Exhibit 99.1

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.

Key highlights for the first quarter of fiscal year 2022:

“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:

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“Our strong financial results this quarter reflect strong sales growth over the prior year and 2019 levels, along with excellent operating leverage. Notwithstanding significant snap back and transformation costs in the quarter, we generated EBITDA comparable to pre-COVID 2019 levels. We will continue to deploy Sysco’s strong cash flow and balance sheet consistent with our capital allocation strategy, as we invest for growth, maintain strong ratings and return capital to shareholders,” said Aaron Alt, Sysco’s chief financial officer.

First Quarter Fiscal 2022 Results

Total Sysco

Sales for the first quarter were $16.5 billion, an increase of 39.7% compared to the same period last year. The exit rate for the first quarter was stronger than the overall quarter, indicating increasing strength in the food away-from-home market.

Gross profit increased 33.9% to $3.0 billion, and gross margin decreased 79 basis points to 18.1%, compared in each case to the same period last year. The increase in gross profit for the first quarter was primarily driven by higher volumes and high rates of inflation that were effectively passed on to customers.

Operating expenses increased $539.8 million, or 30.0%, compared to the same period last year, driven by increased volumes, one-time expenses associated with the snap-back, and investments against our transformation initiatives. Adjusted operating expenses increased $431.5 million, or 23.3%, compared to the same period last year.

Operating income was $631.7 million, an increase of $212.1 million, or 50.6%, compared to the same period last year. Adjusted operating income was $685.1 million, an increase of $320.4 million compared to the same period last year.

U.S. Foodservice Operations

The U.S. Foodservice Operations segment saw continued growth resulting in overall share gain.

Sales for the first quarter were $11.6 billion, an increase of 46.5% compared to the same period last year. Local case volume within U.S. Broadline operations increased 23.8% for the first quarter, while total case volume within U.S. Broadline operations increased 28.1%. Both increases represent organic growth.

Gross profit increased 36.6% to $2.2 billion, and gross margin decreased 136 basis points to 18.8%, compared in each case to the same period last year. Product cost inflation was 13.4% in U.S. Broadline, as measured by the estimated change in Sysco’s product costs, primarily in the meat, poultry, and canned and dry products categories.

Operating expenses increased $376.3 million, or 37.2%, compared to the same period last year. Adjusted operating expenses increased $292.7 million, or 26.7%, compared to the same period last year.

Operating income was $797.5 million, an increase of $209.1 million, compared to the same period last year. Adjusted operating income was $795.8 million, an increase of $292.7 million, compared to the same period last year.

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International Foodservice Operations

The International Foodservice Operations segment returned to profitability, as it delivered operating income improvement compared to the prior quarter and prior year.

Sales for the first quarter were $2.9 billion, an increase of 33.8% compared to the same period last year. On a constant currency basis⁴, sales for the first quarter were $2.8 billion, an increase of 28.2% compared to the same period last year. Foreign exchange rates increased International Foodservice Operations sales by 5.6% and total Sysco sales by 1.1% during the quarter.

Gross profit increased 30.8% to $589.1 million, and gross margin decreased 48 basis points to 20.3%, compared in each case to the same period last year. On a constant currency basis⁴, gross profit increased 25.8% to $566.4 million. Foreign exchange rates increased International Foodservice Operations gross profit by 5.0% and total Sysco gross profit by 1.1% during the quarter.

Operating expenses increased $101.5 million, or 22.5%, compared to the same period last year. Adjusted operating expenses increased $93.4 million, or 21.6%, compared to the same period last year, mainly due to increased volume and investments in the snap-back and transformation costs. On a constant currency basis⁴, adjusted operating expenses increased $72.3 million, or 16.8%, compared to the same period last year. Foreign exchange rates increased International Foodservice Operations operating expense by 4.9% and total Sysco operating expense by 1.2% during the quarter.

Operating income was $36.7 million, an improvement of $37.2 million compared to the same period last year. Adjusted operating income increased $45.3 million compared to the same period last year. On a constant currency basis⁴, adjusted operating income was $62.5 million, an increase of $43.7 million compared to the same period last year. Foreign exchange rates increased International Foodservice Operations operating income by $1.7 million and increased total Sysco operating income by $2.1 million during the quarter.

