Aramark Reports Q1 2024 Financial Results
Intellectia.AI Updated: 2024-08-06
Aramark Reports Q1 2024 Financial Results
Aramark (NYSE: ARMK) has released its financial results for the first quarter of 2024, ending on March 27, 2024. The following is a breakdown of the key financial metrics and performance.
Key Financial Metrics:
| Metric | Q1 2024 | Consensus Estimates | Performance vs. Estimates |
|---|---|---|---|
| Revenue | $4.31B | $4.31B | Met |
| Earnings Per Share (EPS) | $0.30 | $0.30 | Met |
Interpretation:
Aramark’s revenue and earnings per share for Q1 2024 both met the Wall Street consensus estimates. The earnings per share stood at $0.30, and the total revenue reported was $4.31 billion.
Revenue Performance by Segment:
No segment-specific revenue details or previous guidance were provided, hence a detailed analysis of segment performance is not available for this quarter.
Key Operational Data:
No key operational data was listed in the earnings release.
Comments from Company Officers:
No specific comments from company officers were provided in the earnings release.
Dividends or Share Repurchase Program:
No information regarding dividends or share repurchase programs was provided in the earnings release.
Forward Guidance:
No forward guidance was provided in the earnings release for upcoming quarters or the fiscal year.
Stock Price Movement:
Post the earnings release, Aramark's stock saw a slight decline of 0.72%.
Summary:
Aramark reported revenue and earnings per share for Q1 2024 in line with Wall Street expectations, at $4.31 billion and $0.30 respectively. The stock witnessed a marginal decline of 0.72% following the disclosure of the financial results. No additional updates on dividends, share repurchase programs, or detailed forward guidance were made available.
