SYSCO CORPSYY
SYSCO CORP Segments Disclosure
BUSINESS SEGMENT INFORMATION
We have combined certain of our operations in three reportable segments. “Other” financial information is attributable to the company’s other operating segments that do not meet the quantitative disclosure thresholds.
•U.S. Foodservice Operations – primarily includes (a) our U.S. Broadline operations, which distribute a full line of food products, including custom-cut meat, seafood, produce, specialty Italian, specialty imports and a wide variety of non-food products and (b) our U.S. Specialty operations, which include our FreshPoint fresh produce distribution business, our Buckhead | Newport Meat & Seafood specialty protein operations, our growing Italian Specialty platform anchored by Greco & Sons, Inc., our Edward Don restaurant equipment and supplies distribution business, our Asian specialty distribution company and a number of other small specialty businesses that are not material to the operations of Sysco;
•International Foodservice Operations – includes operations outside of the United States (U.S.), which distribute a full line of food products and a wide variety of non-food products. The Americas primarily consists of operations in Canada, Bahamas, Costa Rica and Panama, as well as our export operations that distribute to international customers. Our European operations primarily consist of operations in the United Kingdom (U.K.), France, Ireland and Sweden;
•SYGMA – our U.S. customized distribution operations serving quick-service chain restaurant customer locations; and
•Other – primarily our hotel supply operations, Guest Worldwide.
The accounting policies for the segments are the same as those disclosed by Sysco for its consolidated financial statements. Our Global Support Center expenses generally include all expenses of the corporate office and Sysco’s shared service operations. Collectively, our Global Support Center provides numerous centralized services to our operating sites and performs support activities for employees, suppliers and customers. These services include customer and vendor contract administration, finance, legal, information technology, risk management and insurance, sales and marketing, merchandising, inbound logistics, human resources, and strategy. Expenses for the Global Support Center primarily consist of payroll costs for employees assigned to these operations, including severance, if any, all U.S. share-based compensation costs, and certain information technology, self-insurance, and depreciation expenses.
Our chief operating decision maker (CODM) is our chief executive officer, who is responsible for setting the company's strategic direction, managing overall operations, and is the main point of communication between the board of directors and key operational personnel within the organization. The CODM regularly reviews financial results, operating performance, and capital expenditures of our reportable segments. Our CODM uses operating income as a primary measure of segment performance and as a comparison between each of our segments. Operating income is defined as income before interest expense, other expense (income), net, and income taxes. The significant expense categories and amounts presented below align with the segment-level information that is regularly provided to the CODM. The following tables set forth certain financial information for Sysco’s business segments.
| Year Ended Jun. 28, 2025 | ||||||||||||||||||||||||||||||||
| U.S. Foodservice Operations | International Foodservice Operations | SYGMA | Other | Total | ||||||||||||||||||||||||||||
| (In millions) | ||||||||||||||||||||||||||||||||
| Sales | $ | 56,965 | $ | 14,905 | $ | 8,410 | $ | 1,090 | $ | 81,370 | ||||||||||||||||||||||
| Less: | ||||||||||||||||||||||||||||||||
| Cost of sales | 46,090 | 11,796 | 7,748 | 824 | 66,458 | |||||||||||||||||||||||||||
| Operations expense | 4,671 | 1,654 | 514 | 134 | 6,973 | |||||||||||||||||||||||||||
| Selling, general & administrative expense | 2,688 | 1,018 | 67 | 113 | 3,886 | |||||||||||||||||||||||||||
| Goodwill impairment | — | — | — | 92 | 92 | |||||||||||||||||||||||||||
| Total segment operating income | 3,516 | 437 | 81 | (73) | 3,961 | |||||||||||||||||||||||||||
| Global Support Center | (873) | |||||||||||||||||||||||||||||||
| Total operating income | 3,088 | |||||||||||||||||||||||||||||||
| Interest expense | 635 | |||||||||||||||||||||||||||||||
| Other expense (income), net | 38 | |||||||||||||||||||||||||||||||
| Earnings before income taxes | $ | 2,415 | ||||||||||||||||||||||||||||||
| Year Ended Jun. 29, 2024 | ||||||||||||||||||||||||||||||||
| U.S. Foodservice Operations | International Foodservice Operations | SYGMA | Other | Total | ||||||||||||||||||||||||||||
| (In millions) | ||||||||||||||||||||||||||||||||
| Sales | $ | 55,339 | $ | 14,561 | $ | 7,768 | $ | 1,176 | $ | 78,844 | ||||||||||||||||||||||
