SYYSysco Corporation

$41B

Q1 2023 Earnings

Consumer Defensive Food Distribution

Income Statement

Revenue

$19.1B+16.2% YoY

Gross Profit

$3.5B18.2% margin

Operating Income

$737M3.9% margin

Net Income

$466M2.4% margin

EPS (Diluted)

$0.91

QoQ Revenue Growth

+0.9%

Cash Flow

Operating Cash Flow

$159M

Free Cash Flow

-$9M

Stock-Based Comp.

$27M

Balance Sheet

Total Assets

$22.2B

Total Liabilities

$21.1B

Stockholders' Equity

$1.1B

Cash & Equivalents

$438M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$19.1B	$16.5B	+16.2%
Gross Profit	$3.5B	$3.0B	+17.4%
Operating Income	$737M	$632M	+16.6%
Net Income	$466M	$378M	+23.2%

Revenue Segments

Canned And Dry Products1

$3.5B18%

Fresh And Frozen Meats1

$3.4B18%

Frozen Fruits, Vegetables, Bakery And Other1

$2.7B14%

Poultry1

$2.1B11%

Dairy Products1

$2.1B11%

Fresh Produce1

$1.7B9%

Paper And Disposables1

$1.4B7%

Other Products

$839M4%

Seafood1

$800M4%

Beverage Products1

$615M3%

Geographic Segments

U.S. Foodservice Operations

$13.6B72%

International Foodservice Operations

$3.3B17%

Sygma Segment

$1.9B10%