Aramark Expects FY24 Adjusted EPS Growth Of 30% To 35% (Prior View: 25% To 35%), Reaffirms Organic Revenue Outlook In The Band Of 7% To 9%
Portfolio Pulse from Benzinga Newsdesk
Aramark has updated its FY24 adjusted EPS growth forecast to 30% to 35%, up from the previous range of 25% to 35%. The company also reaffirmed its organic revenue outlook, expecting growth in the range of 7% to 9%.
February 06, 2024 | 11:37 am
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Aramark has raised its FY24 adjusted EPS growth expectations to 30%-35% and reaffirmed its organic revenue growth forecast of 7%-9%.
Raising the lower end of the EPS growth forecast indicates stronger than previously anticipated financial performance and operational efficiency. This positive adjustment is likely to instill investor confidence, potentially leading to a short-term uptick in ARMK's stock price. The reaffirmation of the organic revenue growth outlook further supports the company's stable growth trajectory.
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IMPORTANCE 90
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