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

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

Aramark Reports First Quarter Results

February 4, 2020 6:30 AM EST

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 segments Reflects strategic exit of non-core custodial accounts in Europe late last fiscal year Operating Income (32)%; Adjusted Operating Income (AOI) (2)%1 Initiated planned targeted investments to accelerate future revenue growth EPS (42)% at $0.57; Adjusted EPS unchanged1 at $0.62 Recently Refinanced $900 million... More