Aramark rises on upbeat full-year forecasts

Aramark

11/11/2024 14:23

** Shares of U.S. food service and facilities provider
Aramark  ARMK.N  rise 5% to $41 premarket
    ** Co expects fiscal 2025 organic revenue to grow 7.5% to
9.5% from revenue of $17.4 billion in 2024
    ** Co expects fiscal 2025 adjusted earnings per share to
grow 23% to 28% from adjusted EPS of $1.55 in 2024
    ** Co also approves new $500 million share repurchase
program; raises quarterly dividend by 11% 
    ** Reports Q4 revenue of $4.42 billion, compared with
analysts' estimates of $4.46 billion - LSEG data
    ** Including session moves, ARMK up 39.18% YTD

 (Reporting by Khusbu Jena in Bengaluru)
 ((Khusbu.Jena@thomsonreuters.com;))