Aramark: Reports Third Quarter 2024 Earnings

Philadelphia / PA. (arm) Aramark reported third quarter fiscal 2024 results. «We continued our record-breaking performance in the third quarter, setting new highs in revenue and income for the Company,» said John Zillmer, Chief Executive Officer. «Third quarter organic revenue growth was broad-based, coming from virtually all lines of business and every country in the portfolio. Our multiple operating levers drove profitability as we scaled higher sales volume, managed costs effectively, and achieved supply chain efficiencies – all while benefiting from an inflation tailwind. Our performance is a testament to the extraordinary talent within our organization, which allows us to provide world-class hospitality services to clients while we focus on our ambitious path forward.»

Consolidated revenue was USD 4.4 billion in the third quarter, an 8 percent increase year-over-year, driven by strong base business volume, pricing, and net new business growth. The effect of currency translation reduced revenue by USD 116 million. Organic revenue, which adjusts for the effect of currency translation, grew 11 percent compared to the prior year period. For more info please read the PDF file below (122 KB):