Company: SYY
Filing Date: 2025-01-29
Form Type: 10-Q
Source: 0000096021-25-000010
Chunk: 76

Company: SYSCO CORP
Filing Date: 2025-01-29
Form: 10-Q
Item: Item 1
Chunk 76
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 earnings per share may not be equal to the total presented when added due to rounding. Adjusted diluted earnings per share is calculated using adjusted net earnings divided by diluted shares outstanding.

13-Week Period Ended Dec. 28, 202413-Week Period Ended Dec. 30, 2023Change in Dollars%/bps  ChangeSales (GAAP)$20,151 $19,288 $863 4.5 %Impact of currency fluctuations (1)21 21 0.1 Comparable sales using a constant currency basis (Non-GAAP)$20,172 $19,288 $884 4.6 %Cost of sales (GAAP)$16,501 $15,774 $727 4.6 %Gross profit (GAAP)$3,650 $3,514 $136 3.9 %Impact of currency fluctuations (1)1 1 — Comparable gross profit adjusted for Certain Items using a constant currency basis (Non-GAAP)$3,651 $3,514 $137 3.9 %Gross margin (GAAP)18.11 %18.22 %-11 bpsImpact of currency fluctuations (1)(0.01)-1 bpComparable gross margin adjusted for Certain Items using a constant currency basis (Non-GAAP)18.10 %18.22 %-12 bpsOperating expenses (GAAP)$2,938 $2,814 $124 4.4 %Impact of restructuring and transformational project costs (2)(31)(14)(17)NMImpact of acquisition-related costs (3)(40)(31)(9)(29.0)Operating expenses adjusted for Certain Items (Non-GAAP)2,867 2,769 98 3.5 Impact of currency fluctuations (1)(1)(1)— Comparable operating expenses adjusted for Certain Items using a constant currency basis (Non-GAAP)$2,866 $2,769 $97 3.5 %

37

13-Week Period Ended Dec. 28, 202413-Week Period Ended Dec. 30, 2023Change in Dollars%/bps  ChangeOperating expense as a percentage of sales (GAAP)14.58 %14.59 %-1 bpImpact of certain item adjustments(0.35)(0.23)-12 bpsAdjusted operating expense as a percentage of sales (Non-GAAP)14.