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Aramark Q3 Income Climbs Revenue Holds Steady At 36 Billion

PHILADELPHIA -- Aramark Holdings Corp. reported third-quarter net income of $65.3 million, or 26¢ a share, up from $44.8 million, or 18¢ per share, a year earlier. The contract foodservice giant's quarterly revenue was $3.6 billion, same as the comparable prior-year period. "Our operating momentum continues as we make consistent progress against our strategic priorities, which led to another quarter of solid performance," said Aramark president and chief executive Eric J. Foss. "Our results reflect broad...

August 14, 2017

PHILADELPHIA -- Aramark Holdings Corp. reported third-quarter net income of $65.3 million, or 26¢ a share, up from $44.8 million, or 18¢ per share, a year earlier. The contract foodservice giant's quarterly revenue was $3.6 billion, same as the comparable prior-year period.

"Our operating momentum continues as we make consistent progress against our strategic priorities, which led to another quarter of solid performance," said Aramark president and chief executive Eric J. Foss. "Our results reflect broad-based strength fueled by a constant focus on innovating across the entire portfolio in quality, premium offerings, health and wellness, and technology to create a differentiated experience for Aramark customers."

Aramark said its North America segment was positively impacted by growth in its sports, leisure, corrections, business and industry and education. Its international segment delivered broad-based organic growth, while uniform sales were down modestly.

Aramark expects full-year earnings to be $1.90 to $2 a share.