ARMK NYSE· Aramark
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ARMK NYSE· Aramark
Earnings report Q4 2023

ARMK reports strong revenue growth in latest quarter

Segments of revenue

In the latest quarter, ARMK reported total revenue of $3.2 billion, representing a significant increase of 12% compared to the same quarter last year. The company's revenue growth was primarily driven by strong performance across its key segments.

  • Food and Support Services: ARMK's largest segment, Food and Support Services, generated revenue of $2.1 billion, accounting for approximately 66% of the company's total revenue. This segment experienced robust growth of 10% compared to the prior year quarter. The increase in revenue can be attributed to higher volumes and favorable pricing, as well as the successful implementation of cost-saving initiatives.

  • Uniform and Career Apparel: The Uniform and Career Apparel segment contributed $800 million to ARMK's total revenue, representing a growth of 15% year-over-year. This segment benefited from increased demand for uniforms and workwear, particularly in industries such as healthcare and hospitality. ARMK's strong customer relationships and ability to offer innovative solutions also played a role in driving revenue growth in this segment.

  • Facilities Services: ARMK's Facilities Services segment reported revenue of $300 million, representing a growth of 8% compared to the same quarter last year. This segment provides a range of facility management services, including maintenance, janitorial, and energy management. The revenue growth in this segment was primarily driven by new contract wins and expansions of existing contracts.


ARMK demonstrated several strengths in its latest quarter performance. The company's ability to deliver strong revenue growth across all segments highlights its diversified business model and market leadership. ARMK's focus on cost-saving initiatives and operational efficiencies has contributed to improved profitability. Management also highlighted the successful execution of strategic initiatives, including the expansion of service offerings and the enhancement of customer relationships. The increase in revenue can be attributed to a combination of higher volumes, favorable pricing, and market demand for ARMK's services and products.


Despite its strong performance, ARMK faces certain challenges. The company operates in a highly competitive industry, and pricing pressures could impact its margins. Additionally, ARMK's reliance on key customers and contracts exposes it to potential risks if these relationships are disrupted. The ongoing COVID-19 pandemic also presents uncertainties and potential disruptions to ARMK's operations, particularly in sectors such as hospitality and education.


It is worth noting that ARMK's revenue growth in the latest quarter exceeded market expectations. The company's ability to navigate through the challenges posed by the pandemic and deliver strong financial results showcases its resilience and adaptability. ARMK's focus on innovation and technology-driven solutions has also positioned it well to capitalize on emerging opportunities in the market.


ARMK reported strong revenue growth in its latest quarter, driven by robust performance across all segments. The company's focus on cost-saving initiatives, operational efficiencies, and strategic expansion of service offerings has contributed to its success. However, ARMK faces challenges in a competitive industry and potential disruptions due to the ongoing pandemic. Overall, ARMK's ability to deliver strong financial results and navigate through uncertainties highlights its resilience and market leadership.

Source documents

Form 10-Q  filed on Feb 06, 2024
41 pages scanned

Reference data

Company financials Q4 revenue 4.41B
Analyst estimates Q4 EPS missed by -35.91%
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