Recap: Aramark Q1 Earnings

Shares of Aramark ARMK fell 0.1% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share decreased 150.00% over the past year to ($0.31), which beat the estimate of ($0.41).

Revenue of $2,744,000,000 declined by 35.50% year over year, which beat the estimate of $2,730,000,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Aramark hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Feb 09, 2021

Time: 08:30 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/d6a3is2d

Technicals

Company's 52-week high was at $43.17

52-week low: $9.65

Price action over last quarter: Up 8.92%

Company Description

Aramark provides food, facilities, and uniform services to a variety of clients and institutions. The majority of company revenue comes from its North American food and support services segment. Smaller but substantial segments include food and support services international and uniform and career apparel. The food and support services segments provide food for school districts; colleges; healthcare facilities; correctional institutions; and business, sports, and entertainment venues. The uniform segment rents, delivers, cleans, and maintains work clothes and ancillary items like towels and mats to customers in North America and Japan. The company has hundreds of service locations and distribution centers across the United States and Canada.