Full Year and Q4 Fiscal 2025 Earnings Results N O V E M B E R 1 7 , 2 0 2 5 Fiscal 2025 Earnings Results Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect our current expectations as to future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. These statements include, but are not limited to, statemen ...

Nov 17, 2025 6:33 AM Eastern Standard Time Aramark Reports Earnings Results for Fiscal 2025 Share Fourth quarter and full year 2025 results include a 53rd week of operations FISCAL 2025 YEAR-OVER-YEAR SUMMARY Q4 YEAR-OVER-YEAR SUMMARY PHILADELPHIA--(BUSINESS WIRE)--Aramark (NYSE: ARMK) today reported results for the fourth quarter and full year of fiscal 2025. "Fiscal 2025 represented many consequential milestones for the Company, contributing to the strong growth trajectory ahead,†said John Zillmer, Aramar ...

Aramark (NYSE:ARMK) will release earnings results for the fourth quarter, before the opening bell on Monday, Nov. 17.Analysts expect the Philadelphia, Pennsylvania-based company to report quarterly earnings of 65 cents per share, up from 54 cents per share in the year-ago period. The consensus estimate for Aramark's quarterly revenue is $5.16 billion. Benzinga Pro data shows $4.42 billion in quarterly revenue a year ago.On Aug. 5, Aramark posted weaker-than-expected sales for the third quarter.Shares of Ara ...

Aramark (NYSE:ARMK) will release earnings results for the fourth quarter, before the opening bell on Monday, Nov. 17.Analysts expect the Philadelphia, Pennsylvania-based company to report quarterly earnings of 65 cents per share, up from 54 cents per share in the year-ago period. The consensus estimate for Aramark's quarterly revenue is $5.16 billion. Benzinga Pro data shows $4.42 billion in quarterly revenue a year ago.On Aug. 5, Aramark posted weaker-than-expected sales for the third quarter.Shares of Ara ...

Upgrades - JPMorgan upgraded MP Materials (MP) to Overweight from Neutral with a price target of $74, down from $75, citing the company's national security importance as underappreciated at current share levels [2] - Jefferies upgraded Gap (GAP) to Buy from Hold with a price target of $30, up from $22, noting a strong turnaround under new management for both Gap and Old Navy brands [2] - Mizuho upgraded TripAdvisor (TRIP) to Neutral from Underperform with a price target of $17, up from $14, believing that the company's traffic weakness is now better reflected in the shares [3] - Loop Capital upgraded Shake Shack (SHAK) to Buy from Hold with a price target of $127, up from $98, arguing that concerns over slower growth in October are overblown [3] - Baird upgraded Circle Internet (CRCL) to Outperform from Neutral with an unchanged price target of $110, viewing Circle's current valuation as reasonable given the outstanding growth of USDC [3] Downgrades - Jefferies downgraded Progressive (PGR) to Hold from Buy with a price target of $232, down from $261, anticipating a lighter growth environment due to increased competition in the personal auto insurance market [4] - BofA downgraded Flowserve (FLS) to Neutral from Buy with a price target of $73, up from $60, believing that near-term nuclear upside is already priced into shares [4] - BofA downgraded StubHub (STUB) to Neutral from Buy with a price target of $19, down from $25, as Q3 revenue and EBITDA beat expectations but lacked guidance for Q4 metrics [5] - Craig-Hallum downgraded Applied Materials (AMAT) to Hold from Buy with a price target of $190, suggesting that better buying opportunities may arise in the coming quarters as industry spending increases are still some time away [5] - Stifel downgraded Home Depot (HD) to Hold from Buy with a price target of $370, down from $440, expressing a cautious bias ahead of the company's Q3 report [6] Initiations - Baird initiated coverage of Microsoft (MSFT) with an Outperform rating and a $600 price target, highlighting its leadership in the AI revolution through partnerships with OpenAI [7] - Loop Capital initiated coverage of Polaris (PII) with a Hold rating and a $59 price target, maintaining a cautious view on the company's long-term outlook [7] - Wells Fargo initiated coverage of United Rentals (URI) with an Overweight rating and a $995 price target, favoring construction machinery stocks over engineering services due to a favorable supply setup [7] - Cantor Fitzgerald initiated coverage of DiaMedica Therapeutics (DMAC) with an Overweight rating and a $25 price target, noting compelling data for DM199 in treating pre-eclampsia [8] - Stephens initiated coverage of Simpson Manufacturing (SSD) with an Equal Weight rating and a $187 price target, expecting subdued U.S. housing starts until at least the second half of 2026 [8]

Core Insights - Sodexo has conducted a share buyback program from November 4 to November 7, 2025, purchasing a total of 143,106 shares at a weighted average price of €46.5451 [1] - The share buyback is part of the obligations related to free shares award plans, as authorized by the Shareholders' Meeting on December 17, 2024 [1] Company Overview - Founded in 1966 in Marseille, Sodexo is a leader in Food and Services, focusing on improving everyday experiences across various sectors [2] - The company emphasizes its independence, family shareholding, and responsible business model, aiming to enhance the quality of life for employees and the communities it serves [2] - Sodexo is included in several indices, including CAC Next 20, CAC SBT 1.5, FTSE 4 Good, and DJSI [2] Key Figures - For fiscal 2025, Sodexo reported consolidated revenues of €24.1 billion across 43 countries [3] - As of August 31, 2025, the company employed 426,000 people and served 80 million consumers daily [5] - The market capitalization of Sodexo was €8.3 billion as of October 22, 2025 [5]

