Aramark: Reports First Quarter 2024 Earnings

Philadelphia / PA. (arm) Aramark reported Q1-2024 results. «We are off to a great start in this new fiscal year, achieving record revenue across both our FSS U.S. and International segments, along with record first quarter profit in International,» said CEO John Zillmer. «Our teams around the globe are successfully executing on our growth strategies, which are driving top- and bottom- line performance. We’ve seen inflation continue to moderate, which provided a tailwind to profitability during the quarter. We believe the current market landscape presents tremendous opportunities, and both our growth leaders and our supply chain organization are hard at work implementing strategies to further unlock this potential.»

Consolidated revenue was USD 4.4 billion in the first quarter, a 13 percent increase year-over-year, due to a strong increase in base business volume, pricing actions, and net new business growth. The effect of currency translation reduced revenue by USD 3 million. Organic revenue, which adjusts for the effect of currency translation, also grew 13 percent compared to the prior year period.

For additional information please read the Company’s PDF file below (123 KB):