Wednesday, April 1, 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)

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

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