Aramark Services (ARMK) Tops Q3 EPS by 1c
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Aramark Reports Third Quarter Earnings
August 9, 2022 6:30 AM EDTYEAR-OVER-YEAR SUMMARY
Revenue +38%; Organic Revenue +39% Revenue now surpassing pre-COVID levels across all three business segments Primarily driven by record-level net growth, pricing, and ongoing base recovery Operating Income +99%; Adjusted Operating Income (AOI) +73%1 Operating Income Margin of 3.6%, +109 bps; AOI Margin of 4.4%1, +85 bps1 Improved profitability from higher sales volume and operational cost management EPS increased to $0.16; Adjusted EPS increased to $0.25 EPS higher by $0.03; Adjusted EPS higher by $0.231 Raising fiscal... More