Aramark Reports First Quarter Results

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Go back to Aramark Reports First Quarter Results

Aramark Services (ARMK) Tops Q1 EPS by 1c, Revenues Miss; Provides Business Update

February 4, 2020 6:32 AM EST

Aramark Services (NYSE: ARMK) reported Q1 EPS of $0.62, $0.01 better than the analyst estimate of $0.61. Revenue for the quarter came in at $4.25 billion versus the consensus estimate of $4.31 billion.

Q1 SUMMARY

Year-over-year GAAP results impacted by the prior year divestiture of the Healthcare Technologies business

Revenue (0.3)%; Organic Revenue +1.6%Organic revenue growth across segmentsReflects strategic exit of non-core custodial accounts in Europe late last fiscal yearOperating Income (32)%; Adjusted Operating Income (AOI) (2)%1Initiated... More