Sysco (SYY) 10-K Summary — Year Ended Jun 29, 2024
Sysco's filing describes its operations in distributing products to customers, with a focus on efficient order fulfillment and inventory management. The report shows financial metrics for the latest annual period and includes a discussion of risk factors and liquidity.
Key takeaway
Year ended Jun 29, 2024 · FY2025 10-K
Sysco's filing describes its operations in distributing products to customers, with a focus on efficient order fulfillment and inventory management. The report shows financial metrics for the latest annual period and includes a discussion of risk factors and liquidity.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$78.8B
Revenue reported for the fiscal year.
Operating income
$3.2B
Income from operations reported for the year.
Net income
$2B
Net income reported for the year.
Operating cash flow
$3B
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% |
| Jun 29, 2024 | $78.8B | +3.3% |
Business overview
The company markets and distributes products to customers, typically filling orders within one day. It maintains inventory levels based on demand, shelf-life, and supplier lead times, and it takes advantage of supplier cash discounts when beneficial.
Financial performance
Revenue increased compared to the prior period. Operating income and net income were reported, along with operating cash flow, indicating the company's financial results for the year.
Material risks
The filing includes a section on risk factors, but no specific risks are described in the provided context.
Liquidity and capital
The company extends credit to customers, monitors accounts, and suspends shipments if needed. It also manages inventory and takes supplier cash discounts to optimize working capital.
What to watch
Investors should monitor the trend in revenue growth in the next filing.