Aramark: Reports First Quarter 2022 Earnings

Philadelphia / PA. (arm) Aramark reported first quarter fiscal 2022 results. «I am grateful to the Aramark team around the world and their commitment to our hospitality culture,» said John Zillmer, Aramark’s Chief Executive Officer. «Their ongoing dedication is evident in our financial performance, with organic revenue reaching 92 percent of pre-Covid levels in the first quarter, while effectively managing through a heightened inflationary environment,» said John Zillmer, Aramark’s Chief Executive Officer.

Consolidated revenue was USD 3.9 billion in the quarter, an increase of 44 percent compared to the prior year. Organic revenue, which adjusts for the effect of currency translation and the Next Level Hospitality acquisition, improved 41 percent year-over-year with growth in all segments. A steadily improving pace of account re-opening activity and pricing pass-through, as well as the benefit from new client wins, resulted in consolidated revenue at 93 percent and organic revenue at 92 percent of pre-Covid levels.

For additional information please read the Company’s PDF file below (286 KB):

20220210-ARAMARK-Q1-2022
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