Recap: Aramark Q3 Earnings

Shares of Aramark ARMK moved lower by 1.2% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 246.81% year over year to ($0.69), which missed the estimate of ($0.66).

Revenue of $2,152,000,000 decreased by 46.35% year over year, which missed the estimate of $2,230,000,000.

Looking Ahead

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

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

Conference Call Details

Date: Aug 04, 2020

Time: 08:30 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/fw9yyv8a

Technicals

52-week high: $47.22

Company's 52-week low was at $9.65

Price action over last quarter: down 11.24%

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.