What to Expect From Aramark’s Upcoming Q2/23 Earnings Results?
<p>RBC Capital provided its outlook on <a href='https://financialmodelingprep.com/financial-summary/ARMK'>Aramark (NYSE:ARMK)</a> ahead of the upcoming Q2/23 earnings report on May 9, expecting in-line quarterly revenue with the sustained new business win, return to the office and pricing tailwinds. </p>
<p>The analysts estimate Q2 revenue of $4.41 billion, AOI of $200 million (4.5% margin), slightly below the consensus of $208 million (4.7% margin), and EPS of $0.24, in line with the Street estimate of $0.24. </p>
<p>Positively, food inflation (food PPI) has started to roll over, which along with pricing increases, bodes well for margin expansion going forward. The analysts expect the company to reiterate its 2023 guidance and provide an update on the progress on the spin-off of the Uniform business expected by the end of 2023.</p>

NYSE:ARMK