First Full Fiscal-Year Results After IPO Show Strong Execution at Aramark

Aramark served up strong results in its first full fiscal year since its December 2013 initial public offering. Consolidated sales reached $14.8 billion, reflecting a year-over-year organic growth rate of about 5% after adjusting for the impact of an additional week in 2014. In particular, North American food service experienced healthy new account sales, benefiting not only from several large client project wins throughout the year but also from a large facilities maintenance project in the fourth quarter that accounted for 2% of segment sales. In addition, double-digit sales growth in emerging markets helped offset somewhat sluggish European food-service activity in Aramark’s international segment. Uniform services also enjoyed a steady cadence of new account growth throughout the year, prompting the segment to consider adding plant capacity to satisfy mounting demand.