PHILADELPHIA, Aug. 12, 2015 /PRNewswire/ -- Aramark, the $15 billion global provider of award-winning services in food, facilities management, and uniforms, today reported third quarter fiscal 2015 results, reaffirmed its 2015 constant-currency earnings outlook and announced a landmark initiative with the American Heart Association.
Calendar Shift
As previously disclosed, the company's fiscal calendar timing resulted in a 53 week year in 2014. This has two impacts on 2015 results. First, the fourth quarter of 2015 will be negatively impacted by approximately one week less of both sales and adjusted operating income vs the prior year, or approximately 7% for the quarter and 2% for the year. Second, our businesses will be affected by a later starting point in each quarter vs. the prior year. This has a modest phasing impact on several businesses in North America between quarters, with a full year negative impact of approximately (1%).
Q3 HIGHLIGHTS
- Sales of $3.5 billion;
- Adjusted operating income of $178 million, U.S. GAAP operating income of $117 million;
- Adjusted Earnings per Share of $0.29, U.S. GAAP earnings per share of $0.14;
- 2015 Full-Year Adjusted EPS expectation unchanged at $1.50 to $1.60.
"The business performed in line with our expectations in the third quarter as we continued making significant progress against our transformation agenda," said Eric J. Foss, Chairman, President and Chief Executive Officer. "Our earnings outlook for this year remains unchanged on a constant currency basis, with continued emphasis on capturing additional productivity and margin improvement while driving critical re-investment in the business. We are maintaining focus on our multi-year growth strategy as we move into 2016 and are well positioned to keep delivering sustainable shareholder value."
