Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
ARAMARK Holdings (ARMK)
NYSE:ARMK
Holding ARMK?
Track your performance easily
Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
$0.48Last Year’s EPS
$0.41Same Quarter Last Year
Strong Buy
Based on 11 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 11, 2024
|% Change Since: -3.56%
|Next Earnings Date:Feb 11, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted a strong financial performance for fiscal '24, with significant new business wins, international growth, and innovative initiatives like AI-powered solutions. Despite some challenges like exiting low-margin accounts and a noncash inventory adjustment, the overall outlook is positive with expectations of continued growth.Company Guidance
During the Q4 2024 earnings call, Aramark provided robust guidance for fiscal 2025, highlighting anticipated organic revenue growth between 7.5% and 9.5%, driven by a net new business target of 4% to 5% and pricing increases of 2% to 3%. The company also expects adjusted operating income (AOI) to grow by 15% to 18% and adjusted EPS to increase 23% to 28%. Aramark's strategic priorities include a $500 million share repurchase program and reducing leverage to approximately 3x by the end of fiscal 2025. Despite a 93.2% overall retention rate, impacted by the exit from some lower-margin facility services accounts, the core foodservice businesses achieved a 95.2% retention rate. The international segment saw a 17% organic revenue growth, with significant contributions from markets like the U.K., Germany, and Chile, while global supply chain efforts resulted in $1 billion in new spend. Aramark's focus on innovation is evident through initiatives like Hospitality IQ, aimed at enhancing client experience through AI-powered solutions.Record-Breaking Financial Performance
Achieved record revenue and AOI profitability for fiscal '24 with year-over-year organic revenue growth of 10%, adjusted operating income increasing 20%, and adjusted EPS rising by 35% on a constant currency basis.
Share Repurchase Program
Board approved a new $500 million share repurchase program, demonstrating confidence in the business and growth opportunities.
Strong New Business Wins
Annualized gross new business wins totaled more than $1.4 billion, representing nearly 9% of prior year revenue.
International Growth
International organic revenue increased 17% in fiscal '24 with contributions from all geographic regions, notably the U.K., Germany, Canada, and Chile.
Innovative AI Initiatives
Launched Hospitality IQ, an AI-powered business application hub to enhance guest experiences and drive client business objectives.
---
ARMK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
ARMK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 11, 2024 | $39.01 | $38.58 | -1.10% |
| Aug 06, 2024 | $32.90 | $33.05 | +0.46% |
| May 07, 2024 | $31.36 | $30.50 | -2.74% |
| Feb 06, 2024 | $29.09 | $28.98 | -0.38% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does ARAMARK Holdings (ARMK) report earnings?
ARAMARK Holdings (ARMK) is schdueled to report earning on Feb 11, 2025, TBA Not Confirmed.
What is ARAMARK Holdings (ARMK) earnings time?
ARAMARK Holdings (ARMK) earnings time is at Feb 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ARMK EPS forecast?
ARMK EPS forecast for the fiscal quarter 2025 (Q1) is $0.48.
---