Aramark has strong Q3, boosts earnings outlook
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.
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