Item: Item 1
Chunk 35
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 liabilities and shareholders’ equity$25,318 $24,917 

Note: The June 29, 2024 balance sheet has been derived from the audited financial statements at that date.

See Notes to Consolidated Financial Statements

1

Sysco Corporation and its Consolidated Subsidiaries

CONSOLIDATED RESULTS OF OPERATIONS (Unaudited)

(In millions, except for share and per share data) 13-Week Period Ended26-Week Period Ended Dec. 28, 2024Dec. 30, 2023Dec. 28, 2024Dec. 30, 2023Sales$20,151 $19,288 $40,634 $38,908 Cost of sales16,501 15,774 33,231 31,747 Gross profit3,650 3,514 7,403 7,161 Operating expenses2,938 2,814 5,884 5,657 Operating income712 700 1,519 1,504 Interest expense160 150 319 284 Other expense (income), net 19 5 25 12 Earnings before income taxes533 545 1,175 1,208 Income taxes127 130 279 289 Net earnings$406 $415 $896 $919   Net earnings:  Basic earnings per share$0.83 $0.82 $1.82 $1.82 Diluted earnings per share0.82 0.82 1.82 1.81 Average shares outstanding490,698,567 504,312,633 491,361,199 504,719,562 Diluted shares outstanding492,803,849 505,929,342 493,294,914 506,499,390 

See Notes to Consolidated Financial Statements

2

Sysco Corporation and its Consolidated Subsidiaries

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited)

(In millions) 13-Week Period Ended26-Week Period Ended Dec. 28, 2024Dec. 30, 2023Dec. 28, 2024Dec. 30, 2023Net earnings$406 $415 $896 $919 Other comprehensive income (loss):Foreign currency translation adjustment(257)163