Company: SYY
Filing Date: 2025-01-29
Form Type: 10-Q
Source: 0000096021-25-000010
Chunk: 77

Company: SYSCO CORP
Filing Date: 2025-01-29
Form: 10-Q
Item: Item 1
Chunk 77
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23 %14.36 %-13 bpsOperating income (GAAP)$712 $700 $12 1.7 %Impact of restructuring and transformational project costs (2)31 14 17 NMImpact of acquisition-related costs (3)40 31 9 29.0 Operating income adjusted for Certain Items (Non-GAAP)783 745 38 5.1 Impact of currency fluctuations (1)2 2 0.3 Comparable operating income adjusted for Certain Items using a constant currency basis (Non-GAAP)$785 $745 $40 5.4 %Operating margin (GAAP)3.53 %3.63 %-10 bpsOperating margin adjusted for Certain Items (Non-GAAP)3.89 %3.86 %3 bpsOperating margin adjusted for Certain Items using a constant currency basis (Non-GAAP)3.89 %3.86 %3 bpsNet earnings (GAAP)$406 $415 $(9)(2.2)%Impact of restructuring and transformational project costs (2)31 14 17 NMImpact of acquisition-related costs (3)40 31 9 29.0 Tax impact of restructuring and transformational project costs (4)(8)(3)(5)NMTax impact of acquisition-related costs (4)(11)(8)(3)(37.5)Net earnings adjusted for Certain Items (Non-GAAP)$458 $449 $9 2.0 %Diluted earnings per share (GAAP)$0.82 $0.82 $— — %Impact of restructuring and transformational project costs (2)0.06 0.03 0.03 100.0 Impact of acquisition-related costs (3)0.08 0.06 0.02 33.3 Tax impact of restructuring and transformational project costs (4)(0.02)(0.01)(0.01)(100.0)Tax impact of acquisition-related costs (4)(0.02)(0.02)— — Diluted earnings per share adjusted for Certain Items (Non-GAAP) (5)$0.93 $0.89 $0.04 4.5 %

(1)Represents a constant currency adjustment, which eliminates the impact of foreign currency fluctuations on the current year results. (2)