Aramark Expects 2024 Revenue Growth Of ~10% (Prior 9%); Adjusted EPS Growth Of ~35% (Prior 30% - 35%)
Portfolio Pulse from Benzinga Newsdesk
Aramark has updated its 2024 financial outlook, expecting revenue growth of approximately 10%, adjusted EPS growth of around 35%, and AOI growth of about 20%. The company also anticipates a leverage ratio of approximately 3.5x.
August 06, 2024 | 10:39 am
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Aramark has revised its 2024 financial outlook, projecting higher revenue and adjusted EPS growth than previously anticipated. This positive update is likely to boost investor confidence and could lead to a short-term increase in the stock price.
The upward revision in revenue and adjusted EPS growth indicates strong performance and positive future prospects for Aramark. This is likely to enhance investor sentiment and drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100