Operating income for the quarter rose by 10 per cent year-over-year to $167 million, and adjusted operating income saw a significant jump of 28 per cent to $231 million. However, the operating income margin was 9 basis points lower than in the previous year.
Earnings per share (EPS) on a GAAP basis fell by 27 per cent to $0.11, while adjusted EPS improved substantially, with a 33 per cent increase to $0.41, the company said in a press release.
John Zillmer, Aramark's Chief Executive Officer. “Our teams around the globe are successfully executing on our growth strategies, which are driving top- and bottom- line performance. We’ve seen inflation continue to moderate, which provided a tailwind to profitability during the quarter. We believe the current market landscape presents tremendous opportunities, and both our growth leaders and our supply chain organisation are hard at work implementing strategies to further unlock this potential,” said John Zillmer, Aramark's chief executive officer.
ALCHEMPro News Desk (DP)
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