Compared to Estimates, Aramark (ARMK) Q1 Earnings: A Look at Key Metrics

Core Insights - Aramark reported $4.41 billion in revenue for Q4 2023, a year-over-year decline of 4.2%, but exceeded the Zacks Consensus Estimate by 3.28% [1] - The EPS for the quarter was $0.41, matching the previous year's EPS, and surpassed the consensus estimate of $0.35 by 17.14% [1] Revenue Performance - International Food and Support Services revenue was $1.20 billion, exceeding the estimated $1.11 billion, reflecting a year-over-year increase of 20.4% [2] - U.S. Food and Support Services revenue reached $3.21 billion, slightly above the $3.17 billion estimate, with a year-over-year growth of 10% [2] Operating Income Analysis - U.S. Operating Income was reported at $174.77 million, below the average estimate of $183.91 million [2] - International Operating Income was $46.24 million, slightly above the estimate of $45.60 million [2] - Adjusted Operating Income for Corporate was -$24.93 million, better than the estimated -$34.29 million [2] - Adjusted Operating Income for North America was $201.90 million, in line with the estimate of $201.20 million [2] - Adjusted Operating Income for International was $53.61 million, exceeding the estimate of $48.39 million [2] - Corporate Operating Income was -$54.06 million, slightly worse than the estimate of -$53.04 million [2] Stock Performance - Aramark shares have returned +1.9% over the past month, compared to the S&P 500 composite's +5.3% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market [3]