Aramark Files Q1 2025 10-Q Report
Ticker: ARMK · Form: 10-Q · Filed: Feb 4, 2025 · CIK: 1584509
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
Aramark's Q1 2025 10-Q is in. Check financials.
AI Summary
Aramark filed its 10-Q for the period ending December 27, 2024, reporting on its financial performance. The filing details the company's financial position and operational results for the quarter. Specific financial figures and operational highlights are presented within the report.
Why It Matters
This filing provides investors and analysts with a detailed look into Aramark's financial health and operational performance during the first quarter of fiscal year 2025.
Risk Assessment
Risk Level: low — This is a routine quarterly financial filing with no immediate red flags.
Key Numbers
- 2024-12-27 — Period End Date (The end of the reporting quarter)
- 2025-02-04 — Filing Date (Date the report was submitted to the SEC)
Key Players & Entities
- Aramark (company) — Filer of the 10-Q report
- 2024-12-27 (date) — Conformed period of report
- 2025-02-04 (date) — Filed as of date
FAQ
What is the reporting period for this 10-Q filing?
The conformed period of report is 2024-12-27.
When was this 10-Q filed with the SEC?
This 10-Q was filed as of date 2025-02-04.
What is Aramark's primary business address?
Aramark's business address is 2400 MARKET STREET, PHILADELPHIA, PA 19103.
What is the SEC file number for Aramark?
The SEC file number for Aramark is 001-36223.
What is the fiscal year end for Aramark?
Aramark's fiscal year ends on 1003.
Filing Stats: 4,399 words · 18 min read · ~15 pages · Grade level 18.6 · Accepted 2025-02-04 16:25:14
Key Financial Figures
- $0.01 — ch Registered Common Stock, par value $0.01 per share ARMK New York Stock Exchang
Filing Documents
- cik0-20241227.htm (10-Q) — 834KB
- ex311q12025.htm (EX-31.1) — 9KB
- ex312q12025.htm (EX-31.2) — 9KB
- ex321q12025.htm (EX-32.1) — 7KB
- cik0-20241227_g1.jpg (GRAPHIC) — 208KB
- 0001584509-25-000053.txt ( ) — 5941KB
- cik0-20241227.xsd (EX-101.SCH) — 39KB
- cik0-20241227_cal.xml (EX-101.CAL) — 63KB
- cik0-20241227_def.xml (EX-101.DEF) — 193KB
- cik0-20241227_lab.xml (EX-101.LAB) — 558KB
- cik0-20241227_pre.xml (EX-101.PRE) — 390KB
- cik0-20241227_htm.xml (XML) — 606KB
- Financial Information
PART I - Financial Information Item 1.
Financial Statements (Unaudited)
Financial Statements (Unaudited) 1 Condensed Consolidated Balance Sheets 1 Condensed Consolidated Statements of Income 2 Condensed Consolidated Statements of Comprehensive Income 3 Condensed Consolidated Statements of Cash Flows 4 Condensed Consolidated Statements of Stockholders' Equity 5 Notes to Condensed Consolidated Financial Statements 6 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 16 Item 3. Quantitative and Qualitative Disclosure About Market Risk 23 Item 4.
Controls and Procedures
Controls and Procedures 23
- Other Information
PART II - Other Information Item 1.
Legal Proceedings
Legal Proceedings 24 Item 1A.
Risk Factors
Risk Factors 24 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 24 Item 3. Defaults Upon Senior Securities 24 Item 4. Mine Safety Disclosures 24 Item 5. Other Information 25 Item 6. Exhibits 25 Table of Contents Special Note About Forward-Looking Statements This report contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect our current expectations as to future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. These statements include, but are not limited to, statements related to our expectations regarding the performance of our business, our financial results, our operations, our liquidity and capital resources, the conditions in our industry and our growth strategy. In some cases, forward-looking statements can be identified by words such as "outlook," "aim," "anticipate," "have confidence," "estimate," "expect," "will be," "will continue," "will likely result," "project," "intend," "plan," "believe," "see," "look to" and other words and terms of similar meaning or the negative versions of such words. These forward-looking statements are subject to risks and uncertainties that may change at any time and actual results or outcomes may differ materially from those that we expected. Some of the factors that we believe could affect or continue to affect our results include without limitation: unfavorable economic conditions; natural disasters, global calamities, climate change, pandemics, energy shortages, sports strikes and other adverse incidents; geopolitical events including, but not limited to, the ongoing conflict between Russia and Ukraine and the ongoing conflict in the Middle East, global supply chain disruptions, inflation, volatility and disruption of global financial markets; the failure to retain current clients, renew existing client contracts and ob
Financial Statements
Item 1. Financial Statements ARAMARK AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (in thousands, except share amounts) December 27, 2024 September 27, 2024 ASSETS Current Assets: Cash and cash equivalents $ 484,149 $ 672,483 Receivables (less allowances: $ 35,959 and $ 34,259 ) 2,201,099 2,096,928 Inventories 366,690 387,601 Prepayments and other current assets 242,875 249,550 Total current assets 3,294,813 3,406,562 Property and Equipment, net 1,602,582 1,573,193 Goodwill 4,713,625 4,677,201 Other Intangible Assets 1,826,131 1,804,602 Operating Lease Right-of-use Assets 677,095 638,659 Other Assets 592,420 574,154 $ 12,706,666 $ 12,674,371 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Current maturities of long-term borrowings $ 942,833 $ 964,286 Current operating lease liabilities 53,886 54,163 Accounts payable 1,104,769 1,394,007 Accrued payroll and related expenses 361,245 518,912 Accrued expenses and other current liabilities 1,034,122 1,282,842 Total current liabilities 3,496,855 4,214,210 Long-Term Borrowings 4,976,953 4,307,171 Noncurrent Operating Lease Liabilities 247,244 241,012 Deferred Income Taxes 396,651 375,378 Other Noncurrent Liabilities 497,340 490,132 Commitments and Contingencies (see Note 9) Redeemable Noncontrolling Interests 9,739 7,494 Stockholders' Equity: Common stock, par value $ 0.01 (authorized: 600,000,000 shares; issued: 306,798,710 shares and 304,285,195 shares; and outstanding: 265,649,625 shares and 263,939,983 shares) 3,068 3,043 Capital surplus 3,959,269 3,931,932 Retained earnings 315,470 239,709 Accumulated other comprehensive loss ( 161,377 ) ( 132,457 ) Treasury stock (held in treasury: 41,149,085 shares and 40,345,212 shares) ( 1,034,546 ) ( 1,003,253 ) Total stockholders' equity 3,081,884 3,038,974 $ 12,706,666 $ 12,674,371 See notes to the condensed consolidated financial statements. 1 Table of Contents ARAMARK AND SUBSIDIARIES CONDENSED