Aramark's stock surged 7.19% during Tuesday's intraday session, following the release of its fiscal third-quarter earnings report that exceeded market expectations and prompted the company to raise its full-year organic revenue growth forecast.

The company reported adjusted earnings per share of $0.52, beating the consensus estimate of $0.48. Revenue climbed 9% to $5.058 billion, ahead of the $4.936 billion forecast. Net income attributable to stockholders jumped 36% to $97.66 million, driven by strong new business wins and industry-leading client retention of approximately 98%.

Aramark lifted its fiscal 2026 organic revenue growth projection to 9%-10% from the previous 7%-9% range, while reaffirming its adjusted EPS growth outlook of 20%-25%. The company also expects adjusted operating income growth and margin expansion to accelerate in the fourth quarter, with a large cash inflow anticipated primarily from collegiate hospitality and sports and entertainment operations.