ARMK - Aramark notches narrow Q1 earnings beat

Aramark ( NYSE: ARMK ) edged past expectations on earnings as pricing and base business growth supported stronger than anticipated results for the first quarter.

The Philadelphia-based food, facility, and uniform business reported $0.44 in adjusted EPS on $4.6B in revenue. The Street had anticipated $0.43 and $4.55B, respectively. A 20% jump in revenue from the US Food and Support Services business was a key driver of the above-consensus top-line figure.- Meanwhile, currency translations were cited as taking a $0.03 impact on EPS, an impact adjusted for in the $0.44 report.

"We began the year as we ended the last one, focused on our principal strategic objective: to drive profitable growth,” CEO John Zillmer said. “Our performance in the quarter reflected continued financial and operational momentum in the business despite a challenging macro-environment, which is a testament to the commitment of our talent across the globe to provide exceptional service to clients.”

Moving forward, the company maintained guidance for organic revenue growth between 11% and 13%. Free Cash Flow is expected to range from $475M to $525M before certain costs.

Read more on the details of the quarter .

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