Aramark (NYSE:ARMK) Q2 2024 Earnings Conference Call May 7, 2024 8:30 AM ET

Company Participants

Felise Kissell - Senior Vice President, Investor Relations and Corporate Development
John Zillmer - Chief Executive Officer
Jim Tarangelo - Chief Financial Officer

Conference Call Participants

Toni Kaplan - Morgan Stanley
Ian Zaffino - Oppenheimer
Lizzie Dove - Goldman Sachs
Emily Marzo - BOA
Andrew Steinerman - JPMorgan
Neil Tyler - Redburn Atlantic
Shlomo Rosenbaum - Stifel
Leo Carrington - Citi
Ashish Sabadra - RBC
Stephanie Moore - Jefferies
Jasper Bibb - Truist Securities
Josh Chan - UBS

Operator

Good morning, and welcome to Aramark's Second Quarter Fiscal 2024 Earnings Results Conference Call. My name is Kevin, and I'll be your operator for today's call. At this time, I'd like to inform you this conference is being recorded for rebroadcast and that all participants are in a listen-only mode. We will open the conference call for questions at the conclusion of the company's remarks.

I will now turn the call over to Felise Kissell, Senior Vice President, Investor Relations and Corporate Development. Ms. Kissell, please proceed.

Felise Kissell

Thank you, and welcome to Aramark's second quarter fiscal 2024 earnings conference call and webcast. This morning, we will be hearing from our Chief Executive Officer, John Zillmer as well as our Chief Financial Officer, Jim Tarangelo. As a reminder, our notice regarding forward-looking statements is included in our press release this morning, which can be found on our website.

During this call, we will be making comments that are forward-looking. Actual results may differ materially from those expressed or implied as a result of various risks, uncertainties and important factors, including those discussed in the Risk Factors, MD&A, and other sections of our annual report on Form 10-K and our other SEC filings.

Additionally, we will be discussing certain non-GAAP financial measures. A reconciliation of these items to US GAAP can be found in this morning's press release as well as on our website.

So with that, I'll now turn the call over to John.

John Zillmer

Good morning, everyone. We had another great quarter of results, driven by our commitment to growth across the company. Aramark hit record total company revenue for any second quarter in our history as well as record second quarter profit in international. The vast majority of our profitability improvement in the quarter came from strategies we've taken to drive performance, while also benefiting from some inflation tailwind.