Company: SYY
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000096021-25-000037
Chunk: 8

Company: SYSCO CORP
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 2
Chunk 8
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1,778 35 2.0 Adjusted operating income (Non-GAAP)$790 $875 $(85)(9.7)% 39-Week Period Ended Mar. 29, 202539-Week Period Ended Mar. 30, 2024Change in Dollars % Change (Dollars in millions)Sales$42,206 $40,925 $1,281 3.1 %Gross profit8,003 7,915 88 1.1 Operating expenses5,507 5,283 224 4.2 Operating income$2,496 $2,632 $(136)(5.2)%Gross profit$8,003 $7,915 $88 1.1 %Adjusted operating expenses (Non-GAAP)5,428 5,236 192 3.7 Adjusted operating income (Non-GAAP)$2,575 $2,679 $(104)(3.9)%

Sales

The following table sets forth the percentage and dollar value increase or decrease in the major factors impacting sales as compared to the corresponding prior year period in order to demonstrate the cause and magnitude of change:

Increase (Decrease)Increase (Decrease)13-Week Period39-Week Period(Dollars in millions)(Dollars in millions)Cause of changePercentageDollarsPercentageDollarsCase volume (1)(1.6)%$(225)0.6 %$245 Inflation2.7 370 2.6 1,068 Other (2)(0.4)(52)(0.1)(32)Total change in sales0.7 %$93 3.1 %$1,281 

(1)Case volumes decreased 2.0% and increased 0.7% compared to the third quarter and first 39 weeks of fiscal 2024, respectively. This volume decrease resulted in a 1.6% decrease and 0.6% increase in the dollar value of sales compared to the third quarter and first 39 weeks of fiscal 2024, respectively. (2)Case volume reflects our broadline and specialty businesses, with the exception of our specialty meats business, which measures its volume in pounds. Any impact in volumes from these operations are included within “Other.”

The sales growth in our U.S. Foodservice Operations was driven by higher inflation. Case volumes from our U.S. Food