Last Price$33.63NYSE Closing Price as of 7:00PM ET 5/16/22

Today's Change-0.01(0.03%)
Bid (Size)$31.95 (11)
Ask (Size)$40.75 (1)
Day Low / High$32.88 - 33.94
Volume1.4 M

Aramark Swings To Fiscal Q4 Earnings As Revenue Climbs

6:54AM ET 11/16/2021 MT Newswires
Aramark (ARMK) reported Tuesday fiscal Q4 adjusted earnings of $0.21 per share that reversed the $0.35 adjusted loss per share a year ago. Analysts polled by Capital IQ had an average adjusted EPS forecast of $0.19.

The company, which provides food, facilities, and uniform services, said revenue increased to $3.55 billion from $2.69 billion in Q4 of fiscal 2020. The Capital IQ mean stood at $3.29 billion. According to the company, the period saw a 37% organic revenue growth driven by new client wins, business re-openings, and pricing pass-through.

For fiscal 2022, Aramark estimated 23% to 27% in organic growth and said it expects revenue to "approach pre-COVID levels" by the end of the year.

Price: 37.92, Change: -0.05, Percent Change: -0.13