Sysco Corporation announced its financial results for the third fiscal quarter ended March 29, 2025, reporting sales of $19.6 billion, an increase of 1.1% compared to the prior year. Gross profit decreased by 0.8% to $3.6 billion, with gross margin declining 35 basis points to 18.3%.
Operating income decreased 5.7% to $681 million, and adjusted operating income decreased 3.3% to $773 million. Diluted EPS was $0.82, a 3.5% decrease, while adjusted EPS remained flat at $0.96 compared to the prior year.
The company's results were negatively impacted by California wildfires, adverse weather conditions, and weakening consumer confidence, which reduced restaurant foot traffic. Consequently, Sysco updated its fiscal year 2025 guidance, now expecting sales growth of approximately 3% (down from 4%-5%) and adjusted EPS growth of at least 1% (down from 6%-7%).
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