Aramark Reports Earnings Results for the Second Quarter and Six Months Ended March 29, 2024
May 07, 2024 at 11:33 am
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Aramark reported earnings results for the second quarter and six months ended March 29, 2024. For the second quarter, the company reported sales was USD 4,199.91 million compared to USD 3,916.16 million a year ago. Net income was USD 53.45 million compared to USD 56.04 million a year ago. Basic earnings per share from continuing operations was USD 0.2 compared to USD 0.05 a year ago. Diluted earnings per share from continuing operations was USD 0.2 compared to USD 0.05 a year ago. Basic earnings per share was USD 0.2 compared to USD 0.21 a year ago. Diluted earnings per share was USD 0.2 compared to USD 0.21 a year ago.
For the six months, sales was USD 8,607.68 million compared to USD 7,829.88 million a year ago. Net income was USD 81.99 million compared to USD 130.19 million a year ago. Basic earnings per share from continuing operations was USD 0.31 compared to USD 0.2 a year ago. Diluted earnings per share from continuing operations was USD 0.31 compared to USD 0.2 a year ago. Basic earnings per share was USD 0.31 compared to USD 0.5 a year ago. Diluted earnings per share was USD 0.31 compared to USD 0.5 a year ago.
Aramark is a global provider of food and facilities services to education, healthcare, business and industry and sports, leisure, and corrections clients. The Company operates through two segments: Food and Support Services United States (FSS United States) and Food and Support Services International (FSS International). The FSS United States segment consists of five sectors, which include business and industry, education, healthcare, sports, leisure and corrections and facilities and others. The Company provides food and beverage services, including catering and retail services, and facilities services, including plant operations and maintenance, custodial, housekeeping, landscaping and other services. The Company's core market is the United States, which is supplemented by an additional 18-country footprint.