SYYSysco Corporation

$41B

Q2 2023 Earnings

Consumer Defensive Food Distribution

Income Statement

Revenue

$18.6B+13.9% YoY

Gross Profit

$3.3B18.0% margin

Operating Income

$641M3.4% margin

Net Income

$141M0.8% margin

EPS (Diluted)

$0.28

QoQ Revenue Growth

-2.8%

Cash Flow

Operating Cash Flow

$345M

Free Cash Flow

$202M

Stock-Based Comp.

$25M

Balance Sheet

Total Assets

$22.1B

Total Liabilities

$20.6B

Stockholders' Equity

$1.4B

Cash & Equivalents

$500M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$18.6B	$16.3B	+13.9%
Gross Profit	$3.3B	$2.9B	+15.9%
Operating Income	$641M	$445M	+44.0%
Net Income	$141M	$167M	-15.7%

Revenue Segments

Canned And Dry Products1

$3.4B19%

Fresh And Frozen Meats1

$3.3B18%

Frozen Fruits, Vegetables, Bakery And Other1

$2.8B15%

Dairy Products1

$2.0B11%

Poultry1

$1.9B10%

Fresh Produce1

$1.7B9%

Paper And Disposables1

$1.3B7%

Other Products

$849M5%

Seafood1

$695M4%

Beverage Products1

$595M3%

Geographic Segments

U.S. Foodservice Operations

$13.1B71%

International Foodservice Operations

$3.3B18%

Sygma Segment

$1.9B11%