XML 22 R4.htm IDEA: XBRL DOCUMENT v3.26.3
CONSOLIDATED RESULTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Sep. 26, 2026
Sep. 27, 2025
Income Statement [Abstract]    
Sales $ 21,744 $ 21,148
Cost of sales 17,693 17,247
Gross profit 4,051 3,901
Operating expenses 3,334 3,101
Operating income 717 800
Interest expense 261 172
Other expense (income), net [1] (231) 28
Earnings before income taxes 687 600
Income taxes 161 124
Net earnings $ 526 $ 476
Net earnings:    
Basic earnings per share (in dollars per share) $ 1.09 $ 0.99
Diluted earnings per share (in dollars per share) $ 1.09 $ 0.99
Average shares outstanding (in shares) 481,341,826 478,761,180
Diluted shares outstanding (in shares) 482,945,241 480,365,666
[1]
(1) Sysco’s first quarter of fiscal 2027 included a gain of $234 million in other income related to deal contingent rate lock transactions entered into to mitigate interest rate risk on permanent debt issued to finance the purchase of JRD Unico, Inc. and Warehouse Realty, LLC (collectively, Jetro Restaurant Depot or JRD). See Note 7, “Derivative Financial Instruments.”