ARAMARK Reports 15.1% Year-Over-Year Revenue Increase for Fiscal Year 2023 Q3
August 10, 2023
☀️Earnings Overview
For the quarter that ended on June 30 2023, ARAMARK ($NYSE:ARMK) reported a total revenue of USD 4749.2 million, representing a 15.1% year-on-year increase. Net income for the period was USD 338.5 million, compared to the previous year’s USD 40.3 million.
Analysis
GoodWhale conducted an analysis of ARAMARK‘s fundamentals and found that the company is strong in assets according to its Star Chart. ARAMARK has a medium score for dividend, growth, and profitability. Based on this information, GoodWhale classified ARAMARK as a ‘cheetah’. This means that the company has achieved high revenue or earnings growth, but is considered less stable due to lower profitability. Given ARAMARK’s profile, investors who are looking for short term gains may be interested in the company. It also has an intermediate health score of 6/10 considering its cashflows and debt, which suggests that it is likely to sustain future operations in times of crisis. Therefore, investors who are looking for quick returns may be attracted to ARAMARK’s potential. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Aramark. ARAMARK_Reports_15.1_Year-Over-Year_Revenue_Increase_for_Fiscal_Year_2023_Q3″>More…
| Total Revenues | Net Income | Net Margin |
| 18.34k | 544.47 | 1.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Aramark. ARAMARK_Reports_15.1_Year-Over-Year_Revenue_Increase_for_Fiscal_Year_2023_Q3″>More…
| Operations | Investing | Financing |
| 566.4 | 92.06 | -693.34 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Aramark. ARAMARK_Reports_15.1_Year-Over-Year_Revenue_Increase_for_Fiscal_Year_2023_Q3″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 15.4k | 11.84k | 13.63 |
Key Ratios Snapshot
Some of the financial key ratios for Aramark are shown below. ARAMARK_Reports_15.1_Year-Over-Year_Revenue_Increase_for_Fiscal_Year_2023_Q3″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.2% | 49.6% | 6.4% |
| FCF Margin | ROE | ROA |
| 0.8% | 21.7% | 4.7% |
Peers
Its competitors include Sodexo, GS Holdings Ltd, ISS A/S.
– Sodexo ($LTS:0J3F)
Sodexo is a French food services and facilities management company. It is one of the world’s largest multinational corporations, with 420,000 employees in 80 countries. Sodexo has a market cap of 13.15B as of 2022, a Return on Equity of 13.73%. The company provides services in many industries including healthcare, education, energy and resources, government and agencies, and business and industry. Sodexo is a publicly traded company listed on the Euronext Paris stock exchange.
– GS Holdings Ltd ($SGX:43A)
Founded in 1992, GS Holdings Ltd is a leading investment holding company in China with a focus on the information technology, media, and telecommunications industries. The company has a market capitalization of $23.62 million as of 2022 and a return on equity of -42.76%. GS Holdings Ltd is headquartered in Beijing, China.
– ISS A/S ($BER:QJQ)
Danish shipping and oil group A.P. Moller-Maersk A/S has a market cap of 3.69B as of 2022. The company has a Return on Equity of 17.43%. A.P. Moller-Maersk is a global conglomerate with businesses in a wide range of industries, including shipping, oil and gas, retail, and more. The company is headquartered in Copenhagen, Denmark.
Summary
Investors in ARAMARK saw positive news as the company reported total revenue of USD 4749.2 million for the third quarter of its Fiscal Year 2023, a 15.1% increase from the same period last year. Net income for the quarter was USD 338.5 million, a substantial improvement from last year’s USD 40.3 million. This news caused ARAMARK’s stock price to move up the same day, signaling investor confidence in the company’s current and future performance. Despite the challenging economic environment, ARAMARK’s business remains strong and well-positioned for continued success.
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