Sysco (SYY) 10-K Summary — Year Ended Jul 1, 2023
Sysco Corporation is a foodservice distributor that reported substantial revenue and positive operating income and net income for the fiscal year. Operating cash flow was strong, reflecting the company's ability to generate cash from its operations.
Key takeaway
Year ended Jul 1, 2023 · FY2025 10-K
Sysco Corporation is a foodservice distributor that reported substantial revenue and positive operating income and net income for the fiscal year. Operating cash flow was strong, reflecting the company's ability to generate cash from its operations.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$76.3B
Revenue reported for the fiscal year.
Operating income
$3B
Income from operations reported for the year.
Net income
$1.8B
Net income reported for the year.
Operating cash flow
$2.9B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $18.6B | n/a |
| Apr 1, 2023 | $18.9B | +1.5% |
| Jul 1, 2023 | $76.3B | +304.4% |
Business overview
Sysco is a foodservice distributor that provides products and services to customers. The company operates a Global Support Center offering centralized services in areas such as accounting, legal, information technology, and supply chain expertise. It extends credit to customers, fills most orders within a day, and manages inventory based on demand and supplier lead times.
Financial performance
Revenue for the fiscal year was substantial, and the company reported positive operating income and net income. Operating cash flow was also strong, indicating healthy cash generation from core operations.
Material risks
The filing includes a risk factors section, but the supplied context does not contain specific risk descriptions. Therefore, no material risks can be identified from the provided data.
Liquidity and capital
The company manages liquidity by extending credit to customers, monitoring accounts, and taking advantage of supplier cash discounts. It maintains inventory to meet demand and purchases additional volumes when pricing opportunities arise.
What to watch
Readers should monitor the company's operating cash flow trend in the next filing.