Aramark

For the period ended Mar 29, 2024. Filed May 7, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 29, 2024 · Filed May 7, 2024

ARMK$54.22-0.9%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Income

(in thousands, except per share data)

	Three Months Ended
	March 29, 2024	March 31, 2023
Revenue	$4,199,913	$3,916,156
Costs and Expenses:
Cost of services provided (exclusive of depreciation and amortization)	3,869,152	3,621,405
Depreciation and amortization	109,118	103,169
Selling and general corporate expenses	62,557	66,225
	4,040,827	3,790,799
Operating income	159,086	125,357
Interest Expense, net	86,377	113,604
Income from Continuing Operations Before Income Taxes	72,709	11,753
Provision (Benefit) for Income Taxes from Continuing Operations	19,707	(2,337)
Net income from Continuing Operations	53,002	14,090
Less: Net loss attributable to noncontrolling interests	(447)	(159)
Net income from Continuing Operations attributable to Aramark stockholders	53,449	14,249
Income from Discontinued Operations, net of tax	—	41,792
Net income attributable to Aramark stockholders	$53,449	$56,041
Basic earnings per share attributable to Aramark stockholders:
Income from Continuing Operations	$0.20	$0.05
Income from Discontinued Operations	—	0.16
Basic earnings per share attributable to Aramark stockholders	$0.20	$0.21
Diluted earnings per share attributable to Aramark stockholders:
Income from Continuing Operations	$0.20	$0.05
Income from Discontinued Operations	—	0.16
Diluted earnings per share attributable to Aramark stockholders	$0.20	$0.21
Weighted Average Shares Outstanding:
Basic	262,841	260,673
Diluted	265,282	262,537
The accompanying notes are an integral part of these condensed consolidated financial statements.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(in thousands, except per share data)

	Six Months Ended
	March 29, 2024	March 31, 2023
Revenue	$8,607,678	$7,829,876
Costs and Expenses:
Cost of services provided (exclusive of depreciation and amortization)	7,914,230	7,213,207
Depreciation and amortization	214,662	205,766
Selling and general corporate expenses	152,750	133,861
	8,281,642	7,552,834
Operating income	326,036	277,042
Interest Expense, net	200,939	214,555
Income from Continuing Operations Before Income Taxes	125,097	62,487
Provision for Income Taxes from Continuing Operations	43,578	10,399
Net income from Continuing Operations	81,519	52,088
Less: Net loss attributable to noncontrolling interests	(466)	(659)
Net income from Continuing Operations attributable to Aramark shareholders	81,985	52,747
Income from Discontinued Operations, net of tax	—	77,445
Net income attributable to Aramark stockholders	$81,985	$130,192
Basic earnings per share attributable to Aramark stockholders:
Income from Continuing Operations	$0.31	$0.20
Income from Discontinued Operations	—	0.30
Basic earnings per share attributable to Aramark stockholders	$0.31	$0.50
Diluted earnings per share attributable to Aramark stockholders:
Income from Continuing Operations	$0.31	$0.20
Income from Discontinued Operations	—	0.30
Diluted earnings per share attributable to Aramark stockholders	$0.31	$0.50
Weighted Average Shares Outstanding:
Basic	262,447	260,063
Diluted	264,775	261,993
The accompanying notes are an integral part of these condensed consolidated financial statements.

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