NYSE$ARMK
Aramark · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Aramark's financial performance strengthened with double-digit organic revenue growth in each segment and record-breaking pace of new client wins.
Aramark reported a strong second quarter with revenue up 37% and organic revenue up 35%. The company saw double-digit growth across all segments, led by FSS U.S. and is positioned for a second consecutive year of record-breaking Net New Business.
- Revenue increased by 37%, with organic revenue up by 35%.
- Double-digit growth was achieved across all segments, led by FSS U.S.
- Operating Income increased by $137 million, and Adjusted Operating Income (AOI) increased by $138 million.
- EPS increased to $0.14, and Adjusted EPS increased to $0.22.
Headline financials
Revenue & EPS history
Aramark · Revenue · Quarterly
$3.86B
Forward guidance
Aramark's full-year performance expectations for fiscal 2022 are as follows: Organic Revenue Growth at or very near 27%, Annualized Net New Business $650M - $750M, AOI Margin at or very near 5%, Free Cash Flow $300M - $350M.
Tailwinds
- Higher pricing pass-through to clients to recover incremental costs due to inflation
- Stronger contributions from Net New Business
- Better-than-expected new account wins, while maintaining last year's improved retention rates
- Robust sales pipeline, with steadily increasing close rates
- Continued quarterly progression with Q4 exit near mid-6%
Headwinds
- Start-up costs associated with better-than-expected new business wins
- Continued temporary reliance on off-program procurement related to supply chain complexities
- Percentage margin impacted near-term by higher pricing to recapture elevated cost inflation
- Slower conversion back from cost-plus contracts to profit & loss (P&L) contracts, primarily in Business Dining
- Working capital investment associated with slower conversion back to P&L contracts, primarily in Business Dining
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2022
+0.4%
Avg return
Earnings day
+1.5%
Avg return
5 days after
+3.4%
Avg return
30 days after
50%
27 / 54 earnings
Positive
+9.8%
Q2 2025
Best reaction
-9.0%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | +1.1% | +19.3% | +22.4% | |
| Q1 2026 | +5.6% | +0.5% | +3.1% | |
| Q4 2025 | -5.2% | -0.5% | -0.7% | |
| Q2 2025 | +9.8% | +12.2% | +16.2% | |
| Q1 2025 | -2.1% | -0.9% | -7.6% | |
| Q4 2024 | -2.8% | -4.5% | +4.2% | |
| Q3 2024 | +1.8% | +4.4% | +13.0% | |
| Q2 2024 | +0.8% | +5.3% | +3.4% | |
| Q1 2024 | -1.8% | +3.7% | +7.5% | |
| Q4 2023 | -5.2% | -2.8% | -3.3% | |
| Q3 2023 | +9.0% | +3.2% | -3.4% | |
| Q2 2023 | +7.2% | +8.9% | +19.0% | |
| Q1 2023 | -9.0% | -12.3% | -18.3% | |
| Q4 2022 | +4.2% | +4.6% | +7.4% | |
| Q3 2022 | +3.1% | +5.8% | +4.7% | |
| Q2 2022 | -4.4% | -1.8% | -1.5% | |
| Q1 2022 | +3.3% | -1.4% | -4.3% | |
| Q4 2021 | +0.3% | -3.9% | -12.2% | |
| Q3 2021 | +0.5% | +1.5% | -4.7% | |
| Q2 2021 | -3.5% | +3.9% | -0.3% | |
| Q1 2021 | -0.7% | -2.7% | +12.5% | |
| Q4 2020 | -3.3% | +1.0% | +7.9% | |
| Q3 2020 | +1.8% | +12.4% | +37.7% | |
| Q2 2020 | -7.0% | +2.1% | +10.5% | |
| Q1 2020 | -1.9% | -7.0% | -23.3% | |
| Q4 2019 | -0.4% | -1.9% | -0.5% | |
| Q3 2019 | +8.0% | +9.2% | +20.4% | |
| Q2 2019 | -2.6% | +0.0% | +12.4% | |
| Q1 2019 | -1.4% | -5.4% | -11.4% | |
| Q4 2018 | +2.4% | +6.6% | -5.4% | |
| Q3 2018 | +5.1% | +4.6% | +6.0% | |
| Q2 2018 | +1.1% | +2.6% | +6.1% | |
| Q1 2018 | -4.8% | -7.1% | -6.8% | |
| Q4 2017 | -7.0% | -4.7% | -2.0% | |
| Q3 2017 | +0.7% | -1.1% | +1.3% | |
| Q2 2017 | +2.9% | +1.5% | +9.1% | |
| Q1 2017 | +6.0% | +6.1% | +8.5% | |
| Q4 2016 | -8.7% | -6.6% | -0.6% | |
| Q3 2016 | +5.5% | +5.0% | +4.3% | |
| Q2 2016 | -3.2% | — | — | |
| Q1 2016 | -0.6% | — | — | |
| Q4 2015 | +9.2% | — | — | |
| Q3 2015 | -0.1% | — | — | |
| Q2 2015 | +1.6% | — | — | |
| Q1 2015 | -3.4% | — | — | |
| Q4 2012 | -1.5% | — | — | |
| Q4 2014 | +4.3% | — | — | |
| Q3 2013 | -0.3% | — | — | |
| Q3 2014 | -0.3% | — | — | |
| Q2 2013 | -2.0% | — | — | |
| Q2 2014 | -2.0% | — | — | |
| Q4 2013 | +3.4% | — | — | |
| Q1 2014 | +3.4% | — | — | |
| Q1 2013 | +3.4% | — | — | |
| Q3 2012 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro