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CONSOLIDATED RESULTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Mar. 30, 2024
Apr. 01, 2023
Income Statement [Abstract]        
Sales $ 19,379,500 $ 18,875,676 $ 58,287,896 $ 56,596,459
Cost of sales 15,770,444 15,444,316 47,517,435 46,326,628
Gross profit 3,609,056 3,431,360 10,770,461 10,269,831
Operating expenses 2,887,010 2,735,633 8,544,790 8,196,480
Operating income 722,046 695,727 2,225,671 2,073,351
Interest expense 157,853 134,931 441,867 391,123
Other expense (income), net [1],[2] 10,380 6,759 22,265 354,813
Earnings before income taxes 553,813 554,037 1,761,539 1,327,415
Income taxes 129,125 124,433 418,217 291,027
Net earnings $ 424,688 $ 429,604 $ 1,343,322 $ 1,036,388
Net earnings:        
Basic earnings per share (in dollars per share) $ 0.85 $ 0.85 $ 2.67 $ 2.04
Diluted earnings per share (in dollars per share) $ 0.85 $ 0.84 $ 2.66 $ 2.03
Average shares outstanding (in shares) 499,642,505 507,716,975 503,027,209 507,635,083
Diluted shares outstanding (in shares) 501,921,446 509,842,400 504,973,406 510,123,782
[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.”