XML 36 R24.htm IDEA: XBRL DOCUMENT v3.24.1.u1
BUSINESS SEGMENT INFORMATION
 9 Months Ended
Mar. 30, 2024
Segment Reporting [Abstract]  
BUSINESS SEGMENT INFORMATION BUSINESS SEGMENT INFORMATION
Sysco distributes food and related products to restaurants, healthcare and educational facilities, lodging establishments and other foodservice customers. Our primary operations are located in North America and Europe. Under the accounting provisions related to disclosures about segments of an enterprise, we have aggregated certain operating segments into three reportable segments. “Other” financial information is attributable to our other operating segments that do not meet the quantitative disclosure thresholds.

•U.S. Foodservice Operations – primarily includes (a) our U.S. Broadline operations, which distribute a full line of food products, including custom-cut meat, seafood, produce, specialty Italian, specialty imports and a wide variety of non-food products and (b) our U.S. Specialty operations, which include our FreshPoint fresh produce distribution business, our Specialty Meats and Seafood Group specialty protein operations, our growing Italian Specialty platform anchored by Greco and Sons, Inc., Edward Don, acquired in the second quarter of fiscal 2024, which distributes restaurant equipment and supplies, our Asian specialty distribution company and a number of other small specialty businesses that are not material to our operations;
•International Foodservice Operations – includes operations outside of the U.S., which distribute a full line of food products and a wide variety of non-food products. The Americas primarily consists of operations in Canada, Bahamas, Mexico, Costa Rica and Panama, as well as our export operations that distribute to international customers. Our European operations primarily consist of operations in the United Kingdom, France, Ireland and Sweden;
•SYGMA – our U.S. customized distribution operations serving quick-service chain restaurant customer locations; and
•Other – primarily our hotel supply operations, Guest Worldwide.
The accounting policies for the segments are the same as those disclosed by Sysco for its consolidated financial statements. Our Global Support Center generally includes all expenses of the corporate office and Sysco’s shared service operations. These also include all U.S. share-based compensation costs.

The following tables set forth certain financial information for Sysco’s reportable business segments:

 13-Week Period Ended39-Week Period Ended
 Mar. 30, 2024Apr. 1, 2023Mar. 30, 2024Apr. 1, 2023
Sales:(In thousands)(In thousands)
U.S. Foodservice Operations$13,707,108 $13,257,519 $40,925,350 $39,937,055 
International Foodservice Operations3,493,232 3,344,121 10,772,900 9,910,267 
SYGMA1,903,922 1,972,058 5,723,651 5,839,051 
Other275,238 301,978 865,995 910,086 
Total$19,379,500 $18,875,676 $58,287,896 $56,596,459 
 13-Week Period Ended39-Week Period Ended
 Mar. 30, 2024Apr. 1, 2023Mar. 30, 2024Apr. 1, 2023
Operating income (loss):(In thousands)(In thousands)
U.S. Foodservice Operations$852,444 $857,023 $2,632,451 $2,543,704 
International Foodservice Operations83,898 48,236 260,311 192,629 
SYGMA16,805 25,618 45,918 38,161 
Other6,371 11,836 26,581 33,244 
Total segments959,518 942,713 2,965,261 2,807,738 
Global Support Center(237,472)(246,986)(739,590)(734,387)
Total operating income722,046 695,727 2,225,671 2,073,351 
Interest expense157,853 134,931 441,867 391,123 
Other expense, net10,380 6,759 22,265 354,813 
Earnings before income taxes$553,813 $554,037 $1,761,539 $1,327,415