Aramark (ARMK) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

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]