Company: SYY
Filing Date: 2025-01-29
Form Type: 10-Q
Source: 0000096021-25-000010
Chunk: 20

Company: SYSCO CORP
Filing Date: 2025-01-29
Form: 10-Q
Item: Item 2
Chunk 20
---
AAP)$630 $606 $24 4.0 %Operating income (GAAP)$95 $83 $12 14.5 %Impact of restructuring and transformational project costs (4)15 2 13 NMImpact of acquisition-related costs (5)19 17 2 11.8 Operating income adjusted for Certain Items (Non-GAAP)129 102 27 26.5 Impact of currency fluctuations (3)1 1 1.0 Comparable operating income adjusted for Certain Items using a constant currency basis (Non-GAAP)$130 $102 $28 27.5 %SYGMAOperating expenses (GAAP)$144 $132 $12 9.1 %Operating income (GAAP)19 17 2 11.8 OTHEROperating expenses (GAAP)$61 $65 $(4)(6.2)%Operating income (GAAP)4 8 (4)(50.0)GLOBAL SUPPORT CENTERGross profit (GAAP)$8 $6 $2 33.3 %

41

13-Week Period Ended Dec. 28, 202413-Week Period Ended Dec. 30, 2023Change in Dollars%/bps ChangeOperating expenses (GAAP)$248 $253 $(5)(2.0)%Impact of restructuring and transformational project costs (6)(11)(12)1 8.3 Impact of acquisition-related costs (7)(1)(2)1 50.0 Operating expenses adjusted for Certain Items (Non-GAAP)$236 $239 $(3)(1.3)%Operating loss (GAAP)$(240)$(247)$7 2.8 %Impact of restructuring and transformational project costs (6)11 12 (1)(8.3)Impact of acquisition-related costs (7)1 2 (1)(50.0)Operating loss adjusted for Certain Items (Non-GAAP)$(228)$(233)$5 2.1 % 

(1)Primarily represents severance and transformation initiative costs.(2)Fiscal 2025 and fiscal 2024 include intangible amortization expense and acquisition costs. (3)Represents a constant currency adjustment, which eliminates the impact of foreign currency fluctuations on current year results.(4)Includes restructuring and transformation costs primarily in Europe.(5)Primarily represents intangible amortization expense