Company: SYY
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000096021-25-000037
Chunk: 84

Company: SYSCO CORP
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 1
Chunk 84
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 initiative costs, primarily consisting of supply chain transformation costs and changes to our business technology strategy. Fiscal 2024 includes $21 million related to restructuring and severance charges and $38 million related to various transformation initiative costs, primarily consisting of changes to our business technology strategy.(3)Fiscal 2025 includes $97 million of intangible amortization expense and $24 million in acquisition and due diligence costs. Fiscal 2024 includes $91 million of intangible amortization expense and $22 million in acquisition and due diligence costs.(4)The tax impact of adjustments for Certain Items is calculated by multiplying the pretax impact of each Certain Item by the statutory rates in effect for each jurisdiction where the Certain Item was incurred.(5)Individual components of diluted earnings per share may not add up to the total presented due to rounding. Total diluted earnings per share is calculated using adjusted net earnings divided by diluted shares outstanding.NMRepresents that the percentage change is not meaningful.

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13-Week Period Ended Mar. 29, 202513-Week Period Ended Mar. 30, 2024Change in Dollars%/bps ChangeU.S. FOODSERVICE OPERATIONSOperating expenses (GAAP)$1,849 $1,801 $48 2.7 %Impact of restructuring and transformational project costs (1)(16)(6)(10)NMImpact of acquisition-related costs (2)(20)(17)(3)(17.6)Operating expenses adjusted for Certain Items (Non-GAAP)$1,813 $1,778 $35 2.0 %Operating income (GAAP)$754 $852 $(98)(11.5)%Impact of restructuring and transformational project costs (1)16 6 10 NMImpact of acquisition-related costs (2)20 17 3 17.6 Operating income adjusted for Certain Items (Non-GAAP)$790 $875 $(85)(9.7)%INTERNATIONAL FOODSERVICE OPERATIONSSales (GAAP)$3,457 $3,494 $(37)(1.1)%Impact of Mexico joint venture sales— (120)120 3.6 Comparable sales excluding Mexico joint venture (Non-GAAP)$3,457 $3,374 $83 2.5 %Sales (GAAP)$3,457 $3,494 $(37)(1.1)%Impact of currency fluctuations (3)114 114 3.3 Comparable sales