Receive our newsletter – data, insights and analysis delivered to you
  1. News
May 9, 2019

Aramark reports $8.26bn revenue in H1 2019

US-based foodservice company Aramark has reported revenue of $8.26bn in the first half of this year (H1 2019) ending 29 March 2019, compared to $7.9bn for the same period during the previous year.

US-based foodservice company Aramark has reported revenue of $8.26bn in the first half of this year (H1 2019) ending 29 March 2019, compared to $7.9bn for the same period during the previous year.

The catering company has also reported operating income of $496.19m from $351.86m for the same period the previous year.

Also reporting a net income of $279.98m, compared to $320.15m for the same quarter of 2018.

Basic earnings per share attributable to Aramark stockholders were at $1.14, while diluted earnings per share were $1.11 for the first half.

Aramark chairman, president and CEO Eric J. Foss said: “We saw strong revenue growth in the quarter, while simultaneously making deliberate investments to support new and existing clients.

“We are making tangible progress on our transformational growth strategy, as we continue to innovate and strengthen our brand and product portfolio to create a consistently great customer experience.

Content from our partners
The rise and rise of specialty instant coffee
Future-proofing food packaging
“We are making tangible progress on our transformational growth strategy, as we continue to innovate and strengthen our brand and product portfolio to create a consistently great customer experience.”

“In the near term, we are taking strategic portfolio actions to optimize returns and focus on new opportunities in the marketplace.As demonstrated by our solid first half performance, we expect 2019 to be another year of growth across revenue, earnings, and cash flow.

“We also remain committed to bolstering our balance sheet and expect our leverage ratio to reach 3.8x by the end of the year.”

On a GAAP basis, Aramark’s revenue was $4bn in the second quarter ending 29 March 2019, due to growth in FSS International and Uniforms.

They also reported operating income of $122.83m, a 9% decline from $135m for the same period in the previous year.

The restaurant company also reported a net income of $29.31m, compared to $27.71m for the same quarter of 2018.

Basic earnings per share attributable to Aramark stockholders were at $0.12, while diluted earnings per share were $0.12 for the second quarter.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU