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CONSOLIDATED RESULTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 30, 2023
Dec. 31, 2022
Dec. 30, 2023
Dec. 31, 2022
Income Statement [Abstract]        
Sales $ 19,287,942 $ 18,593,953 $ 38,908,396 $ 37,720,783
Cost of sales 15,774,309 15,244,337 31,746,991 30,882,312
Gross profit 3,513,633 3,349,616 7,161,405 6,838,471
Operating expenses 2,813,590 2,708,793 5,657,780 5,460,847
Operating income 700,043 640,823 1,503,625 1,377,624
Interest expense 149,680 132,042 284,014 256,192
Other expense (income), net [1],[2] 5,245 330,305 11,885 348,054
Earnings before income taxes 545,118 178,476 1,207,726 773,378
Income taxes 129,876 37,260 289,092 166,594
Net earnings $ 415,242 $ 141,216 $ 918,634 $ 606,784
Net earnings:        
Basic earnings per share (in dollars per share) $ 0.82 $ 0.28 $ 1.82 $ 1.20
Diluted earnings per share (in dollars per share) $ 0.82 $ 0.28 $ 1.81 $ 1.19
Average shares outstanding (in shares) 504,312,633 507,609,696 504,719,562 507,594,137
Diluted shares outstanding (in shares) 505,929,342 510,145,794 506,499,390 510,264,473
[1]
Gains and losses related to the disposition of fixed assets have been recognized within operating expenses. Prior year amounts have been reclassified to conform to this presentation.
[2]
Sysco’s second quarter of fiscal 2023 included a charge of $315.4 million in other expense related to pension settlement charges. See Note 9, “Company-Sponsored Employee Benefit Plans.”