Aramark Services (ARMK) Misses Q2 EPS by 4c, Updates Guidance

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Go back to Aramark Services (ARMK) Misses Q2 EPS by 4c, Updates Guidance

Aramark Reports Second Quarter Results

May 7, 2019 6:30 AM EDT

Q2 SUMMARY

Revenue $4 billion, +2%; Legacy Business Revenue +3.6%1 Led by growth in FSS International and Uniforms Operating Income -9%; Adjusted Operating Income (AOI) -0.5%1 FSS US results impacted by weather & client-related reinvestment costs Strong results in FSS International and Uniforms EPS +9% to $0.12; Adjusted EPS of $0.45, flat to prior year1 Leverage improves by 0.6x vs. prior year to 4.1x Net debt reduced by over $600... More