西斯科 2026年季度报告

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90days. YesNo☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-Tduring the preceding 12 months (or for such shorter period that the registrant was required to submit such files). YesNo☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growthcompany. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of theExchange Act. TABLE OF CONTENTS PART I – FINANCIAL INFORMATIONPage No.Item 1.Financial Statements1Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations29Item 3.Quantitative and Qualitative Disclosures about Market Risk54Item 4.Controls and Procedures54 PART I – FINANCIAL INFORMATION Sysco Corporation and its Consolidated SubsidiariesNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) Unless this Form 10-Q indicates otherwise or the context otherwise requires, the terms “we,” “our,” “us,” “Sysco,” or the“company” as used in this Form 10-Q refer to Sysco Corporation together with its consolidated subsidiaries and divisions. 1.BASIS OF PRESENTATION The consolidated financial statements have been prepared by the company, without an audit. The financial statements includeconsolidated balance sheets, consolidated results of operations, consolidated statements of comprehensive income, changes inconsolidated shareholders’ equity and consolidated cash flows. In the opinion of management, all adjustments, which consist of normal These financial statements should be read in conjunction with the audited financial statements and notes thereto included inour Annual Report on Form 10-K for the fiscal year ended June 28, 2025 (our “fiscal 2025 Form 10-K”). Certain footnote disclosuresincluded in annual financial statements prepared in accordance with generally accepted accounting principles (GAAP) have been Supplemental Balance Sheet Information Supplier Financing Programs We have agreements with third parties to provide supplier finance programs which facilitate participating suppliers’ ability tofinance payment obligations from the company with designated third-party financial institutions. Participating suppliers may, at theirsole discretion, make offers to finance one or more payment obligations of the company prior to their scheduled due dates at a Our outstanding payment obligations that suppliers financed to participating financial institutions, which are included inaccounts payable on the consolidated balance sheets, are as follows: Financed payment obligations Accounts Receivable, Less Allowances We utilize arrangements to sell portions of our trade accounts receivable to third-party financial institutions on a non-recoursebasis in exchange for cash. The arrangements meet the requirements for the receivables transferred to be accounted for as sales and areaccounted for as a reduction in trade receivables. Proceeds from the sales are reported net of negotiated discount and are recorded as areduction to accounts receivable outstanding in the company’s consolidated balance sheets and as cash flows from operating activitiesin the company’s consolidated statements of cash flows. Accounts receivable sold under these arrangements were $1.6billion and In certain instances, Sysco has continuing involvement subsequent to the transfer, limited to providing certain servicing andcollection actions on behalf of the purchasers of the designated trade receivables. The outstanding aggregate principal amount ofreceivables that has been derecognized and remain outstanding was $205 million and $189 million at December 27, 2025 and June 28, Supplemental Cash Flow Information The following table sets forth our reconciliation of cash, cash equivalents and restricted cash reported within the consolidatedbalance sheets that sum to the total of the amounts shown in the consolidated statement of cash flows: Cash and cash equivalents Restricted cash primarily represents cash and cash equivalents of Sysco’s wholly owned captive insurance subsidiary, restricted for use tosecure the insurer’s obligations for workers’ compensation, general liability and auto liability programs. Restricted cash is located within otherassets in each consolidated balance sheet. The following table sets forth our non-cash investing and financing activities: 2.NEW ACCOUNTING STANDARDS Recent Accounting Guidance Adopted Segment Reporting I