Company Overview - Aramark (ARMK) is anticipated to report a year-over-year decline in earnings due to lower revenues for the quarter ended September 2024, with earnings expected to be $0.54 per share, reflecting a -15.6% change [3][10] - Revenues are projected to be $4.44 billion, down 9.4% from the same quarter last year [3] Earnings Report Expectations - The earnings report is scheduled for release on November 11, 2024, and could influence the stock price significantly depending on whether the actual results exceed or fall short of expectations [2] - Management's discussion during the earnings call will play a crucial role in determining the sustainability of any immediate price changes and future earnings expectations [2] Estimate Revisions and Predictions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating a stable outlook from covering analysts [4] - The Most Accurate Estimate for Aramark is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -0.09%, suggesting a bearish sentiment among analysts regarding the company's earnings prospects [10][11] Historical Performance - In the last reported quarter, Aramark had an earnings surprise of +3.33%, reporting $0.31 per share against an expectation of $0.30 [12] - Over the past four quarters, the company has beaten consensus EPS estimates three times [13] Industry Context - Another company in the Zacks Food - Miscellaneous industry, Flowers Foods (FLO), is expected to post earnings of $0.30 per share for the same quarter, indicating a year-over-year change of +3.5% [17] - Flowers Foods' revenues are expected to be $1.2 billion, up 0.1% from the previous year [17]

Financial Data and Key Metrics Changes - Revenue for Q3 2024 was $4.4 billion, reflecting an 11% organic growth year-over-year, driven by a mix of volume and pricing as well as new client contributions [6][16] - Operating income increased by 22% compared to the prior year, with adjusted operating income up 21% on a constant currency basis [6][16] - GAAP EPS was $0.22 and adjusted EPS was $0.31, representing an increase of over 50% versus the prior year on a constant currency basis [19] Business Segment Data and Key Metrics Changes - FSS U.S. achieved organic revenue growth of 9%, supported by increased per capita spending and event attendance in Sports and Entertainment [7][17] - The International segment saw organic revenue growth of 16%, with strong performance across all geographies, particularly in the U.K., Canada, and Spain [10][18] Market Data and Key Metrics Changes - The company reported strong sales in sports and entertainment, serving over 1.6 million visitors during the 2024 men's European football championships in Germany [11] - In Spain, over 280,000 fans were served during the Formula One Grand Prix, indicating robust demand in international markets [11] Company Strategy and Development Direction - The company is focused on expanding its culinary capabilities through partnerships, such as with Michelin Star Chef Daniel Boulud, to enhance corporate catering and special events [9] - Aramark is pursuing GPO acquisition opportunities to complement organic growth and enhance capabilities in key areas, particularly in international markets [13][48] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued business momentum into the next fiscal year, citing substantial growth opportunities ahead [5] - The company anticipates organic revenue growth of approximately 10% and adjusted EPS growth of approximately 35% for the full fiscal year [21] Other Important Information - The company has been recognized for its commitment to diversity and sustainability, being named one of the 50 most community-minded companies in the U.S. [15] - Aramark plans to sell its remaining ownership stake in the San Antonio Spurs NBA franchise, with proceeds expected to be used for debt repayment [14] Q&A Session Summary Question: Comments on contracting in higher education space - Management reported a strong selling season in higher education, achieving more new accounts than ever before, and expressed optimism for future growth in this sector [24][25] Question: Impact of new wins on operating margin expansion - Management indicated that new business maturity is no longer a significant headwind for operating margin expansion, with year-to-date margin expansion being strong [26][27] Question: Initiatives leading to success in international business - Management noted broad-based success in international markets, with high outsourcing activity and a robust sales pipeline [29][30] Question: Pipeline opportunities in sports and entertainment - Management confirmed ongoing opportunities in the sports and entertainment sector, including significant special event opportunities [39][40] Question: Business performance during a recession - Management emphasized the resilience of the business during economic downturns, citing a diverse set of sectors and profit centers [42][43] Question: GPO growth and margin opportunities - Management highlighted the focus on expanding GPO spend and the potential for significant growth in this area, particularly in Europe [46][48] Question: Current demand trends across segments - Management reported no significant signs of softer demand, with strong spending trends particularly in sports and entertainment [50] Question: Addressable market changes in B&I business - Management discussed the robust growth in the B&I segment and the potential for high-end catering opportunities through new initiatives [52][56] Question: Inflation trends and their impact - Management indicated that inflation is trending favorably, with expectations for continued moderate tailwinds into the next fiscal year [58][72] Question: Retention and net new contributions for the year - Management expects retention rates to align with historical averages, feeling confident about the current track [60]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________ FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 28, 2024 or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | |-----------------------------------------------------------------------|---------------------------------------------------------------- ...

For the quarter ended June 2024, Aramark (ARMK) reported revenue of $4.38 billion, down 7.9% over the same period last year. EPS came in at $0.31, compared to $0.36 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $4.31 billion, representing a surprise of +1.51%. The company delivered an EPS surprise of +3.33%, with the consensus EPS estimate being $0.30.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they co ...

Q3 Fiscal 2024 Earnings Results A U G U S T 6, 2 0 2 4 d a production of the aramark 2 Special Note About Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect our current expectations as to future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. These statements include, but are not limited to, stateme ...

Aramark (ARMK) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.36 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.33%. A quarter ago, it was expected that this provider of food, facilities and uniform services would post earnings of $0.26 per share when it actually produced earnings of $0.29, delivering a surprise of 11.54%.Over the ...

