Aramark Q1 Profit Nearly Doubles, Backs 2015 Earnings View - Quick Facts

(RTTNews) - Aramark Holdings Corp. (ARMK), a provider of services in food, facilities management, and uniforms, reported that first-quarter net income attributable to shareholders grew to $85.50 million or $0.35 per share from $44.76 million or $0.21 per share in the prior-year quarter.

Excluding items, adjusted net income for the quarter was $115.82 million or $0.47 per share, compared to $108.80 million or $0.51 per share in the year-ago quarter.

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

Sales for the quarter decreased to $3.70 billion from $3.76 billion in the same quarter last year. Analysts expected sales of $3.80 billion. Organic sales growth was 1 percent.

The company said it estimates that first-quarter 2015 sales were reduced by about 3 percent, and adjusted earnings per share were reduced by about $0.03 as a result of the calendar shift, an additional week last year.

Looking ahead to fiscal 2015, the company continues to expect adjusted earnings in a range of $1.60 to $1.70 per share on a constant-currency basis using 2014 average exchange rates.