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Aramark Q3 Earnings Call Highlights
['Tue', 'August', 'At Pm Gmt', 'Min Read']
Yahoo Finance
The calendar shift reduced company organic revenue growth by approximately 2 percentage points during the quarter, management said.
Aramark (NYSE:ARMK) reported fiscal third-quarter organic revenue growth of 9% to $5 billion, while highlighting record client retention, rising new-business wins and early progress in its Aramark Nexus data-center hospitality initiative.
Excluding the calendar shift, management said AOI growth would have been about 22% and margin improvement would have approached 65 basis points.
The company reaffirmed projected AOI growth of 12% to 17% and adjusted EPS growth of 20% to 25%.
The article "Aramark Q3 Earnings Call Highlights" was originally published by MarketBeat.