Aramark Holdings Q1 Profit Rises - Quick Facts

(RTTNews) - Aramark Holdings Corp. (ARMK), a provider of services in food, facilities management, and uniforms, reported first-quarter net income attributable to shareholders of $85.5 million or $0.35 per share, compared to $44.8 million or $0.21 per share in the comparable quarter last year.

Adjusted net income for the latest quarter was $116 million, up from $109 million in the year-ago period, while earnings per share declined to $0.47 from $0.51 in prior year quarter.

On average, seven analysts polled by Thomson Reuters expected earnings of $0.48 per share for the quarter. Analysts' estimates typically exclude special items.

Sales in the latest first quarter were $3.70 billion, down from last year's $3.76 billion. Analysts expected sales of $3.80 billion. Organic sales growth was 1 percent.

In November 2014, the company provided guidance that fiscal 2015 adjusted earnings per share was expected within a range of $1.60 to $1.70 on a constant-currency basis using 2014 average exchange rates.  While the company's earnings outlook is unchanged, the recent strengthening of the U.S. dollar, if sustained for the remainder of the fiscal year, would reduce this range by approximately $0.07 per share.