Sysco said sales for the first quarter of fiscal 2025 rose 4.4% from a year earlier, operating income rose 0.5%, and adjusted operating income rose 2.2%. The company cited higher volumes at U.S. Foodservice Operations and higher inflation as factors behind the sales growth. The quarter was Q1.

10-QQuarterly reportFiled Oct 30, 2024Period of report Sep 28, 2024Summary published (UTC) Oct 23, 2026

Key points

AI summary

Sysco said sales for the first quarter of fiscal 2025 rose 4.4% from a year earlier, operating income rose 0.5%, and adjusted operating income rose 2.2%. The company cited higher volumes at U.S. Foodservice Operations and higher inflation as factors behind the sales growth. The quarter was Q1.
The company said inflation across the enterprise was 2.2% in Q1, and gross profit rose 2.9%, while gross margin fell 27 basis points. It cited a shift in customer mix, a decrease in Sysco brand penetration and the timing of benefits from strategic sourcing initiatives as reasons for the decline.
Sysco said net earnings for Q1 fell 2.6% from a year earlier, and adjusted net earnings, excluding Certain Items, fell 0.4%. Diluted earnings per share were $0.99, unchanged from the prior year, and adjusted diluted earnings per share were $1.09, up 1.9%.
Sysco said net cash provided by operating activities in the first 13 weeks of fiscal 2025 was $53 million, and free cash flow was $8 million. During the same period, it repurchased $108 million of shares and paid dividends of $251 million ($0.51 per share).

Key figures

Quarter ended September 28, 2024

Revenue: $20.5B
Operating income: $808M
Net income: $490M
EPS: $0.99
Gross profit: $3.8B
Operating cash flow: $53M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Fiscal 2025 Q1 Sales and Operating Income Changes

Sysco said sales for the first quarter of fiscal 2025 rose 4.4% from a year earlier, operating income rose 0.5%, and adjusted operating income rose 2.2%. The company cited higher volumes at U.S. Foodservice Operations and higher inflation as factors behind the sales growth. The quarter was Q1.

Source · Based on the MD&A text of the filing

Gross Margin Down 27 basis points

The company said inflation across the enterprise was 2.2% in Q1, and gross profit rose 2.9%, while gross margin fell 27 basis points. It cited a shift in customer mix, a decrease in Sysco brand penetration and the timing of benefits from strategic sourcing initiatives as reasons for the decline.

Source · Based on the MD&A text of the filing

Q1 Net Earnings and Earnings Per Share

Sysco said net earnings for Q1 fell 2.6% from a year earlier, and adjusted net earnings, excluding Certain Items, fell 0.4%. Diluted earnings per share were $0.99, unchanged from the prior year, and adjusted diluted earnings per share were $1.09, up 1.9%.

Source · Based on the MD&A text of the filing

First 13 Weeks Free Cash Flow and Shareholder Returns

Sysco said net cash provided by operating activities in the first 13 weeks of fiscal 2025 was $53 million, and free cash flow was $8 million. During the same period, it repurchased $108 million of shares and paid dividends of $251 million ($0.51 per share).

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

Unauthorized scraping, data storage and database creation prohibited

Without prior written consent, you must not crawl or scrape data compiled and organized by Chickstock or its analysis and summaries, or collect them repeatedly or in bulk for storage, ingestion or database creation. Repurposing, redistribution, sale and use to build other services are also prohibited.

Unauthorized use may result in access restrictions, demands to stop infringement and delete copies, and claims for damages. Violations of applicable law may also give rise to criminal liability.

Uses permitted by law, the Terms of Service or a separate agreement remain subject to their respective scope. Rights in individual source materials, including original filings, remain with their respective rights holders.