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News Release For more information contact : Neil Russell Investor Contact neil.russell@sysco.com T 281-584-1308 Shannon Mutschler Media Contact shannon.mutschler@sysco.com T 281-584-4059 ● 1 At the heart of food and service Sysco Corporation 1390 Enclave Parkway Houston , TX 77077 SYSCO DELIVERS STRONG FIRST QUARTER RESULTS INCLUDING MEANINGFUL MARKET SHARE GAINS ; REITERATING FISCAL YEAR 2022 GUIDANCE HOUSTON , November 9 , 2021 - Sysco Corporation ( NYSE : SYY ) today announced financial results for its 13 - week first fiscal quarter ended October 2 , 2021 . sysco.com Key highlights for the first quarter of fiscal year 2022 : Strong sales growth of 8 % compared to 2019 levels , with meaningful market share gains ; October sales growth of 10 % compared to 2019 levels , continuing Q1 sequential sales improvement ; Generated EBITDA comparable to pre - COVID 2019 levels ; Inflation effectively managed , despite the dynamic supply chain environment ; Gross profit per case increases across all segments ; Sysco's Recipe for Growth strategy advances ; and International operations delivered substantial profitability . " Sysco delivered strong results this quarter , fueled by meaningful market share gains . These results reflected sequential top - line improvements and another quarter of net new business wins , continued efficient pass through of inflation , including an increase in gross profit per case , as well as substantial effort by our merchandising team to improve customer fill rates despite ongoing supply challenges , " said Kevin Hourican , Sysco's president and chief executive officer . " I want to thank all of our Sysco associates for their tireless efforts during the quarter to support our customers in a dynamic environment , all while making continued advances against our Recipe for Growth strategy . " Key financial results for the first quarter of fiscal year 2022 included : Sales trends improved as markets continue to reopen ; first quarter sales increased 39.7 % versus the same period in fiscal year 2021 and increased 8.2 % versus the same period in fiscal year 2019 ; Gross profit increased 33.9 % to $ 3.0 billion , as compared to the same period last year , and gross profit increased 2.3 % , as compared to the same period in fiscal year 2019 ; Operating income increased 50.6 % to $ 631.7 million , and adjusted¹ operating income increased to $ 685.1 million , as compared to the same period last year , while operating income increased 0.6 % and adjusted¹ operating income decreased only 1.0 % , as compared to the same period in fiscal year 2019 ; Earnings before interest , taxes , depreciation and amortization ( " EBITDA " ) increased to $ 821.4 million , and adjusted EBITDA increased to $ 852.8 million , in each case as compared to the same period last year , while EBITDA increased 0.8 % and adjusted EBITDA decreased 0.6 % , in each case as compared to the same period in fiscal year 2019 ; ² and ¹ Adjusted financial results , including adjusted operating income ( loss ) , adjusted operating expenses , and adjusted Eamings Per Share ( EPS ) , are non - GAAP financial measures that exclude certain items , which primarily include acquisition - related costs , restructuring costs , transformational project costs and adjustments to our bad debt reserve specific to aged receivables existing prior to the COVID - 19 pandemic . Specific to adjusted EPS , this year's Certain Items include the impact of an increase in reserves for uncertain tax positions . The fiscal 2021 Certain Items include the impact of a loss on the sale of Cake Corporation and the impact of a U.K. tax law change . Reconciliations of all non - GAAP financial measures to the nearest corresponding GAAP financial measure are included at the end of this release . 2 EBITDA and adjusted EBITDA are non - GAAP financial measures . Reconciliations of all non - GAAP financial measures to the nearest corresponding GAAP financial measure are included at the end of this release .