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Aramark Reports Strong 22% Profit Growth in Q3 Financial Filing

By USinMinutes - Aug 06, 2024, 06:36 AM ET
Last Updated - Aug 08, 2024, 04:21 PM EDT
Aramark Reports Strong 22% Profit Growth in Q3 Financial Filing

Impressive 8% Revenue Growth Showcased in Aramark's Q3 Results

Aramark [ARMK] reported a strong profit of $161.7 million for the third quarter of fiscal year 2024, ending on June 28. This figure reflects a notable increase from the previous quarter's profit of $132.5 million. The company's performance highlights a positive trend in its financial results for the period.

The company, headquartered in Philadelphia, Pennsylvania, reported to SEC in an 8-K filing $0.22 earnings per share in the quarter, compared to $1.09 in the previous quarter.

Aramark, a key player in the food and facilities management sector, posted a revenue of $4.4 billion in the recent quarter, marking an 8% increase from the previous quarter. This growth in revenue signifies positive momentum in the company's financial performance in the current period.

In comparison to the same quarter in the previous year, Aramark's revenue saw an 8% increase, reflecting the company's sustained growth. Additionally, the profit in the current quarter showed a substantial percentage change from the same period in the previous year, indicating positive financial performance trends for Aramark.

Aramark [ARMK]
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33.66 (-0.74)

As of August 7, 2024 end of day trading.

Dollars in millions
Dec 29, 2023    Sep 29, 2023    Jun 30, 2023    Mar 31, 2023   

Income Statement

Revenue $4,407.8  $18,853.9  $4,749.2  $4,602.1 
Operating Profit $167.0  $862.9  $203.4  $182.0 
Net Income $28.5  $673.5  $338.6  $55.9 
Net Cash -$1,628.7  $1,633.7  $73.0  -$26.8 
Gross Margin $362.7  $1,816.1  $434.5  $422.7 
Operating Margin $0.0  $0.0  $0.0  $0.0 
Profit as % of Revenues8.23 9.63 9.15 9.18 
Profit as % of Assets0.19 4.22 2.22 0.37 
Profit as % of Stockholder Equity1.00 18.14 9.53 1.76 
Return on Equity0.84 4.78 9.53 1.76 
Return on Assets0.19 1.05 2.20 0.36 
Turnover Ratio0.30 1.18 0.31 0.30 
EBITA$0.3 $1.4 $0.3 $0.3 

Balance Sheet

Total Assets $12,419.4  $16,871.2  $15,397.5  $15,456.1 
Total Liabilities $9,564.7  $13,150.3  $11,838.1  $12,264.7 

Cash Flow Statement

Operating Cash Flow -$657.1  $766.4  -$270.1  -$292.7 
Investing Cash Flow -$198.0  $208.9  $281.9  -$225.9 
Financing Cash Flow -$779.0  $653.6  $47.9  $477.3 
 
USinMinutes is an offering of 10kInfo, Inc., bringing you news on the latest regulatory filings. Although we take care to ensure accuracy, the article does not intend to replace user diligence in decisions of financial or legal implications.
 

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