Sysco acquired Edward Don & Company, a leading distributor of foodservice equipment and supplies, and BIX Produce Company, a leading produce specialty distributor. These acquisitions are expected to add strategic capabilities and diversified offerings.

Sysco's business transformation initiatives, including specialty programs and omni-channel inventory fulfillment, remain on track. These initiatives are expected to contribute to future growth and market share gains.

Sysco is focused on strategic pillars including digital, products and solutions, supply chain, customer teams, and future horizons strategies to deliver profitable growth and better serve customers.

Gross profit growth outpaced operating expense due to effective management of product cost fluctuations, strategic sourcing, and progress achieved in improving the performance of the supply chain.

Operating expense growth was lower than sales growth, indicating effective cost management. The company is focused on improving supply chain performance and colleague retention.

Sysco is making investments in physical capabilities and improved training to provide higher service levels and strengthen its ability to profitably increase market share.

The company acknowledges risks related to inflation, supply chain disruptions, and the ability to effectively manage product costs and maintain profitability.

The company notes that competition in the industry and the impact of GPOs may adversely impact margins and the ability to retain customers.

The company acknowledges the risk that its transformation initiatives may not provide the expected benefits in the anticipated time frame or may prove more costly than expected.

Sysco continues to outperform the foodservice market and expects slightly positive rates of industry volume growth for fiscal 2024.

The acquisition of Edward Don and BIX Produce demonstrates a focus on building strategic specialty platforms that help better support restaurant and hospitality customers.

The company is focused on increasing market share through various initiatives and is seeing positive results in new customer acquisitions.

Sysco is focused on improving the performance of its supply chain, which is expected to contribute to cost management and profitability.

The company's strategic sourcing efforts are contributing to effective management of product cost fluctuations and gross margin growth.

Sysco is investing in colleague retention and training to improve service levels and strengthen its ability to increase market share.

Sysco is investing in business technology transformation initiatives, which are expected to improve operations and efficiency.

The company's strategic initiative to enable omni-channel inventory fulfillment is operating in its first test region, with progress in expanding deliveries.

Global Support Center expenses include expenses associated with business technology transformation initiatives, indicating ongoing investment in technology.

Sysco increased its share repurchase expectations for fiscal 2024 to $1.25 billion, reflecting management's confidence in the company's future performance.

The company paid $505.6 million in dividends in the first 26 weeks of fiscal 2024, and declared a regular quarterly dividend for the second quarter of fiscal 2024.

Sysco paid $1.2 billion for acquisitions in the first 26 weeks of fiscal 2024, demonstrating a commitment to strategic inorganic growth.

The company has chosen a reporting threshold of $1 million for environmental matters and no material environmental matters were disclosed for this period.

Sysco expects slightly positive rates of industry volume growth for fiscal 2024, indicating a healthy long-term growth market.

The company experienced inflation at a rate of 1.1% in the second quarter of fiscal 2024, primarily driven by inflation in the meat and frozen categories.

The company measures results on a constant currency basis to mitigate the impact of exchange rate fluctuations.