SYYSysco Corporation

$41B

Q3 2023 Earnings

Consumer Defensive Food Distribution

Income Statement

Revenue

$18.9B+11.7% YoY

Gross Profit

$3.4B18.2% margin

Operating Income

$696M3.7% margin

Net Income

$430M2.3% margin

EPS (Diluted)

$0.84

QoQ Revenue Growth

+1.5%

Cash Flow

Operating Cash Flow

$922M

Free Cash Flow

$758M

Stock-Based Comp.

$21M

Balance Sheet

Total Assets

$22.7B

Total Liabilities

$21.1B

Stockholders' Equity

$1.6B

Cash & Equivalents

$758M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$18.9B	$16.9B	+11.7%
Gross Profit	$3.4B	$3.0B	+13.9%
Operating Income	$696M	$496M	+40.3%
Net Income	$430M	$303M	+41.6%

Revenue Segments

Canned And Dry Products1

$3.6B19%

Fresh And Frozen Meats1

$3.3B18%

Frozen Fruits, Vegetables, Bakery And Other1

$2.8B15%

Dairy Products1

$2.1B11%

Poultry1

$1.8B10%

Fresh Produce1

$1.6B9%

Paper And Disposables1

$1.3B7%

Other Products

$841M4%

Seafood1

$751M4%

Beverage Products1

$640M3%

Geographic Segments

U.S. Foodservice Operations

$13.3B71%

International Foodservice Operations

$3.3B18%

Sygma Segment

$2.0B11%