Latest news with #JamesTarangelo
Yahoo
07-05-2025
- Business
- Yahoo
Aramark (ARMK) Q2 2025 Earnings Call Highlights: Strong International Growth and Record ...
Q : Jim, can you elaborate on the exit rate for entering 2026 and the potential for net new growth above 5%? A : James Tarangelo, CFO, explained that revenue accelerated throughout the second quarter, with April showing a 6% growth. This is before accounting for the facility exits, which had a 2% impact. He mentioned that they expect to be north of their multiyear growth target of 5% to 8% by the fourth quarter. Despite strong performance, the company is still managing fluctuations in the marketplace, both on Wall Street and Main Street. The US segment's organic revenue growth was only 1% in the second quarter, impacted by calendar shifts and weather-related closures. Revenue growth was affected by the exit of some facilities accounts last year and temporary weather-related client site closures in the Southeast US. Aramark ( NYSE:ARMK ) achieved record AOI profitability for any second quarter in global FSS history, with over 20% adjusted EPS growth on a constant currency basis. International segment reported a 10% year-over-year increase in organic revenue, with strong performance in countries like the UK, Spain, Chile, and Canada. New client wins totaled $760 million fiscal year-to-date, providing clear visibility to achieving net new growth of 4% to 5% in fiscal '25. For the complete transcript of the earnings call, please refer to the full earnings call transcript . Story continues Q: How does Avendra perform in a higher inflationary environment, and did you notice any slowdown in customer behavior? A: John Zillmer, CEO, stated that Avendra effectively manages supply chain disruptions and inflation, which is currently around 2.9% in the US. They are able to price to recover inflationary costs and consistently negotiate better deals. He noted strong consumer behavior with no significant slowdown in spending. Q: Can you provide more details on the acceleration needed in the second half of the year and which verticals are expected to drive this growth? A: James Tarangelo, CFO, highlighted that the acceleration is expected from higher education, corrections, and business & industry sectors. They are beginning to lap the facilities impact towards the end of the third quarter, which will contribute to growth in the fourth quarter. Q: Are you seeing any shifts in consumer behavior across segments due to macroeconomic conditions? A: John Zillmer, CEO, reported no significant changes in consumer behavior. He emphasized that their business is recession-resilient, with strong spending in sports, entertainment, and national parks, and no evidence of a slowdown. Q: How is the health care business performing amid potential subsidy changes and margin pressures? A: John Zillmer, CEO, acknowledged the ongoing challenges in the health care industry but noted that Aramark is well-positioned to help clients reduce costs. They are expanding services beyond food to include facilities management and other ancillary services, which provides growth opportunities. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
06-03-2025
- Business
- Yahoo
Aramark to Participate in Upcoming UBS Investor Conference
PHILADELPHIA, March 06, 2025--(BUSINESS WIRE)--Aramark (NYSE: ARMK), a global leader in food and facilities management, announced that the Company's Chief Financial Officer, James Tarangelo, will participate in the UBS Global Consumer and Retail Conference on Thursday, March 13, 2025, with a featured Fireside Chat session beginning at 10:00 a.m. ET. A live audio webcast and replay of the fireside chat session will be available through the Investor Relations section of the Aramark website at About Aramark Aramark (NYSE: ARMK) proudly serves the world's leading educational institutions, Fortune 500 companies, world champion sports teams, prominent healthcare providers, iconic destinations and cultural attractions, and numerous municipalities in 16 countries around the world with food and facilities management. Because of our hospitality culture, our employees strive to do great things for each other, our partners, our communities, and the planet. Learn more at and connect with us on LinkedIn, Facebook, X, and Instagram. View source version on Contacts Inquiries Felise Glantz Kissell (215) 409-7287Kissell-Felise@ Gene Cleary (215) 409-7945Cleary-Gene@
