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CONSOLIDATED RESULTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2022
Jan. 02, 2022
Dec. 31, 2022
Jan. 02, 2022
Income Statement [Abstract]        
Sales $ 18,593,953 $ 16,320,203 $ 37,720,783 $ 32,776,749
Cost of sales 15,244,337 13,429,053 30,882,312 26,913,891
Gross profit 3,349,616 2,891,150 6,838,471 5,862,858
Operating expenses 2,708,974 2,446,241 5,463,496 4,786,267
Operating income 640,642 444,909 1,374,975 1,076,591
Interest expense 132,042 242,899 256,192 371,113
Other expense (income), net [1] 330,124 (10,676) 345,405 (13,928)
Earnings before income taxes 178,476 212,686 773,378 719,406
Income taxes 37,260 45,245 166,594 173,952
Net earnings $ 141,216 $ 167,441 $ 606,784 $ 545,454
Net earnings:        
Basic earnings per share (in dollars per share) $ 0.28 $ 0.33 $ 1.20 $ 1.07
Diluted earnings per share (in dollars per share) $ 0.28 $ 0.33 $ 1.19 $ 1.06
Average shares outstanding (in shares) 507,609,696 511,044,400 507,594,137 511,780,234
Diluted shares outstanding (in shares) 510,145,794 514,574,889 510,264,473 515,178,910
[1] Sysco’s second quarter of fiscal 2023 included a charge for $315.4 million in other expense related to pension settlement charges. See Note 9, “Company-Sponsored Employee Benefit Plans.”