secwatch.observer — SEC 8-K summary
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Issuer:     SYSCO CORP (SYY)
CIK:        0000096021
Form:       8-K
Filed at:   2023-01-31T23:59:59+00:00
Accession:  0000096021-23-000031
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sysco Q2: Adjusted EPS up 40% to $0.80; GAAP EPS down due to $315M pension charge
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- Sales increased 13.9% to $3.3B; U.S. Foodservice volume up 5.2%.
- Adjusted operating income rose to $682.1M (+44%); adjusted EBITDA up 23.9% to $831.3M.
- GAAP EPS fell to $0.28 from $0.33, reflecting a non-cash pension liability transfer charge of $315.4M.
- Net Debt to adjusted EBITDA ratio of 3.0x; returned over $249M to shareholders.
- CEO cites double-digit growth, market share gains, and Recipe For Growth strategy progress.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/96021/000009602123000031/0000096021-23-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/96021/000009602123000031/syy-20230131.htm
  HTML page:      https://secwatch.observer/filing/0000096021-23-000031

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