Aramark (NYSE:ARMK) Q2 2024 Earnings Conference Call May 7, 2024 8:30 AM ET Company Participants Felise Kissell - Senior Vice President, Investor Relations and Corporate Development John Zillmer - Chief Executive Officer Jim Tarangelo - Chief Financial Officer Conference Call Participants Toni Kaplan - Morgan Stanley Ian Zaffino - Oppenheimer Lizzie Dove - Goldman Sachs Emily Marzo - BOA Andrew Steinerman - JPMorgan Neil Tyler - Redburn Atlantic Shlomo Rosenbaum - Stifel Leo Carrington - Citi Ashish Sabadra ...

TOGETHER WE ARE | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------|-------|-------|-------|-------|-------|-------|-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Q2 Fiscal 2024 | | | | | | | | | | | | | | | | | | | | | | | | | | | | Earnings Results | | | | | | | | | | | | | | May 7, 2024 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Forward-Looking Statements TOGE ...

Core Viewpoint - Aramark reported a decline in revenue for the quarter ended March 2024, with a total of $4.2 billion, representing an 8.7% decrease year-over-year, while EPS increased slightly to $0.29 from $0.28 in the previous year [1] Revenue Performance - FSS International revenues were reported at $1.16 billion, slightly below the average estimate of $1.19 billion, showing a year-over-year increase of 7.7% [2] - FSS United States revenues reached $3.04 billion, marginally below the average estimate of $3.05 billion, with a year-over-year change of 7.1% [2] Operating Income - Operating income for FSS United States was $144 million, exceeding the estimated $142.49 million [2] - Operating income for FSS International was reported at $43 million, below the average estimate of $45.20 million [2] - Adjusted operating income for Corporate was -$28 million, better than the estimated -$31.32 million [2] - Adjusted operating income for FSS United States was $168 million, surpassing the average estimate of $161.35 million [2] - Adjusted operating income for FSS International was $47 million, slightly below the average estimate of $48.38 million [2] - Overall operating income for Corporate was -$28 million, compared to the average estimate of -$31.32 million [2] Stock Performance - Over the past month, Aramark shares have returned -2.8%, while the Zacks S&P 500 composite experienced a -0.4% change [2] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [2]

Aramark (ARMK) came out with quarterly earnings of $0.29 per share, beating the Zacks Consensus Estimate of $0.26 per share. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.54%. A quarter ago, it was expected that this provider of food, facilities and uniform services would post earnings of $0.35 per share when it actually produced earnings of $0.41, delivering a surprise of 17.14%.Over th ...

For Immediate Release Inquiries: Felise Glantz Kissell (215) 409-7287 Kissell-Felise@aramark.com Gene Cleary (215) 409-7945 Cleary-Gene@aramark.com Aramark Reports Second Quarter Earnings YEAR-OVER-YEAR SUMMARY • Revenue +7%; Organic Revenue +9% ◦ Growth from strong base business volume, pricing actions, and net new business ◦ Record revenue in a second quarter for both the FSS U.S. and International segments • Operating Income +27% ; Adjusted Operating Income (AOI) +29% ◦ Operating Income Margin +59 bps; A ...

In its upcoming report, Aramark (ARMK) is predicted by Wall Street analysts to post quarterly earnings of $0.26 per share, reflecting a decline of 7.1% compared to the same period last year. Revenues are forecasted to be $4.25 billion, representing a year-over-year decrease of 7.8%.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Before a company reveal ...

Aramark announced 17 chefs from its Collegiate Hospitality group have graduated from the prestigious ProChef® certification program at The Culinary Institute of America (CIA). Seen here is one of the three graduating cohorts. (Photo: Business Wire)Aramark announced 17 chefs from its Collegiate Hospitality group have graduated from the prestigious ProChef® certification program at The Culinary Institute of America (CIA). Seen here is one of the three graduating cohorts. (Photo: Business Wire)PHILADELPHIA--(B ...

PHILADELPHIA--(BUSINESS WIRE)--Aramark (NYSE: ARMK), a global leader in food and facilities management, announced that the Company’s Chief Executive Officer, John Zillmer, and Chief Financial Officer, James Tarangelo, will participate in the BofA Securities Information and Business Services Conference on Thursday, March 14, 2024, with a featured Fireside Chat session beginning at 8:00 a.m. ET. A live audio webcast and replay of the fireside chat session will be available through the Investor Relations sect ...

Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Has Aramark (ARMK) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Staples sector should help us answer this question.Aramark is one of 193 companies in the Consumer Staples group. The Consumer Staples group currently sits at #13 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strengt ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued ...