Core Viewpoint - Sysco Corporation reported third-quarter fiscal 2025 results with an increase in sales but flat earnings year over year, both of which fell short of the Zacks Consensus Estimate [1][4]. Financial Performance - Adjusted earnings per share were 96 cents, missing the Zacks Consensus Estimate of $1.03 [4]. - Sales reached $19,598 million, a 1.1% year-over-year increase, but below the consensus estimate of $19,969 million. Currency headwinds negatively impacted sales by $117 million [4]. - Gross profit declined 0.8% year over year to $3.8 billion, with a gross margin decrease of 35 basis points to 18.3% [5]. - Operating income dropped 5.7% year over year to $681 million, while adjusted operating income fell 3.3% to $773 million [6]. Segment Analysis - **U.S. Foodservice Operations**: Sales rose 0.7% year over year to $13,800 million, missing the consensus estimate of $14,205 million. Total case volume declined 2% [7]. - **International Foodservice Operations**: Sales decreased 1.1% year over year to $3,457 million, lagging the consensus estimate of $3,517 million. Adjusted for constant currency, sales increased by 2.2% [9]. - **SYGMA Segment**: Sales were $2,084 million, exceeding the consensus estimate of $2,047 million [10]. Financial Health - The company ended the quarter with cash and cash equivalents of $1,527 million and long-term debt of $12,234 million [14]. - Cash flow from operations for the first 39 weeks of fiscal 2025 was $1,317 million, with free cash flow amounting to $954 million [14]. - Sysco returned $1.5 billion to shareholders through share buybacks and dividends during the first 39 weeks of fiscal 2025 [15].