BUZZ-Aramark rises on upbeat full-year forecasts

Reuters

2024/11/11

** Shares of U.S. food service and facilities provider $Aramark(ARMK-W)$ rise 5% to $41 premarket

** Co expects fiscal 2025 organic revenue to grow 7.5% to 9.5% from revenue of $17.4 billion in 2024

** Co expects fiscal 2025 adjusted earnings per share to grow 23% to 28% from adjusted EPS of $1.55 in 2024

** Co also approves new $500 million share repurchase program; raises quarterly dividend by 11%

** Reports Q4 revenue of $4.42 billion, compared with analysts' estimates of $4.46 billion - LSEG data

** Including session moves, ARMK up 39.18% YTD

(Reporting by Khusbu Jena in Bengaluru)

((Khusbu.Jena@thomsonreuters.com;))

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