Aramark: Reports Second Quarter 2024 Earnings

Philadelphia / PA. (arm) Aramark reported second quarter fiscal 2024 results. «The Company’s strong momentum continued across the business, generating record revenue for any second quarter in our history in both the FSS US and International segments, as well as record second quarter profit in International,» said John Zillmer, Chief Executive Officer. «Our revenue performance reflected our ability to execute on our strategic priorities, including driving volume growth and net new business. The vast majority of our profitability improvement in the second quarter was from leveraging higher revenue, accelerating our supply chain objectives, and ensuring a disciplined control of costs – while also benefiting from inflation trends.»

Consolidated revenue was USD 4.2 billion in the second quarter, a 7 percent increase year-over-year, driven by strong base business volume, pricing actions, and net new business growth. The effect of currency translation reduced revenue by USD 84 million. Organic revenue, which adjusts for the effect of currency translation, grew 9 percent compared to the prior year period. For additional information please read the Company’s PDF file below (169 KB):