SYSCO CORP
For the period ended Jun 29, 2024. Filed Aug 28, 2024.
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FY2024 · Filed Aug 28, 2024
SYY$77.63-1.0%Stored close · as of Nov 10, 2026
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Consolidated Results of Operations
(In millions, except for share and per share data)
| Year Ended | |||
|---|---|---|---|
| Jun. 29, 2024 | Jul. 1, 2023 | Jul. 2, 2022 | |
| (In millions except for share and per share data) | |||
| Sales | $78,844 | $76,325 | $68,636 |
| Cost of sales | 64,236 | 62,370 | 56,316 |
| Gross profit | 14,608 | 13,955 | 12,320 |
| Operating expenses | 11,406 | 10,916 | 9,974 |
| Operating income | 3,202 | 3,039 | 2,346 |
| Interest expense | 607 | 527 | 624 |
| Other expense (income), net (1) | 30 | 227 | (25) |
| Earnings before income taxes | 2,565 | 2,285 | 1,747 |
| Income taxes | 610 | 515 | 388 |
| Net earnings | $1,955 | $1,770 | $1,359 |
| Net earnings: | |||
| Basic earnings per share | $3.90 | $3.49 | $2.66 |
| Diluted earnings per share | 3.89 | 3.47 | 2.64 |
| Average shares outstanding | 501,238,422 | 507,362,913 | 510,630,645 |
| Diluted shares outstanding | 503,096,086 | 509,719,756 | 514,005,827 |
| (1) | Sysco’s second quarter of fiscal 2023 included a charge of $315 million in other expense related to pension settlement charges. See Note 14, “Company-Sponsored Employee Benefit Plans.” Sysco’s fourth quarter of fiscal 2023 included $122 million in other income related to a legacy litigation financing agreement. See Note 20, “Commitments and Contingencies.” |
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