On August 11, Aramark surged 8.53% in regular trading, trading at $60.295 per share, with turnover of $22.17 million. The rally was driven by a strong fiscal Q3 earnings report that exceeded Wall Street expectations across all key metrics.
Aramark reported fiscal Q3 non-GAAP EPS of $0.52, beating the consensus estimate of $0.48 by $0.04. Revenue reached $5.06 billion, up 9.3% year-over-year and surpassing expectations of $4.94 billion by $120 million, with organic revenue growth of 9%. The company raised its fiscal 2026 organic revenue growth outlook to 9%-10%, up from the prior 7%-9% range, while reaffirming adjusted EPS growth of 20%-25%.
Additionally, year-to-date new business wins surged 51% year-over-year with a 98% client retention rate. The company maintained over $1.4 billion in available cash and proactively repaid $100 million in term loan debt post-quarter to optimize its capital structure. The combination of earnings outperformance, raised guidance, and strong forward indicators fueled the significant intraday advance.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
Comments