| Less: | ||||||||||||||||||||||||||||||||
| Cost of sales | 44,631 | 11,614 | 7,151 | 869 | 64,265 | |||||||||||||||||||||||||||
| Operations expense | 4,545 | 1,585 | 476 | 141 | 6,747 | |||||||||||||||||||||||||||
| Selling, general & administrative expense | 2,490 | 987 | 69 | 126 | 3,672 | |||||||||||||||||||||||||||
| Total segment operating income | 3,673 | 375 | 72 | 40 | 4,160 | |||||||||||||||||||||||||||
| Global Support Center | (958) | |||||||||||||||||||||||||||||||
| Total operating income | 3,202 | |||||||||||||||||||||||||||||||
| Interest expense | 607 | |||||||||||||||||||||||||||||||
| Other expense (income), net | 30 | |||||||||||||||||||||||||||||||
| Earnings before income taxes | $ | 2,565 | ||||||||||||||||||||||||||||||
| Year Ended Jul. 1, 2023 | ||||||||||||||||||||||||||||||||
| U.S. Foodservice Operations | International Foodservice Operations | SYGMA | Other | Total | ||||||||||||||||||||||||||||
| (In millions) | ||||||||||||||||||||||||||||||||
| Sales | $ | 53,683 | $ | 13,560 | $ | 7,843 | $ | 1,239 | $ | 76,325 | ||||||||||||||||||||||
| Less: | ||||||||||||||||||||||||||||||||
| Cost of sales | 43,324 | 10,919 | 7,212 | 913 | 62,368 | |||||||||||||||||||||||||||
| Operations expense | 4,352 | 1,468 | 504 | 154 | 6,478 | |||||||||||||||||||||||||||
| Selling, general & administrative expense | 2,420 | 859 | 71 | 115 | 3,465 | |||||||||||||||||||||||||||
| Total segment operating income | 3,587 | 314 | 56 | 57 | 4,014 | |||||||||||||||||||||||||||
| Global Support Center | (975) | |||||||||||||||||||||||||||||||
| Total operating income | 3,039 | |||||||||||||||||||||||||||||||
| Interest expense | 527 | |||||||||||||||||||||||||||||||
| Other expense (income), net | 227 | |||||||||||||||||||||||||||||||
| Earnings before income taxes | $ | 2,285 | ||||||||||||||||||||||||||||||
| Fiscal Year | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| Depreciation and amortization: | (In millions) | ||||||||||||||||
| U.S. Foodservice Operations | $ | 545 | $ | 499 | $ | 437 | |||||||||||
| International Foodservice Operations | 266 | 247 | 218 | ||||||||||||||
| SYGMA | 32 | 33 | 32 | ||||||||||||||
| Other | 7 | 10 | 8 | ||||||||||||||
| Total segments | 850 | 789 | 695 | ||||||||||||||
| Global Support Center | 95 | 84 | 81 | ||||||||||||||
| Total | $ | 945 | $ | 873 | $ | 776 | |||||||||||
| Fiscal Year | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| Capital Expenditures: | (In millions) | ||||||||||||||||
| U.S. Foodservice Operations | $ | 394 | $ | 366 | $ | 389 | |||||||||||
| International Foodservice Operations | 275 | 289 | 193 | ||||||||||||||
| SYGMA | 25 | 21 | 31 | ||||||||||||||
| Other | 33 | 35 | 23 | ||||||||||||||
| Total segments | 727 | 711 | 636 | ||||||||||||||
| Global Support Center | 179 | 121 | 157 | ||||||||||||||
| Total | $ | 906 | $ | 832 | $ | 793 | |||||||||||
| Fiscal Year | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| Assets: | (In millions) | ||||||||||||||||
| U.S. Foodservice Operations | $ | 13,169 | $ | 12,505 | $ | 11,398 | |||||||||||
| International Foodservice Operations | 8,119 | 7,545 | 7,433 | ||||||||||||||
| SYGMA | 922 | 923 | 840 | ||||||||||||||
| Other | 516 | 616 | 644 | ||||||||||||||
| Total segments | 22,726 | 21,589 | 20,315 | ||||||||||||||
| Global Support Center | 4,048 | 3,328 | 2,506 | ||||||||||||||
| Total | $ | 26,774 | $ | 24,917 | $ | 22,821 | |||||||||||
Information concerning geographic areas is as follows:
| Fiscal Year | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| Sales: | (In millions) | ||||||||||||||||
| United States | $ | 66,073 | $ | 63,931 | $ | 62,404 | |||||||||||
| Canada | 6,113 | 5,993 | 5,828 | ||||||||||||||
| United Kingdom | 4,081 | 3,760 | 3,340 | ||||||||||||||
| France | 1,714 | 1,712 | 1,591 | ||||||||||||||
| Other | 3,389 | 3,448 | 3,162 | ||||||||||||||
| Total | $ | 81,370 | $ | 78,844 | $ | 76,325 | |||||||||||
Plant and equipment at cost, less accumulated depreciation: | |||||||||||||||||
| United States | $ | 4,522 | $ | 4,165 | $ | 3,721 | |||||||||||
| United Kingdom | 515 | 369 | 298 | ||||||||||||||
| Canada | 372 | 364 | 335 | ||||||||||||||
| France | 345 | 308 | 300 | ||||||||||||||
| Other | 330 | 291 | 261 | ||||||||||||||
| Total | $ | 6,084 | $ | 5,497 | $ | 4,915 | |||||||||||
| Operating lease right-of-use assets, net: | |||||||||||||||||
| United States | $ | 603 | $ | 487 | $ | 338 | |||||||||||
| United Kingdom | 227 | 194 | 197 | ||||||||||||||
| Canada | 89 | 88 | 28 | ||||||||||||||
| Sweden | 58 | 32 | 37 | ||||||||||||||
| France | 56 | 59 | 65 | ||||||||||||||
| Other | 98 | 63 | 67 | ||||||||||||||
| Total | $ | 1,131 | $ | 923 | $ | 732 | |||||||||||
The sales mix for the principal product categories by segment is disclosed in Note 3, “Revenue.”
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 Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.