Shares of Aramark (ARMK) plummeted 5.34% in pre-market trading on Tuesday, following the company's fiscal Q1 earnings report. While Aramark reported better-than-expected adjusted earnings of $0.51 per share, the revenue for the quarter fell short of analyst estimates.
The company reported revenue of $4.55 billion for the quarter ended December 27, missing the consensus estimate of $4.62 billion from analysts polled by FactSet. Despite the revenue miss, Aramark reiterated its fiscal 2025 adjusted EPS growth guidance range of 23% to 28%, with analysts expecting non-GAAP EPS of $1.93.
Investors appear to be concerned about Aramark's ability to meet revenue expectations, which could impact its overall profitability and growth prospects. The company's stock price plummet reflects the market's reaction to the disappointing revenue guidance.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.