Aramark (ARMK) has announced its first-quarter earnings, showcasing a notable increase from the same period last year and surpassing Wall Street expectations. The company's net income reached $105.62 million, or $0.39 per share, compared to $28.54 million, or $0.11 per share, in the previous year.
Excluding certain items, Aramark's adjusted earnings were reported at $136.93 million, or $0.51 per share, for the quarter. This surpassed the average analyst forecast, which had predicted earnings of $0.49 per share, typically excluding special items.
Revenue saw a rise of 3.3%, climbing to $4.552 billion from the previous year's $4.408 billion.
Key figures for Aramark's earnings (GAAP):
- Net Income: $105.62 million compared to $28.54 million last year.
- Earnings Per Share: $0.39 compared to $0.11 last year.
- Revenue: $4.552 billion compared to $4.408 billion last year.