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Cash Flow and Capital Spending

Cash flow from operations was $110.8 million for the first 13 weeks of fiscal 2022, as the Company prioritized investments in inventory in support of managing product availability during the snap back better than the industry and also purposefully invested in longer-lead inventory to support customers, such as K-12 schools and health care facilities, during the snap back, consistent with Sysco’s Purpose statement.

Capital expenditures, net of proceeds from sales of plant and equipment, for the first 13 weeks of fiscal 2022 were $79.4 million.

Free cash flow⁵ for the first 13 weeks of fiscal 2022 was $31.4 million.

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Conference Call & Webcast

Sysco will host a conference call to review the company’s first quarter fiscal 2022 financial results on Tuesday, November 9, 2021, at 10:00 a.m. Eastern. A live webcast of the call, accompanying slide presentation and a copy of this news release will be available online at investors.sysco.com.

Key Highlights:

Note:

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Forward-Looking Statements

Statements made in this press release or in our earnings call for the first quarter of fiscal 2022 that look forward in time or that express management’s beliefs, expectations or hopes are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements reflect the views of management at the time such statements are made and are subject to a number of risks, uncertainties, estimates, and assumptions that may cause actual results to differ materially from current expectations. These statements include statements concerning: the effect, impact, potential duration or other implications of the coronavirus (“COVID-19”) pandemic and any expectations we may have with respect thereto, including the extent and duration of lockdowns in the U.S. and Europe; our expectations regarding the pace and timing of the business recovery in the U.S. and Europe; our expectations that our transformational agenda will drive long-term growth; our belief in Sysco’s ability to take market share, and our expectations regarding future market share gains in fiscal 2022 and 2024; our belief that growth in customers and sales in the first quarter of fiscal 2022 will fuel our success in future periods; our expectations regarding the continuation of an inflationary environment; our expectations regarding improvements in the travel, hospitality and foodservice management sectors of our business, and the impact that recovery in such sectors will have on our business; our expectations that our business and industry segment will see upward momentum in January as select companies plan to begin reopening their offices at that time; our expectations that the easing of international travel restrictions should benefit our hospitality sector in specific regions of our business; our expectations regarding the impact of our Recipe for Growth strategy on our international results; our expectations that our strategic priorities will enable us to grow faster than the market; our expectations regarding our efforts to reduce overtime rates and the incremental investments in hiring, and that profit flow through should improve throughout fiscal 2022 as a result; our expectations regarding the impact of our new pricing systems on our business; our expectations regarding the impact of our personalization engine on our business; our ability to accelerate profitable growth; our expectations regarding the impact of the Greco and Sons acquisition, and the acquisition of a produce distributor, on our business; our expectations regarding our ability to grow faster than the total market in fiscal 2022 and fiscal 2024; our expectations regarding our partnership with suppliers and the performance of our suppliers in fiscal 2022 and 2023; our plans and expectations regarding the Sysco Driver Academy; our expectations regarding incremental operational expenses as a result of enhanced safety and health regulations; our savings goals from fiscal 2023 through fiscal 2024; our ability to deliver against our strategic priorities; economic trends in the United States and abroad; our plans to reduce indebtedness by the end of fiscal 2022, including the repayment of notes in fiscal 2022; our commitments to further reduce debt in fiscal 2022; our expectations regarding our ability to hit our leverage target; our expectations regarding our dividend payments in calendar year 2022; our plans to increase capital expenditures; our future growth; our expectations regarding profits and sales in fiscal 2022; our expectations regarding the effects of our cost savings, including effects on profit growth; the pace of implementation of our business transformation initiatives; our expectations regarding our overall effective tax rate in fiscal 2022; our expectations regarding our earnings per share in fiscal 2022; our expectations regarding capital expenditures and our net debt to adjusted EBITDA target; our expectations regarding the commencement of share repurchase activity under our share repurchase program; our expectations regarding snap-back and transformation investments, and the decline of snap-back costs as the year progresses; and our commitments to responsible growth and efficiency improvements; our implementation of cost-out programs to fund snap-back and transformation costs.

The success of our plans and expectations regarding our operating performance are subject to the general risks associated with our business, including the risks of interruption of supplies due to lack of long-term contracts, severe weather, crop conditions, work stoppages, intense competition, technology disruptions, dependence on large, long-term regional and national customers, inflation risks, the impact of fuel prices, adverse publicity, labor issues, political or financial instability, trade restrictions, tariffs, currency exchange rates, transport capacity and costs and other factors relating to foreign trade, any or all of which could delay our receipt of product or increase our input costs. Risks and uncertainties also include the impact and effects of public health crises, pandemics and epidemics, such as the COVID-19 pandemic, and the adverse impact thereof on our business, financial condition and results of operations, including, but not limited to, our growth, product costs, supply chain, labor availability, logistical capabilities, customer demand for our products and industry demand generally, consumer spending, our liquidity, the price of our securities and trading markets with respect thereto, our credit ratings, our ability to maintain compliance with the covenants in our credit agreement, our ability to access capital markets, and the global economy and financial markets generally. Risks and uncertainties also include risks impacting the economy generally, including the risks that the current general economic conditions will deteriorate, or consumer confidence in the economy or consumer spending, particularly on food-away-from-home, may decline. Market conditions may not improve. Competition and the impact of GPOs may reduce our margins and make it difficult for us to maintain our market share, growth rate and profitability. We may not be able to fully compensate for increases in fuel costs, and fuel hedging arrangements intended to contain fuel costs could result in above market fuel costs. Our ability to meet our long-term strategic objectives depends on our ability to grow gross profit, leverage our supply chain costs and reduce administrative costs. This will depend largely on the success of our various business initiatives, including efforts related to revenue management, expense management, our digital e-commerce strategy and any efforts related to restructuring or the reduction of administrative costs. There are various risks related to these efforts, including the risk that if sales from our locally managed customers do not grow at the same rate as sales from regional and national customers, or if we are unable to continue to accelerate local case growth, our gross margins may decline; the risk that we are unlikely to be able to predict inflation over the long term, and lower inflation is likely to produce lower gross profit; the risk that our efforts to mitigate increases in warehouse costs may be unsuccessful; the risk that we may not be able to accelerate and/or identify additional administrative cost savings in order to compensate for any gross profit or supply chain cost leverage challenges; the risk that these efforts may not provide the expected benefits in our anticipated time frame, if at all, and may prove costlier than expected; the risk that the actual costs of any initiatives may be greater or less than currently expected; and the risk of adverse effects to our business, results of operations and liquidity if past and future undertakings, and the associated changes to our business, do not prove to be cost effective or do not result in the cost savings and other benefits at the levels that we anticipate. Our plans related to and the timing of any initiatives are subject to change at any time based on management’s subjective evaluation of our overall business needs. If we are unable to realize the anticipated benefits from our efforts, we could become cost disadvantaged in the marketplace, and our competitiveness and our profitability could decrease. Adverse publicity about us or lack of confidence in our products could negatively impact our reputation and reduce earnings. Capital expenditures may vary based on changes in business plans and other factors, including risks related to the implementation of various initiatives, the timing and successful completion of acquisitions, construction schedules and the possibility that other cash requirements could result in delays or cancellations of capital spending. Periods of significant or prolonged inflation or deflation, either overall or in certain product categories, can have a negative impact on us and our customers, as high food costs can reduce consumer spending in the food-away-from-home market, and may negatively impact our sales, gross profit, operating income and earnings, and periods of deflation can be difficult to manage effectively. Fluctuations in inflation and deflation, as well as fluctuations in the value of foreign currencies, are beyond our control and subject to broader market forces. Expanding into international markets presents unique challenges and risks, including compliance with local laws, regulations and customs and the impact of local political and economic conditions, including the impact of Brexit and the “yellow vest” protests in France against a fuel tax increase, pension reform and the French government, and such expansion efforts may not be successful. Any business that we acquire may not perform as expected, and we may not realize the anticipated benefits of our acquisitions. Expectations regarding the financial statement impact of any acquisitions may change based on management’s subjective evaluation. A divestiture of one or more of our businesses may not provide the anticipated effects on our operations. Meeting our dividend target objectives depends on our level of earnings, available cash and the success of our various strategic initiatives. Changes in applicable tax laws or regulations and the resolution of tax disputes could negatively affect our financial results. We rely on technology in our business and any cybersecurity incident, other technology disruption or delay in implementing new technology could negatively affect our business and our relationships with customers. For a discussion of additional factors impacting Sysco’s business, see our Annual Report on Form 10-K for the year ended July 3, 2021, as filed with the SEC, and our subsequent filings with the SEC. We do not undertake to update our forward-looking statements, except as required by applicable law.

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About Sysco

Sysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Its family of products also includes equipment and supplies for the foodservice and hospitality industries. With more than 58,000 associates, the company operates 343 distribution facilities worldwide and serves more than 650,000 customer locations. For fiscal 2021 that ended July 3, 2021, the company generated sales of more than $51 billion. Information about our CSR program, including Sysco’s 2020 Corporate Social Responsibility Report, can be found at sysco.com/csr2020report.

For more information, visit www.sysco.com or connect with Sysco on Facebook at www.facebook.com/SyscoFoods. For important news and information regarding Sysco, visit the Investor Relations section of the company’s Internet home page at investors.sysco.com, which Sysco plans to use as a primary channel for publishing key information to its investors, some of which may contain material and previously non-public information. In addition, investors should continue to review our news releases and filings with the SEC. It is possible that the information we disclose through any of these channels of distribution could be deemed to be material information.

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Sysco Corporation and its Consolidated Subsidiaries

CONSOLIDATED RESULTS OF OPERATIONS

(In Thousands, Except for Share and Per Share Data)

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Sysco Corporation and its Consolidated Subsidiaries

CONSOLIDATED BALANCE SHEETS

(In Thousands, Except for Share Data)

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Sysco Corporation and its Consolidated Subsidiaries

CONSOLIDATED CASH FLOWS

(In Thousands)

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Sysco Corporation and its Consolidated Subsidiaries

Non-GAAP Reconciliation (Unaudited)

Impact of Certain Items

Our discussion of our results includes certain non-GAAP financial measures, including EBITDA and adjusted EBITDA, that we believe provide important perspective with respect to underlying business trends. Other than free cash flow, any non-GAAP financial measures will be denoted as adjusted measures to remove the impact of restructuring and transformational project costs consisting of: (1) restructuring charges, (2) expenses associated with our various transformation initiatives and (3) facility closure and severance charges; and by acquisition-related costs consisting of: (1) intangible amortization expense and (2) acquisition costs and due diligence costs related to our significant acquisitions. Our results for the first quarter of fiscal 2022 are also impacted by the increase in reserves for uncertain tax positions. Sysco’s results for the first quarter of fiscal 2022 and fiscal 2021 were also impacted by the reduction of bad debt expense previously recognized in fiscal 2020 due to the impact of the COVID-19 pandemic on the collectability of our pre-pandemic trade receivable balances, by a loss on the sale of a business and by a net benefit from remeasuring net deferred tax assets due to the changes in U.K. tax rates.

The results of our foreign operations can be impacted due to changes in exchange rates applicable in converting local currencies to U.S. dollars. We measure our total Sysco and our International Foodservice Operations results on a constant currency basis. Constant currency operating results are calculated by translating current-period local currency operating results with the currency exchange rates used to translate the financial statements in the comparable prior-year period to determine what the current-period U.S. dollar operating results would have been if the currency exchange rate had not changed from the comparable prior-year period. The constant currency impact on our adjusted total Sysco and our adjusted International Foodservice Operations results are disclosed when the impact exceeds a defined threshold of greater than 1% on the growth metric. If the amount does not exceed this threshold, a disclosure will be made that the impact of the currency change was not significant.

Management believes that adjusting its operating expenses, operating income, net earnings and diluted earnings per share to remove these Certain Items and presenting its International Foodservice Operations results on a constant currency basis, provides an important perspective with respect to our underlying business trends and results and provides meaningful supplemental information to both management and investors that (1) is indicative of the performance of the company’s underlying operations and (2) facilitates comparisons on a year-over-year basis.

Although Sysco has a history of growth through acquisitions, certain acquisitions were significantly larger than the companies historically acquired by Sysco, with a proportionately greater impact on Sysco’s consolidated financial statements. Accordingly, Sysco is excluding from its non-GAAP financial measures for the relevant periods the impact of acquisition-related intangible amortization, acquisition costs and due-diligence costs specific to our significant acquisitions. We believe this approach significantly enhances the comparability of Sysco’s results for fiscal 2022 and fiscal 2021.

Set forth below is a reconciliation of sales, operating expenses, operating income, other (income) expense, net earnings and diluted earnings per share to adjusted results for these measures for the periods presented. Individual components of diluted earnings per share may not add up to the total presented due to rounding. Adjusted diluted earnings per share is calculated using adjusted net earnings divided by diluted shares outstanding.

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Sysco Corporation and its Consolidated Subsidiaries

Non-GAAP Reconciliation (Unaudited)

Impact of Certain Items

(Dollars in Thousands, Except for Share and Per Share Data)

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NM represents that the percentage change is not meaningful.

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Sysco Corporation and its Consolidated Subsidiaries

Non-GAAP Reconciliation (Unaudited)

Impact of Certain Items

(Dollars in Thousands, Except for Share and Per Share Data)

NM represents that the percentage change is not meaningful.

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Sysco Corporation and its Consolidated Subsidiaries

Segment Results

Non-GAAP Reconciliation (Unaudited)

Impact of Certain Items on Applicable Segments

(Dollars in Thousands)

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17

NM represents that the percentage change is not meaningful.

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Sysco Corporation and its Consolidated Subsidiaries

Non-GAAP Reconciliation (Unaudited)

Free Cash Flow

(In Thousands)

Free cash flow represents net cash provided from operating activities less purchases of plant and equipment and includes proceeds from sales of plant and equipment. Sysco considers free cash flow to be a liquidity measure that provides useful information to management and investors about the amount of cash generated by the business after the purchases and sales of buildings, fleet, equipment and technology, which may potentially be used to pay for, among other things, strategic uses of cash including dividend payments, share repurchases and acquisitions. However, free cash flow may not be available for discretionary expenditures, as it may be necessary that we use it to make mandatory debt service or other payments. Free cash flow should not be used as a substitute for the most comparable GAAP financial measure in assessing the company’s liquidity for the periods presented. An analysis of any non-GAAP financial measure should be used in conjunction with results presented in accordance with GAAP. In the table that follows, free cash flow for each period presented is reconciled to net cash provided by operating activities.

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Sysco Corporation and its Consolidated Subsidiaries

Non-GAAP Reconciliation (Unaudited)

Impact of Certain Items on Earnings Before Interest, Taxes, Depreciation and

Amortization (EBITDA)

(Dollars in Thousands)

EBITDA represents net earnings (loss) plus (i) interest expense, (ii) income tax expense and benefit, (iii) depreciation and (iv) amortization. The net earnings (loss) component of our EBITDA calculation is impacted by Certain Items that we do not consider representative of our underlying performance. As a result, in the non-GAAP reconciliations below for each period presented, adjusted EBITDA is computed as EBITDA plus the impact of Certain Items, excluding Certain items related to interest expense, income taxes, depreciation and amortization. Sysco’s management considers growth in this metric to be a measure of overall financial performance that provides useful information to management and investors about the profitability of the business, as it facilitates comparison of performance on a consistent basis from period to period by providing a measurement of recurring factors and trends affecting our business. Additionally, it is a commonly used component metric used to inform on capital structure decisions. Adjusted EBITDA should not be used as a substitute for the most comparable GAAP financial measure in assessing the company’s financial performance for the periods presented. An analysis of any non-GAAP financial measure should be used in conjunction with results presented in accordance with GAAP. In the tables that follow, adjusted EBITDA for each period presented is reconciled to net earnings (loss).