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CONSOLIDATED RESULTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Jul. 01, 2023
Apr. 01, 2023
Dec. 31, 2022
Oct. 01, 2022
Jul. 01, 2023
Jul. 02, 2022
Jul. 03, 2021
Income Statement [Abstract]              
Sales $ 19,728,216 $ 18,875,676 $ 18,593,953 $ 19,126,830 $ 76,324,675 $ 68,636,146 $ 51,297,843
Cost of sales 16,043,050 15,444,316 15,244,337 15,637,975 62,369,678 56,315,622 41,941,094
Gross profit 3,685,166 3,431,360 3,349,616 3,488,855 13,954,997 12,320,524 9,356,749
Operating expenses 2,715,769 2,737,183 2,708,974 2,754,522 10,916,448 9,974,024 7,909,561
Operating income 969,397 694,177 640,642 734,333 3,038,549 2,346,500 1,447,188
Interest expense 135,629 134,931 132,042 124,150 526,752 623,643 880,137
Other expense (income), net (124,172) 5,209 330,124 15,281 226,442 [1] (23,916) [1] (17,677) [1]
Earnings before income taxes 957,940 554,037 178,476 594,902 2,285,355 1,746,773 584,728
Income taxes 224,204 124,433 37,260 129,334 515,231 388,005 60,519
Net earnings $ 733,736 $ 429,604 $ 141,216 $ 465,568 $ 1,770,124 $ 1,358,768 $ 524,209
Net earnings:              
Basic earnings per share (in dollars per share) $ 1.45 $ 0.85 $ 0.28 $ 0.92 $ 3.49 $ 2.66 $ 1.03
Diluted earnings per share (in dollars per share) $ 1.44 $ 0.84 $ 0.28 $ 0.91 $ 3.47 $ 2.64 $ 1.02
Average shares outstanding (in shares)         507,362,913 510,630,645 510,696,398
Diluted shares outstanding (in shares)         509,719,756 514,005,827 513,555,088
[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 14, “Company-Sponsored Employee Benefit Plans.” Sysco’s fourth quarter of fiscal 2023 included $122.0 million in other income related to a legacy litigation financing agreement. See Note 20, “Commitments and Contingencies.” Gains and losses related to the disposition of fixed assets have been recognized within operating expenses. Prior year amounts have been reclassified to conform to this presentation.