SYY — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-04-29

• This discussion should be read in conjunction with our consolidated financial statements as of June 28, 2025, and for

• the fiscal year then ended, and Management’s Discussion and Analysis of Financial Condition and Results of Operations, both

• contained in our fiscal 2025 Form 10-K, as well as the consolidated financial statements (unaudited) and notes to the

• consolidated financial statements (unaudited) contained in this report.

• Our third quarter of fiscal 2026 results included sales growth of 4.7% as compared to the third quarter of fiscal 2025,

Text removed vs the prior filing · source: 10-Q · 2026-01-28

• This discussion should be read in conjunction with our consolidated financial statements as of June 28, 2025, and for the fiscal year then ended, and Management’s Discussion and Analysis of Financial Condition and Results of Operations, both contained in our fiscal 2025 Form 10-K, as well as the con…

• Our second quarter of fiscal 2026 results included sales growth of 3.0% as compared to the second quarter of fiscal 2025, driven by increased sales in our U.S. Foodservice Operations, International Foodservice Operations, and SYGMA segments. Our gross profit increased 3.9% compared to the second qua…

• Comparisons of results from the second quarter of fiscal 2026 to the second quarter of fiscal 2025 are presented below:

• ◦adjusted operating income increased 3.1%, or $24 million, to $807 million;

• ◦adjusted net earnings increased 3.9%, or $18 million, to $476 million;

Text added vs the prior filing · source: 10-Q · 2026-04-29

• Our market risks consist of interest rate risk, foreign currency exchange rate risk, fuel price risk and investment risk.

• For a discussion on our exposure to market risk, see Part II, Item 7A, “Quantitative and Qualitative Disclosures about Market

• Risks” in our fiscal 2025 Form 10-K. There have been no significant changes to our market risks since June 28, 2025, except

• for the addition of interest rate risk as a result of the Proposed Transaction. See Note 15 “Subsequent Events” for more

• information on the terms of the Proposed Transaction. We have executed cash-settled deal contingent rate lock transactions to

Text removed vs the prior filing · source: 10-Q · 2026-01-28

• Our market risks consist of interest rate risk, foreign currency exchange rate risk, fuel price risk and investment risk. For a discussion on our exposure to market risk, see Part II, Item 7A, “Quantitative and Qualitative Disclosures about Market Risks” in our fiscal 2025 Form 10-K. There have been…

Text added vs the prior filing · source: 10-Q · 2026-04-29

• Sysco’s management, with the participation of our chief executive officer and chief financial officer, evaluated the

• effectiveness of our disclosure controls and procedures as of March 28, 2026. The term “disclosure controls and procedures,” as

• defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the Exchange Act), means

• controls and other procedures of a company that are designed to ensure that information required to be disclosed by a company

• in the reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported, within the time

Text removed vs the prior filing · source: 10-Q · 2026-01-28

• Sysco’s management, with the participation of our chief executive officer and chief financial officer, evaluated the effectiveness of our disclosure controls and procedures as of December 27, 2025. The term “disclosure controls and procedures,” as defined in Rules 13a-15(e) and 15d-15(e) under the S…

• There have been no changes in our internal control over financial reporting (as that term is defined in Rules 13a-15(f) and 15d-15(f) of the Exchange Act) that occurred during the fiscal quarter ended December 27, 2025, that have materially affected, or are reasonably likely to materially affect, ou…

Text added vs the prior filing · source: 10-Q · 2026-04-29

• Item 103 of SEC Regulation S-K requires disclosure of certain environmental proceedings in which a governmental

• authority is a party to and when such proceedings involve potential monetary sanctions that Sysco’s management reasonably

• believes will exceed a specified threshold. Pursuant to recent SEC amendments to this Item, Sysco has chosen a reporting

• threshold for such proceedings of $1 million. Applying this threshold, there are no material environmental matters to disclose

• From time to time, we may be party to legal proceedings that arise in the ordinary course of our business. We do not

Text removed vs the prior filing · source: 10-Q · 2026-01-28

• Item 103 of SEC Regulation S-K requires disclosure of certain environmental proceedings in which a governmental authority is a party to and when such proceedings involve potential monetary sanctions that Sysco’s management reasonably believes will exceed a specified threshold. Pursuant to recent SEC…

• From time to time, we may be party to legal proceedings that arise in the ordinary course of our business. We do not believe there are any pending legal proceedings that, individually or in the aggregate, will have a material adverse effect on the company’s financial condition, results of operations…

Text added vs the prior filing · source: 10-Q · 2026-04-29

• During the quarter ended March 28, 2026, no director or executive officer of Sysco adopted or terminated a Rule

• 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement (each term as defined in Item 408(a) of Regulation S-K).

Text removed vs the prior filing · source: 10-Q · 2026-01-28

• During the quarter ended December 27, 2025, no director or executive officer of Sysco adopted or terminated a Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement (each term as defined in Item 408(a) of Regulation S-K).