Aramark Sees Continued Productivity Improvement in Its 3Q

Aramark’s organic fiscal fourth-quarter revenue was roughly flat with the same period last year, excluding foreign exchange and an extra work week. North American food and support services sales fell 2% organically in part because of the previously disclosed nonrenewal of a major sports and entertainment contract. This was only partly offset by previous new business wins in education end markets. The international segment generated 3% underlying sales growth on strength in emerging markets, particularly China. In the uniform services business, continued capacity expansion supported 5% organic growth; slightly above the 4% increase posted in the fiscal third quarter.