Company: SYY
Filing Date: 2025-01-29
Form Type: 10-Q
Source: 0000096021-25-000010
Chunk: 4

Company: SYSCO CORP
Filing Date: 2025-01-29
Form: 10-Q
Item: Item 2
Chunk 4
---
 our Recipe for Growth, the benefits of our developing capabilities are apparent in the new customers we are winning and in the progress we are making toward increasing market share. We expect that, as our Recipe for Growth matures, the impact on our top-line growth will deliver profitable and consistent growth. 

Results of Operations

The following table sets forth the components of our consolidated results of operations expressed as a percentage of sales for the periods indicated:

 13-Week Period Ended26-Week Period Ended Dec. 28, 2024Dec. 30, 2023Dec. 28, 2024Dec. 30, 2023Sales100.0 %100.0 %100.0 %100.0 %Cost of sales81.9 81.8 81.8 81.6 Gross profit18.1 18.2 18.2 18.4 Operating expenses14.6 14.6 14.5 14.5 Operating income3.5 3.6 3.7 3.9 Interest expense0.8 0.8 0.8 0.8 Other expense (income), net0.1 — — — Earnings before income taxes2.6 2.8 2.9 3.1 Income taxes0.6 0.6 0.7 0.7 Net earnings2.0 %2.2 %2.2 %2.4 %

29

The following table sets forth the change in the components of our consolidated results of operations expressed as a percentage increase or decrease over the comparable period in the prior year:

 13-Week Period Ended26-Week Period EndedDec. 28, 2024Dec. 28, 2024Sales4.5 %4.4 %Cost of sales4.6 4.7 Gross profit3.9 3.4 Operating expenses4.4 4.0 Operating income1.7 1.0 Interest expense6.7 12.3 Other expense (income), net (1) (2)280.0 108.3 Earnings before income taxes(2.2)(2.7)Income taxes(2.3)(3.5)Net earnings(2.2)%(2.5)%Basic earnings per share1.2 %—