Monday, July 6, 2015

Aramark has strong Q3, boosts earnings outlook

The logo atop Aramark´s Philadelphia skyscraper. (Yong Kim / Staff Photographer)
The logo atop Aramark's Philadelphia skyscraper. (Yong Kim / Staff Photographer)
Travel Deals

Third-quarter sales at Aramark, the Philadelphia food-services giant, rose to $3.6 billion from $3.5 billion in the year-ago quarter and net income attributable to stockholders soared to $46.9 million from $27.7 million.

The company boosted its full-year 2014 earnings outlook to $1.45 to $1.50 a share with projected organic sales growth of 3 percent to 5 percent.

Aramark, which reports food service and uniform segments, noted that it served three million fans at 12 venues during the FIFA World Cup tournament in Brazil during the quarter.

Bob Fernandez

More coverage
  • Why Aramark stock is gaining today
    We encourage respectful comments but reserve the right to delete anything that doesn't contribute to an engaging dialogue.
    Help us moderate this thread by flagging comments that violate our guidelines.

    Comment policy: comments are intended to be civil, friendly conversations. Please treat other participants with respect and in a way that you would want to be treated. You are responsible for what you say. And please, stay on topic. If you see an objectionable post, please report it to us using the "Report Abuse" option.

    Please note that comments are monitored by staff. We reserve the right at all times to remove any information or materials that are unlawful, threatening, abusive, libelous, defamatory, obscene, vulgar, pornographic, profane, indecent or otherwise objectionable. Personal attacks, especially on other participants, are not permitted. We reserve the right to permanently block any user who violates these terms and conditions.

    Additionally comments that are long, have multiple paragraph breaks, include code, or include hyperlinks may not be posted.

    Read 0 comments
    comments powered by Disqus
    Also on
    letter icon Newsletter