secwatch.observer — SEC 8-K summary
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Issuer:     SYSCO CORP (SYY)
CIK:        0000096021
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0000096021-23-000063
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sysco Q3: record adjusted operating income $735.5M; EPS $0.84, sales +11.7% YoY
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- Sales increased 11.7% YoY; gross profit $3.4B (+13.9%); US foodservice volume +6.1%.
- Operating income $694.2M (+40.0%); adjusted operating income record $735.5M (+27.8%).
- GAAP EPS $0.84 (+42.4%); adjusted EPS $0.90 (+26.8%); EBITDA $885M (+25.8%).
- Net debt to adjusted EBITDA 2.8x; returned $359M to shareholders ($110M buybacks, $249M dividends).
- Free cash flow $980M year-to-date; supply chain efficiency gains and market share gains.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/96021/000009602123000063/0000096021-23-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/96021/000009602123000063/syy-20230502.htm
  HTML page:      https://secwatch.observer/filing/0000096021-23-000063

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer