Aramark Q2 2024 Earnings Report
Key Takeaways
Aramark reported a strong second quarter with a 7% increase in revenue to $4.2 billion, driven by strong base business volume, pricing actions, and net new business growth. Operating income increased by 27% to $159 million, and adjusted EPS grew by 79% to $0.29.
Revenue increased by 7% year-over-year, with organic revenue growth of 9%.
Operating Income increased 27% year-over-year to $159 million; Adjusted Operating Income (AOI) grew 29% to $187 million.
GAAP EPS increased 271% to $0.20; Adjusted EPS increased 79% to $0.29.
The company raised its full-year outlook for organic revenue growth to approximately 9%, AOI growth of +17% to +20%, and adjusted EPS growth of +30% to +35%.
Aramark
Aramark
Forward Guidance
Aramark raised its full-year Outlook for Organic Revenue growth, AOI growth and adjusted EPS growth.
Positive Outlook
- Organic Revenue Growth ~ +9%
- AOI Growth +17% to +20%
- Adjusted EPS Growth +30% to +35%
- Leverage ~ 3.5x
- Constant Currency, except Leverage Ratio