Aramark For FY24 Sees Organic Revenue Growth YoY Of 7%-9%; Adjusted Operating Income Growth Of 15%-20%; Expects Adjusted EPS growth of 25%-35% YoY
Portfolio Pulse from Benzinga Newsdesk
Aramark has provided its fiscal 2024 outlook, expecting organic revenue growth of 7%-9% year-over-year, adjusted operating income growth of 15%-20%, and adjusted EPS growth of 25%-35%. The company anticipates a leverage ratio of approximately 3.5x, improving from the current 3.9x.
November 14, 2023 | 11:39 am
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Aramark expects significant growth in FY24 with organic revenue increasing by 7%-9%, adjusted operating income by 15%-20%, and adjusted EPS by 25%-35%. The leverage ratio is projected to improve from 3.9x to around 3.5x.
The positive outlook provided by Aramark for FY24 indicates strong performance and profitability, which is likely to be well-received by investors. The anticipated growth in key financial metrics such as organic revenue, adjusted operating income, and EPS, along with an improved leverage ratio, suggests a robust financial position and operational efficiency. This positive guidance is expected to have a favorable impact on investor sentiment and the stock price in the short term.
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