Reports Q4 revenue $4.42B, consensus $4.46B. “We reached new highs in our financial performance every quarter during fiscal 2024, ultimately achieving record revenue and AOI profitability for any year in Global FSS history,” said John Zillmer, Aramark’s (ARMK) Chief Executive Officer. “Aramark’s results are a testament to what our teams are capable of-continuously raising the bar and challenging ourselves across the organization to deliver for our stakeholders. As part of this commitment, our Board has approved a new $500 million share repurchase program, reflecting our strong capital structure capabilities, which include 1) strategically investing to drive growth; 2) ongoing debt repayment; 3) issuing quarterly dividends; and 4) now utilizing excess cash generation to repurchase Aramark shares. I’m proud of what we’ve accomplished this past year at the company and believe we have tremendous runway in the business.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on ARMK:
- ARMK Upcoming Earnings Report: What to Expect?
- Aramark price target raised to $45 from $39 at Jefferies
- Aramark price target raised to $41 from $38 at Goldman Sachs
- Citi ups Aramark target, names top pick in catering
- Aramark price target raised to $43 from $40 at Stifel
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
