Sysco Corp Files Q2 2025 10-Q

Ticker: SYY · Form: 10-Q · Filed: 2025-01-29T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, financials, quarterly-report

TL;DR

**SYSCO FILES Q2 10-Q: Financials for period ending 12/28/24 are in. Check it out.**

AI Summary

Sysco Corporation filed its 10-Q for the period ending December 28, 2024. The filing details the company's financial performance and position, including its balance sheet, income statement, and cash flow statement for the quarter and year-to-date. Key financial data and disclosures relevant to investors and stakeholders are presented.

Why It Matters

This filing provides crucial financial insights into Sysco's operational performance and financial health, impacting investor decisions and market perception.

Risk Assessment

Risk Level: low — This is a routine quarterly financial filing with no immediate red flags.

Key Players & Entities

FAQ

What is the reporting period for this 10-Q filing?

The reporting period for this 10-Q filing is the quarter ended December 28, 2024.

When was this 10-Q filed with the SEC?

This 10-Q was filed on January 29, 2025.

What is Sysco Corp's Standard Industrial Classification (SIC) code?

Sysco Corp's SIC code is 5140, which corresponds to Wholesale - Groceries & Related Products.

Where is Sysco Corp headquartered?

Sysco Corp is headquartered in Houston, Texas.

What is the fiscal year end for Sysco Corp?

Sysco Corp's fiscal year ends on June 28.

Filing Stats: 4,761 words · 19 min read · ~16 pages · Grade level 16.9 · Accepted 2025-01-28 17:41:01

Key Financial Figures

Filing Documents

– FINANCIAL INFORMATION Page No

PART I – FINANCIAL INFORMATION Page No. Item 1.

Financial Statements

Financial Statements 1 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 27 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 52 Item 4.

Controls and Procedures

Controls and Procedures 52

– OTHER INFORMATION

PART II – OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 53 Item 1A.

Risk Factors

Risk Factors 53 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 53 Item 3. Defaults Upon Senior Securities 53 Item 4. Mine Safety Disclosures 54 Item 5. Other Information 54 Item 6. Exhibits 54

Signatures

Signatures 57

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements Sysco Corporation and its Consolidated Subsidiaries CONSOLIDATED BALANCE SHEETS (In millions, except for share data) Dec. 28, 2024 Jun. 29, 2024 (unaudited) ASSETS Current assets Cash and cash equivalents $ 793 $ 696 Accounts receivable, less allowances of $ 99 and $ 54 5,298 5,324 Inventories 5,050 4,678 Prepaid expenses and other current assets 338 323 Income tax receivable 22 22 Total current assets 11,501 11,043 Plant and equipment at cost, less accumulated depreciation 5,589 5,497 Other long-term assets Goodwill 5,144 5,153 Intangibles, less amortization 1,119 1,188 Deferred income taxes 441 445 Operating lease right-of-use assets, net 1,031 923 Other assets 493 668 Total other long-term assets 8,228 8,377 Total assets $ 25,318 $ 24,917 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities Accounts payable $ 5,842 $ 6,290 Accrued expenses 2,224 2,226 Accrued income taxes 140 131 Current operating lease liabilities 125 125 Current maturities of long-term debt 1,222 469 Total current liabilities 9,553 9,241 Long-term liabilities Long-term debt 11,393 11,513 Deferred income taxes 337 345 Long-term operating lease liabilities 950 838 Other long-term liabilities 1,056 1,089 Total long-term liabilities 13,736 13,785 Noncontrolling interest 15 31 Shareholders' equity Preferred stock, par value $ 1 per share Authorized 1,500,000 shares, issued none — — Common stock, par value $ 1 per share Authorized 2,000,000,000 shares, issued 765,174,900 shares 765 765 Paid-in capital 1,965 1,908 Retained earnings 12,649 12,260 Accumulated other comprehensive loss ( 1,396 ) ( 1,339 ) Treasury stock at cost, 275,706,546 and 273,416,685 shares ( 11,969 ) ( 11,734 ) Total shareholders' equity 2,014 1,860 Total liabilities and shareholders' equity $ 25,318 $ 24,917 Note: The June 29, 2024 balance sheet has been derived from the audited financial statements at that date. See Notes to Consolidated

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