Aramark Q2 2024 Adj EPS $0.29 Beats $0.27 Estimate, Sales $4.20B Miss $4.24B Estimate
Portfolio Pulse from Benzinga Newsdesk
Aramark (ARMK) reported Q2 2024 adjusted EPS of $0.29, surpassing the $0.27 estimate, but its sales of $4.20B fell short of the $4.24B estimate, marking a 7.25% increase from last year's $3.92B.
May 08, 2024 | 12:54 pm
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Aramark's Q2 2024 earnings beat EPS estimates but missed on sales, showing significant year-over-year growth.
While Aramark beat EPS estimates, indicating operational efficiency and profitability, the slight miss in sales forecasts could temper investor enthusiasm. However, the year-over-year sales growth suggests a positive trajectory, potentially balancing out the short-term market reaction.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100