SYYSysco Corporation

$41B

Q4 2023 Earnings

Consumer Defensive Food Distribution

Income Statement

Revenue

$19.7B+4.1% YoY

Gross Profit

$3.7B18.7% margin

Operating Income

$969M4.9% margin

Net Income

$734M3.7% margin

EPS (Diluted)

$1.44

QoQ Revenue Growth

+4.5%

Cash Flow

Operating Cash Flow

$1.4B

Free Cash Flow

$1.1B

Stock-Based Comp.

$22M

Balance Sheet

Total Assets

$22.8B

Total Liabilities

$20.8B

Stockholders' Equity

$2.0B

Cash & Equivalents

$745M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$19.7B	$19.0B	+4.1%
Gross Profit	$3.7B	$3.4B	+7.0%
Operating Income	$969M	$767M	+26.4%
Net Income	$734M	$510M	+43.9%

Revenue Segments

Canned And Dry Products1

$3.8B19%

Fresh And Frozen Meats1

$3.5B18%

Frozen Fruits, Vegetables, Bakery And Other1

$3.0B15%

Dairy Products1

$2.1B10%

Poultry1

$1.9B10%

Fresh Produce1

$1.7B9%

Paper And Disposables1

$1.4B7%

Other Products

$923M5%

Seafood1

$778M4%

Beverage Products1

$708M4%

Geographic Segments

U.S. Foodservice Operations

$13.7B71%

International Foodservice Operations

$3.6B19%

Sygma Segment

$2.0B10%