Aramark Services (ARMK) Tops Q1 EPS by 1c
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Aramark Reports First Quarter Earnings
February 7, 2023 6:30 AM ESTYEAR-OVER-YEAR SUMMARY
Revenue +17%; Organic Revenue +18% Performance driven by net new business, pricing, and base business growth Growth contribution from every reportable segment Operating Income +42%; Adjusted Operating Income (AOI) +47%1 Operating Income Margin +79 bps; AOI Margin +104 bps1 Increased profitability from leveraging higher revenue levels, pricing, and operational cost management EPS +65% to $0.28; Adjusted EPS +91%1 to $0.441 Effect of currency translation impacted EPS by $0.02 and Adjusted EPS by $0.03 Announced sale of non-controlling interest in AIM... More