SYSCO CORP Earnings Per Share Disclosure
| 2025 | 2024 | 2023 | |||||||||||||||
| (In millions, except for share and per share data) | |||||||||||||||||
| Numerator: | |||||||||||||||||
| Net earnings | $ | 1,828 | $ | 1,955 | $ | 1,770 | |||||||||||
| Denominator: | |||||||||||||||||
| Weighted-average basic shares outstanding | 488,144,333 | 501,238,422 | 507,362,913 | ||||||||||||||
| Dilutive effect of share-based awards | 1,681,315 | 1,857,664 | 2,356,843 | ||||||||||||||
| Weighted-average diluted shares outstanding | 489,825,648 | 503,096,086 | 509,719,756 | ||||||||||||||
| Basic earnings per share | $ | 3.74 | $ | 3.90 | $ | 3.49 | |||||||||||
| Diluted earnings per share | $ | 3.73 | $ | 3.89 | $ | 3.47 | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Aug 22, 2025 | Showing above |
| 2024 | Aug 28, 2024 | |
| 2023 | Aug 25, 2023 | |
| 2022 | Aug 26, 2022 | |
| 2021 | Aug 30, 2021 | |
| 2020 | Aug 26, 2020 | |
| 2019 | Aug 26, 2019 | |
| 2018 | Aug 27, 2018 | |
| 2017 | Aug 30, 2017 | |
| 2016 | Aug 30, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.