Aramark Reports Second Quarter 2017 Earnings And Increases 2017 Outlook
Source Aramark
KEY HIGHLIGHTS
Sales +1%; Organic Sales +2%
Operating Income +11%; Adjusted Operating Income (AOI) +5%(1)
EPS +4% to $0.28; Adjusted EPS +15%(1) to $0.45
Operating Income Margin up 50 bps to 5.3%; AOI Margin up 20 bps to 6.4%(1)
Improved Full-Year 2017 Outlook
PHILADELPHIA, May 9, 2017 /PRNewswire/ -- Aramark (NYSE: ARMK) today reported second quarter fiscal results.
"We delivered another quarter of strong performance, as we continue to execute on our focused strategy," said Eric J. Foss, Chairman, President and CEO. "Our reinvestments to drive growth, enhance quality and optimize productivity are generating solid returns as we consistently raise the bar to create a consumer-centric product portfolio and deliver a great customer experience."
Foss also noted: "I am pleased to announce that we have completed a significant refinancing, which improved our financial flexibility and lowered future interest expense. Based on the outcome of this refinancing, as well as our continued confidence in our operational performance, we are increasing our full-year outlook."
