Aramark reports Q3 adjusted EPS 40c, consensus 40c

Reports Q3 revenue $4.63B, consensus $4.66B. “We’ve achieved a number of significant milestones at the Company since last reporting earnings, including being recently awarded one of the largest new client wins in our history, as well as experiencing record client retention levels now surpassing 97%,” said John Zillmer, Aramark’s (ARMK) Chief Executive Officer. “Our Supply Chain optimization initiatives, which include introducing additional AI-driven technology, have driven significant incremental value for our clients and the Company. We continue to advance our disciplined capital allocation strategies, benefiting from a strong and flexible balance sheet designed to maximize shareholder returns. I’m extremely proud of what the teams have accomplished this quarter and firmly believe there is tremendous value-creating potential in the business going forward.”