Filing Flows › Sysco (SYY) › Q3 FY25
Sysco (SYY) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Apr 30, 2025
Sysco (SYY) reported revenue of $19.6B for the third quarter fiscal 2025 (Q3 FY25), +1% from a year earlier and -3% from the quarter before. Operating margin was 3.5%, net earnings $401M (2.0% of revenue).
Sysco, Q3 FY25: revenue $19.6B (+1% year over year), operating margin 3.5%, net earnings $401M, operating cash flow $819M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $19.6B | -3% | +1% |
| Gross profit | $3.6B | -2% | -0.8% |
| Operating profit | $681M | -4% | -6% |
| Net earnings | $401M | -1% | -6% |
| Operating cash flow | $819M | +84% | +58% |
| Free cash flow | $620M | +165% | +86% |
What changed
Revenue was $19.6B in Q3 FY25, up 1% year over year and down 3% from the previous quarter. Fresh and frozen meats was the largest line at 19% of revenue. Fresh and frozen meats added $0.25B year over year (up 7%), 113% of the total change. Fresh produce declined 8%.
Gross margin was 18.3%, down 0.4 points from a year earlier. Operating profit was $0.68B, a 3.5% margin (down 0.3 points year over year). Operating profit fell $0.04B even though revenue rose $0.22B versus a year earlier, so costs grew faster than sales. Operating expenses grew 0% against revenue growth of 1%. Net earnings were $0.40B, down 6% year over year. The effective tax rate was 23.3%.
Operating cash flow was $0.82B (up 58% year over year), 204% of net earnings. Non-cash charges added back $0.24B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.17B. Capital expenditures of $0.20B left free cash flow of $0.62B.
Questions
What was Sysco's revenue in the third quarter fiscal 2025?
Sysco (SYY) reported revenue of $19.6B for the third quarter fiscal 2025 (Q3 FY25), +1% from a year earlier and -3% from the quarter before.
Was Sysco profitable in the third quarter fiscal 2025?
Operating profit was $681M (3.5% of revenue) and net earnings $401M.
Source: Sysco 10-Q on SEC EDGAR.