Aramark Says Retention Dented by Chicago Schools Exit -- Market Talk

Dow Jones

2024/11/11

0925 ET - $Aramark(ARMK-W)$'s retention took a hit during 3Q from the loss of some lower-margin facility services accounts, particularly that of Chicago Public Schools, CEO John Zillmer says on a call with analysts. CPS said in February that it wouldn't renew a contract for Aramark to keep managing school janitors and cleaning services, allowing their most recent contract to expire at the end of June. Zillmer says the exit was the result of a "policy change driven by political considerations" and that Aramark is "not pleased with the effect this had" on overall retention." (dean.seal@wsj.com)

(END) Dow Jones Newswires

November 11, 2024 09:25 ET (14:25 GMT)

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Zillmer says the exit was the result of a \"policy change driven by political considerations\" and that Aramark is \"not pleased with the effect this had\" on overall retention.\" (dean.seal@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 11, 2024 09:25 ET (14:25 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4561","symbol_name":"索羅斯持倉","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2482878702","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2482878702","pubTimestamp":1731335100,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0925 ET - Aramark's retention took a hit during 3Q from the loss of some lower-margin facility services accounts, particularly that of Chicago Public Schools, CEO John Zillmer says on a call with analysts. 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CPS said in February that it wouldn't renew a contract for Aramark to keep managing school janitors and cleaning services, allowing their most recent contract to expire at the end of June. Zillmer says the exit was the result of a \"policy change driven by political considerations\" and that Aramark is \"not pleased with the effect this had\" on overall retention.\" (dean.seal@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 11, 2024 09:25 ET (14:25 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}