Loading...
•
Jun 28, 2024
Aramark Q3 2024 Earnings Report
Aramark achieved record revenue and income, driven by broad-based organic revenue growth and effective cost management.
Key Takeaways
Aramark reported strong third quarter fiscal 2024 results, with record revenue and income. Organic revenue grew by 11%, driven by increased base business volume, pricing, and net new business. The company raised its full-year fiscal 2024 outlook due to this strong performance.
Revenue increased by 8%, with organic revenue growth of 11%.
Operating Income increased 22%; Adjusted Operating Income (AOI) increased 21%.
GAAP EPS decreased (80)% to $0.22; Adjusted EPS increased 51% to $0.31.
The company raised its full-year fiscal 2024 outlook due to strong performance.
Revenue by Segment
Forward Guidance
Aramark anticipates its full-year Outlook to be the following: Organic Revenue Growth At ~ +10%, AOI Growth At ~ +20%, Adjusted EPS Growth At ~ +35%, Leverage At ~ 3.5x
Positive Outlook
- Organic Revenue Growth At ~ +10%
- AOI Growth At ~ +20%
- Adjusted EPS Growth At ~ +35%
- Leverage At ~ 3.5x
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...