By Dean Seal
$Aramark(ARMK-W)$ boosted profits in the fiscal second quarter with higher revenue from its international business.
The food, facilities and uniform-services company posted a profit of $61.9 million, or 23 cents a share, compared with $53.4 million, or 20 cents a share, in the same quarter a year earlier.
Stripping out one-time items, adjusted earnings were 34 cents a share. Analysts surveyed by FactSet had been expecting 33 cents a share.
Revenue rose 2% to $4.28 billion, below analyst projections for $4.35 billion, according to FactSet.
The top line was up 3% on an organic basis and would have been higher were it not for portfolio exits in its facilities business a year earlier, fewer operating days due to calendar shifts at several universities it serves, and temporary weather-related site closures that primarily occurred in the Southeast.
All three of those setbacks kept the sales of Aramark's U.S. business flat year-over-year. They would have been up 1% otherwise.
Chief Executive John Zillmer said the Philadelphia-based company has seen positive business trends heading into the second half of its fiscal year, with strong retention rates and new client wins, as well as accelerating monthly revenue growth.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
May 06, 2025 06:54 ET (10:54 GMT)
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