Friday, November 17, 2017 | Today's Vending Industry News
Aramark Q4 Income, Revenues Rise Despite Natural Disaster Impact

Posted On: 11/14/2017

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PHILADELPHIA -- Aramark's 2017 fourth quarter net income climbed to $113 million from $83 million in the comparable 2016 quarter.

For the quarter, ended Sept. 29, consolidated revenues were $3.65 billion, a 2% organic increase over $3.54 billion the prior-year period. Revenue growth was negatively impacted by an estimated $25 million from natural disasters in the quarter.

Aramark's North America segment was positively impacted by growth across all sectors. Its international segment continued to deliver strong, broad-based organic growth, while uniform sales were up modestly. Income was negatively impacted by an estimated $17 million from natural disasters in the quarter, with a disproportionate impact off losses in the uniforms segment in Puerto Rico. 

In North America and international accounts, the foodservice and uniform giant said it drove strong productivity improvements, while continuing to reinvest in technology and capabilities. 

"Our solid operating performance in the fourth quarter led to another very successful year of double-digit adjusted EPS growth in 2017," said Aramark chairman, president and chief executive Eric J. Foss. "We continue to execute well against our strategy centered on driving quality and innovation to constantly elevate the customer experience."