For Immediate Release Inquiries: Felise Glantz Kissell (215) 409-7287 Kissell-Felise@aramark.com Gene Cleary (215) 409-7945 Cleary-Gene@aramark.com Aramark Reports Third Quarter Earnings YEAR-OVER-YEAR SUMMARY • Revenue +8%; Organic Revenue +11% ◦ Record revenue in a third quarter for FSS U.S. and for any quarter in FSS International ◦ Continued strong growth from base business volume, pricing, and net new business • Operating Income +22% ; Adjusted Operating Income (AOI) +21% ◦ Record profitability in a th ...

MachineHeadz/iStock via Getty Images Investment overview I give a buy rating for Aramark (NYSE:ARMK) as there is a visible path for the top line to continue growing, supported by both volume and pricing, and margins to expand based on historical and peer performance. Business description ARMK is a leading global contract catering operator (its previous uniform segment has been spun off as Vestis). Business segment wise, ARMK reports two business segments: US Food and Support Services [USFSS], which is ~ ...

CHICAGO, May 20, 2024 /PRNewswire/ -- The Lester and Rosalie Anixter Center, a not-for-profit leader and community-based rehabilitation organization serving people of all ages with disabilities, is partnering with Aramark and Triton College to provide access to employment opportunities for people with disabilities. "At Anixter we envision a world where access, opportunity and belonging are realized by everyone," says Samantha Handley, President and CEO of Lester and Rosalie Anixter Center. "We are grateful ...

Revenue and Income - Revenue for the three months ended March 29, 2024, was $4,199,913, an increase of 7.2% from $3,916,156 for the same period in 2023[8]. - Total revenue for the six months ended March 29, 2024, was $8,607.7 million, an increase of 9.9% from $7,829.9 million for the same period in 2023[71]. - Net income from continuing operations attributable to Aramark stockholders for the three months ended March 29, 2024, was $53,449, compared to $14,249 for the same period in 2023[8]. - Net income from Continuing Operations for the six months ended March 29, 2024, was $81,519,000, compared to $52,088,000 for the same period in 2023, representing a 56.5% increase[13]. - Basic earnings per share from continuing operations for the three months ended March 29, 2024, was $0.20, a significant increase from $0.05 in the prior year[8]. - Operating income for the six months ended March 29, 2024, was $326,036, up 17.7% from $277,042 in the prior year[9]. - Operating income for the three months ended March 29, 2024, rose by 26.9% to $159.0 million, up from $125.3 million in the prior year[101]. - Net income from continuing operations for the three months ended March 29, 2024, surged by 275.1% to $53.0 million, compared to $14.1 million in the same period last year[101]. Costs and Expenses - Total costs and expenses for the six months ended March 29, 2024, were $8,281,642, compared to $7,552,834 for the same period in 2023, reflecting a rise of 9.7%[9]. - Interest expense for the six months ended March 29, 2024, was $200,939, down from $214,555 in the previous year[9]. - Interest expense for the three months ended March 29, 2024, decreased by 24.0% to $86.3 million from $113.5 million in the prior year[101]. - Income taxes paid increased to $77.0 million for the six months ended March 29, 2024, compared to $22.7 million for the same period in 2023, indicating a significant increase in tax obligations[16]. - Share-based compensation expense was $29,444,000 for the six months ended March 29, 2024, down from $39,123,000 for the same period in 2023, reflecting a 24.7% decrease[13]. Cash Flow and Financing - Net cash used in operating activities of Continuing Operations was $(435,797,000) for the six months ended March 29, 2024, compared to $(362,438,000) for the same period in 2023, indicating a 20.2% increase in cash outflow[13]. - Net cash used in investing activities of Continuing Operations was $(289,821,000) for the six months ended March 29, 2024, compared to $(204,164,000) for the same period in 2023, reflecting a 42.0% increase in cash outflow[13]. - The company experienced a net cash outflow from financing activities of $(833,012,000) for the six months ended March 29, 2024, compared to a net cash inflow of $486,117,000 for the same period in 2023[13]. - Proceeds from long-term borrowings amounted to $219,231,000 for the six months ended March 29, 2024, compared to $174,937,000 for the same period in 2023, showing a 25.3% increase[13]. - Cash and cash equivalents as of March 29, 2024, totaled $356.6 million, with $771.2 million available under the senior secured revolving credit facility[115]. Segment Performance - Total FSS United States revenue for the six months ended March 29, 2024, was $6,256.2 million, up from $5,764.2 million for the same period in 2023[71]. - Total FSS International revenue for the six months ended March 29, 2024, was $2,351.5 million, compared to $2,065.7 million for the same period in 2023[71]. - FSS United States revenue for the three months ended March 29, 2024, was $3,043.4 million, compared to $2,843.2 million for the same period in 2023, reflecting a 7.0% growth[87]. - FSS International revenue for the three months ended March 29, 2024, increased to $1,156.5 million from $1,073.0 million, marking a 7.8% rise[87]. Strategic Initiatives and Market Outlook - The company anticipates continued growth driven by strategic market expansions and new product developments[8]. - The company is focused on integrating acquired businesses effectively to enhance operational efficiency and drive profitability[8]. - The company expects continued inflationary pressures but has seen moderation in costs related to products, energy, and labor[98]. Discontinued Operations and Corporate Changes - The Company completed the separation and distribution of its Uniform segment into Vestis Corporation on September 30, 2023, with historical results reflected as discontinued operations[25]. - The Company completed the spin-off of its Uniform segment into an independent publicly traded company, Vestis, with each Aramark stockholder receiving one share of Vestis for every two shares of Aramark held[40]. - The Company incurred $20.0 million in transaction fees related to the separation and distribution of its Uniform segment during the six months ended March 29, 2024[42]. Accounting and Compliance - The Company is evaluating the impact of new accounting standards related to income tax disclosures and segment reporting, effective for fiscal years 2026 and 2025 respectively[27]. - The company is compliant with all covenants in the Credit Agreement as of March 29, 2024[121].