SYYSysco Corporation

$41B

Q1 2024 Earnings

Consumer Defensive Food Distribution

Income Statement

Revenue

$19.6B+2.6% YoY

Gross Profit

$3.6B18.6% margin

Operating Income

$804M4.1% margin

Net Income

$503M2.6% margin

EPS (Diluted)

$0.99

QoQ Revenue Growth

-0.5%

Cash Flow

Operating Cash Flow

$87M

Free Cash Flow

-$84M

Stock-Based Comp.

$24M

Balance Sheet

Total Assets

$23.3B

Total Liabilities

$21.1B

Stockholders' Equity

$2.1B

Cash & Equivalents

$569M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$19.6B	$19.1B	+2.6%
Gross Profit	$3.6B	$3.5B	+4.6%
Operating Income	$804M	$737M	+9.1%
Net Income	$503M	$466M	+8.0%

Revenue Segments

Canned And Dry Products1

$3.7B19%

Fresh And Frozen Meats1

$3.6B18%

Frozen Fruits, Vegetables, Bakery And Other1

$3.0B15%

Dairy Products1

$2.0B10%

Poultry1

$1.9B10%

Fresh Produce1

$1.7B9%

Paper And Disposables1

$1.3B7%

Other Products

$865M4%

Seafood1

$746M4%

Beverage Products1

$703M4%

Geographic Segments

U.S. Foodservice Operations

$13.7B71%

International Foodservice Operations

$3.7B19%

Sygma Segment

$1.9B10%