Core Viewpoint - Analysts expect Aramark (ARMK) to report quarterly earnings of $0.65 per share, reflecting a year-over-year increase of 20.4%, with revenues projected at $5.16 billion, up 16.8% from the previous year [1] Earnings Estimates - Changes in earnings estimates are crucial for predicting investor reactions to stock performance, with empirical studies showing a strong correlation between earnings estimate revisions and short-term stock price performance [2] Revenue Projections - Analysts project 'Revenues- FSS International' to reach $1.44 billion, indicating a 16.1% increase from the year-ago quarter [4] - 'Revenues- FSS United States' is expected to be $3.70 billion, reflecting a 16.5% increase from the previous year [4] Operating Income Estimates - The consensus for 'Operating Income- FSS United States' is $262.33 million, up from $200.72 million in the same quarter last year [4] - 'Operating Income- FSS International' is projected at $65.69 million, compared to $46.21 million a year ago [5] - The estimated 'Adjusted Operating Income- FSS United States' stands at $284.23 million, up from $240.63 million in the previous year [5] - 'Adjusted Operating Income- FSS International' is expected to be $71.16 million, compared to $57.80 million last year [6] Stock Performance - Over the past month, Aramark shares have returned -4.6%, contrasting with the Zacks S&P 500 composite's +4.6% change [6] - Currently, ARMK holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the overall market in the near future [6]

Core Insights - Sodexo has launched the Better Tomorrow 2028 roadmap to enhance its sustainability efforts, building on the previous Better Tomorrow 2025 initiative [1][4] - The new roadmap emphasizes operational sustainability and aims to create measurable positive impacts on society and the planet [2][5] Group 1: Roadmap Overview - Better Tomorrow 2028 is designed as a pragmatic roadmap that integrates sustainability into the company's operations across all regions [1][4] - The roadmap is structured around three strategic pillars: People, Clients, and Planet & Society, focusing on engaging employees and clients for greater impact [5][7] Group 2: Employee Engagement - Sodexo aims to provide 15 hours of training per employee annually by 2026, an increase from 11.8 hours in FY2025, to enhance employee well-being and development [7] Group 3: Client Initiatives - The company plans to offer 70% of its main dish recipes as 'good for the planet' by 2030, as defined in collaboration with WWF [7] - Sodexo aims for a 50% reduction in food waste by 2028 through the implementation of the WasteWatch program [7] Group 4: Environmental Goals - The company is committed to achieving Net Zero Carbon by 2040 while enhancing its social impact through initiatives like Stop Hunger [7] - Low carbon meals are defined as those generating 0.9kg of CO2e or less, reflecting the company's commitment to sustainable food production [9] Group 5: Company Background - Founded in 1966, Sodexo is a leader in Food and Services, serving 80 million consumers daily across 43 countries [10][15] - The company is recognized in various sustainability indices, including CAC Next 20 and FTSE 4 Good, highlighting its commitment to responsible business practices [11]

Core Insights - Global equity markets experienced significant growth in Q3, with the S&P 500 rising 8.12% for the quarter and 14.83% year-to-date, while the MSCI EAFE Index increased by 4.77% for the quarter and 25.14% year-to-date [2][3] Market Performance - The S&P 500 achieved back-to-back annual returns of 26% and 25% in 2023 and 2024, respectively, with valuation metrics like the "Buffett Indicator" and CAPE-Shiller P/E at or near record highs [2] - Non-US equities, particularly European stocks, outperformed the S&P 500 year-to-date, benefiting from a weaker US dollar and a resurgence in value recognition [3][11] Fund Performance - Tweedy, Browne Funds reported year-to-date returns ranging from 15.98% for the Value Fund to 23.17% for the International Value Fund II, with the Worldwide High Dividend Yield Value Fund outperforming its benchmark [3][5] - The International Value Fund II had a return of 23.17%, trailing its benchmark, the unhedged MSCI EAFE Index, by 197 basis points [3] Portfolio Activity - The company made strategic adjustments to its portfolio, trimming or selling holdings that reached estimated value and adding to companies perceived as attractively priced, such as Berkeley Group Holdings and Breedon Group [8] - New positions were initiated in Santec Holdings and additional investments were made in companies like Dentium and Azelis Group, reflecting a focus on growth potential and reasonable valuations [8] Outlook - The company is optimistic about the resurgence of non-US equity returns and believes its funds are well-positioned for future market conditions, whether they favor non-US equities or face broader market challenges [11]

Market Overview - The Dow Jones Industrial Average increased by 335.38 points (0.7138%), reaching 47,322.48, driven by optimism regarding a potential resolution to the U.S. government shutdown [1] - Bipartisan progress in the Senate towards a funding agreement has positively influenced investor sentiment, indicating a possible end to the current impasse [1] Technology Sector Performance - A notable rebound in technology stocks, especially those associated with artificial intelligence, was observed after a challenging previous week [2] - Nvidia (NVDA) was a standout performer, surging by 4.77%, contributing significantly to the positive momentum in the sector [2] - Other major gainers included 3M Company (MMM) up 2.29%, Amazon (AMZN) increasing by 1.69%, Goldman Sachs (GS) rising 1.67%, and Microsoft (MSFT) gaining 1.60% [2] Declines in Other Sectors - Procter & Gamble (PG) led the declines, falling by 1.89%, indicating some weakness in the consumer goods sector [3] - Home Depot (HD) decreased by 1.16%, and UnitedHealth Group (UNH) declined by 0.88%, reflecting uncertainty in the healthcare sector amid discussions on expiring tax credits [3] - Verizon (VZ) and McDonald's (MCD) also experienced dips of 0.72% and 0.68%, respectively [3]