Aramark

Overview Key strengths Key risks Leading provider of food concession and facility services. Exposed to fluctuating food, commodity, and labor costs. Stable client retention rates and a strong new business pipeline contribute to expanding revenue base. Competition from large, efficient competitors. Good customer and geographic diversity. Highly seasonal cash flow generation. Through the first three quarters of fiscal 2024 (ended June 28, 2024), Aramark has reported robust revenue growth of 9.3% year over year to $12.98 billion, reflecting net new business wins, base business expansion, and favorable pricing adjustments across key segments. Organic revenue within the U.S. food and support services (FSS) segment, which accounts for approximately 72% of total sales, grew 8.6% year to date, underpinned by elevated per

...Aramark's solid year-to-date performance in fiscal 2024 reinforces our expectations for sustained growth. Through the first three quarters of fiscal 2024 (ended June 28, 2024), Aramark has reported robust revenue growth of 9.3% year over year to $12.98 billion, reflecting net new business wins, base business expansion, and favorable pricing adjustments across key segments. Organic revenue within the U.S. food and support services (FSS) segment, which accounts for approximately 72% of total sales, grew 8.6% year to date, underpinned by elevated per capita spending and higher event attendance in sports and entertainment. New business in the Business & Industry and Education sectors also contributed to sales growth. We believe the company's strategic initiatives, including the roll-out of meal plans in collegiate hospitality and enhanced commissary services in the corrections sector, position the FSS segment for continued expansion....

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