Company: SYY
Filing Date: 2025-01-29
Form Type: 10-Q
Source: 0000096021-25-000010
Chunk: 86

Company: SYSCO CORP
Filing Date: 2025-01-29
Form: 10-Q
Item: Item 1
Chunk 86
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 of $7 million and $9 million or non-cash stock compensation expense of $30 million and $29 million in fiscal 2025 and fiscal 2024, respectively.(4)Fiscal 2025 represents $19 million in GAAP other expense (income), net. Fiscal 2024 represents $5 million in GAAP other expense (income), net. (5)Fiscal 2025 includes $238 million in GAAP depreciation and amortization expense, less $33 million of Non-GAAP depreciation and amortization expense primarily related to acquisitions. Fiscal 2024 includes $219 million in GAAP depreciation and amortization expense, less $32 million of Non-GAAP depreciation and amortization expense primarily related to acquisitions.NMRepresents that the percentage change is not meaningful.

26-Week Period Ended Dec. 28, 202426-Week Period Ended Dec. 30, 2023Change in Dollars% ChangeNet earnings (GAAP)$896 $919 $(23)(2.5)%Interest (GAAP)319 284 35 12.3 Income taxes (GAAP)279 289 (10)(3.5)Depreciation and amortization (GAAP)473 425 48 11.3 EBITDA (Non-GAAP)$1,967 $1,917 $50 2.6 %Certain Item adjustments:Impact of restructuring and transformational project costs (1)56 30 26 86.7 Impact of acquisition-related costs (2)14 5 9 NMEBITDA adjusted for Certain Items (Non-GAAP) (3)$2,037 $1,952 $85 4.4 %Other expense (income), net, as adjusted (Non-GAAP) (4)25 12 13 NMDepreciation and amortization, as adjusted (Non-GAAP) (5)(407)(365)(42)(11.5)Operating income adjusted for Certain Items (Non-GAAP) $1,655 $1,599 $56 3.5 %

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(1)Fiscal 2025 and 2024 include charges related to restructuring and severance, as well as various transformation initiative costs, primarily consisting of supply chain transformation costs and changes to our business technology strategy, excluding charges related to accelerated depreciation.(2)Fiscal 2025 and 2024 include acquisition and due diligence costs.(3)In