EARNINGS PER SHARE:
Basic earnings per share is computed using the weighted average number of common shares outstanding during the periods presented. Diluted earnings per share is computed using the weighted average number of common shares outstanding adjusted to include the potentially dilutive effect of stock awards.
The following table sets forth the computation of basic and diluted earnings per share attributable to the Company's stockholders (in thousands, except per share data):
Fiscal Year Ended
October 3, 2025September 27, 2024September 29, 2023
Earnings:
Net income from Continuing Operations attributable
to Aramark stockholders
$326,394 $262,522 $447,676 
Income from Discontinued Operations, net of tax— — 226,432 
Net income attributable to Aramark stockholders$326,394 $262,522 $674,108 
Shares:
Basic weighted-average shares outstanding263,863 263,045 260,592 
Effect of dilutive securities3,486 3,155 2,002 
Diluted weighted-average shares outstanding267,349 266,200 262,594 
Basic earnings per share attributable to Aramark stockholders:
Income from Continuing Operations$1.24 $1.00 $1.72 
Income from Discontinued Operations— — 0.87 
Basic earnings per share attributable to Aramark
stockholders
$1.24 $1.00 $2.59 
Diluted earnings per share attributable to Aramark stockholders:
Income from Continuing Operations$1.22 $0.99 $1.71 
Income from Discontinued Operations— — 0.86 
Diluted earnings per share attributable to Aramark
stockholders
$1.22 $0.99 $2.57 
The following table represents shares that were outstanding but were not included in the diluted earnings per common share (in millions):
Fiscal Year Ended
October 3, 2025September 27, 2024September 29, 2023
Share-based awards(1)
6.6 8.9 8.3 
PSUs(2)
1.0 1.2 0.8 
(1)
Share-based awards were not included in the computation of diluted earnings per common share, as their effect would have been antidilutive.
(2)PSUs were not included in the computation of diluted earnings per common share, as the performance targets were not yet met.

Historical Timeline

Fiscal YearFiled
2025Nov 25, 2025Showing above
2024Nov 19, 2024
2019Nov 26, 2019
2018Nov 21, 2018
2017Nov 22, 2017
2016Nov 23, 2016
2015Dec 1, 2015

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.