Aramark: Reports Third Quarter 2021 Earnings

Philadelphia / PA. (arm) Aramark reported third quarter fiscal 2021 results. «Our third quarter performance continues to reflect Aramark’s strong competitive position and flexible business model as we help clients reopen within various stages of recovery, while also driving growth initiatives that resulted in meaningful new business wins and high levels of client retention,» said John Zillmer, Aramark’s Chief Executive Officer. «I am extremely proud of our team’s dedication to serving clients and focusing on our growth agenda.»

Consolidated revenue was USD 3.0 billion in the quarter, an increase of 39 percent year-over-year, that reflected increased levels of business activity compared to the prior year and lapping the first full quarter of Covid-impacted revenue. Organic Revenue, which adjusts for the effect of currency and the revenue contribution from the Next Level Hospitality acquisition that closed on June 4, 2021, grew 34 percent compared to the prior year. The accelerated pace of client reopenings contributed to ongoing sequential quarterly improvement with organic revenue reaching 73 percent of pre-Covid levels. The upward trend was broad-based, led by the Leisure and Sports + Entertainment businesses within the FSS U.S. segment.

For additional information please read the Company’s PDF file below (166 KB):