Company: SYY
Filing Date: 2025-01-29
Form Type: 10-Q
Source: 0000096021-25-000010
Chunk: 21

Company: SYSCO CORP
Filing Date: 2025-01-29
Form: 10-Q
Item: Item 2
Chunk 21
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 and acquisition costs.(6)Includes various transformation initiative costs, primarily consisting of changes to our business technology strategy.(7)Represents due diligence costs.NMRepresents that the percentage change is not meaningful.

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26-Week Period Ended Dec. 28, 202426-Week Period Ended Dec. 30, 2023Change in Dollars%/bps  ChangeU.S. FOODSERVICE OPERATIONSOperating expenses (GAAP)$3,659 $3,482 $177 5.1 %Impact of restructuring and transformational project costs (1)(11)— (11)NMImpact of acquisition-related costs (2)(32)(24)(8)(33.3)Operating expenses adjusted for Certain Items (Non-GAAP)$3,616 $3,458 $158 4.6 %Operating income (GAAP)$1,742 $1,780 $(38)(2.1)%Impact of restructuring and transformational project costs (1)11 — 11 NMImpact of acquisition-related costs (2)32 24 8 33.3 Operating income adjusted for Certain Items (Non-GAAP)$1,785 $1,804 $(19)(1.1)%INTERNATIONAL FOODSERVICE OPERATIONSSales (GAAP)$7,521 $7,279 $242 3.3 %Impact of currency fluctuations (3)15 15 0.2 Comparable sales using a constant currency basis (Non-GAAP)$7,536 $7,279 $257 3.5 %Gross profit (GAAP)$1,534 $1,440 $94 6.5 %Impact of currency fluctuations (3)(4)(4)(0.2)Comparable gross profit using a constant currency basis (Non-GAAP)$1,530 $1,440 $90 6.3 %Gross margin (GAAP)20.40 %19.78 %62 bpsImpact of currency fluctuations (3)(0.10)-10 bpsComparable gross margin using a constant currency basis (Non-GAAP)20.30 %19.78 %52 bpsOperating expenses (GAAP)$1,338 $1,264 $74 5.9 %Impact of restructuring and transformational project costs (4)(26)(8)(18)NMImpact of acquisition-related costs (5)(37)(