Aramark · ARMK · FY2025 Q3 · Calendar Q3 2025
Aramark Maintains FY25 Guidance After Record Q3
The current analysis supports a constructive but qualified view: strong retention, new client wins, international expansion and supply-chain efficiencies provide operating support, while event disruption, medical costs, labor issues and integration risks temper the outlook.
Earnings scorecard
Reported versus consensusMarket reaction
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Transcript intelligence
What changed
Compared with the prior-quarter analysis, management's priorities now emphasize execution of the collegiate and HBCU expansion, the Entier acquisition and AI-driven contract intelligence. The current analysis also adds event cancellations, medical expenses and labor disruption as specific execution risks, while guidance sentiment remains maintained.
Guidance delta
Management maintained FY25 guidance and expressed confidence in the fourth-quarter outlook.
Key takeaways
- Management analysis describes record Q3 revenue and profitability, with adjusted EPS up nearly 30%.
- Client retention remained above 97%, while new wins supported the pipeline across sports, education and healthcare.
- AI-enabled supply-chain tools and cross-selling were cited as efficiency and growth supports.
- Capital allocation remains focused on debt reduction, dividends and share repurchases.
Management priorities
- Expand Collegiate Hospitality, including programs at Division I stadiums and Howard University.
- Complete the Entier catering acquisition and continue international expansion.
- Deploy AI tools for supply-chain contract management and menu planning while maintaining disciplined capex.
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Analyst 52W Price Targets
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 7, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| RBC Capital | Outperform | Outperform | Maintain | Aug 19, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Aug 13, 2026 |
| Citigroup | Buy | Buy | Maintain | Aug 13, 2026 |
| UBS | Buy | Buy | Maintain | Aug 12, 2026 |
| Stifel | Buy | Buy | Maintain | Aug 12, 2026 |
| Jefferies | Buy | Buy | Maintain | Aug 12, 2026 |
| Baird | Outperform | Outperform | Maintain | Aug 12, 2026 |
| Truist Securities | Buy | Buy | Maintain | Jul 27, 2026 |
| Oppenheimer | Outperform | Outperform | Maintain | Jun 29, 2026 |
| B of A Securities | Buy | Buy | Maintain | Jun 2, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | May 13, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Oct 16, 2024 |
| Deutsche Bank | Buy | Hold | Upgrade | Aug 7, 2024 |
| Barclays | Underweight | Underweight | Maintain | Aug 10, 2023 |
| Bernstein | Perform | Market Perform | Maintain | Apr 19, 2023 |
| Berenberg | Buy | Hold | Upgrade | Oct 21, 2021 |
| Stifel Nicolaus | Buy | Hold | Upgrade | Aug 19, 2019 |
| Nomura | Buy | Neutral | Upgrade | Aug 19, 2019 |
| Credit Suisse | Outperform | Outperform | Maintain | Aug 10, 2018 |
| Macquarie | Outperform | Outperform | Maintain | Aug 25, 2016 |
| Bank of America | Buy | Buy | Maintain | Aug 11, 2016 |
| Sterne Agee CRT | Buy | Buy | Maintain | Mar 22, 2016 |
| Credit Agricole | Outperform | Outperform | Maintain | Oct 1, 2014 |
| Wells Fargo | Outperform | Outperform | Maintain | Jan 21, 2014 |
Named analyst price targets
Upside is calculated against the persisted current price $55.45. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| RBC Capital | Analyst unavailable | $70 | $60.23 | +26.2% | Aug 19, 2026 |
| New Street | Analyst unavailable | $70 | $60.35 | +26.2% | Aug 13, 2026 |
| Jefferies | Analyst unavailable | $70 | $61.24 | +26.2% | Aug 12, 2026 |
| Deutsche Bank | Analyst unavailable | $74 | $60.46 | +33.5% | Aug 12, 2026 |
| Goldman Sachs | Analyst unavailable | $70 | $60.45 | +26.2% | Aug 12, 2026 |
| UBS | Analyst unavailable | $71 | $60.47 | +28.0% | Aug 12, 2026 |
| Robert W. Baird | Andrew Wittmann | $69 | $60.47 | +24.4% | Aug 12, 2026 |
| Morgan Stanley | Analyst unavailable | $63 | $60.47 | +13.6% | Aug 11, 2026 |
| Truist Financial | Jasper Bibb | $70 | $57.18 | +26.2% | Jul 27, 2026 |
| Robert W. Baird | Andrew Wittmann | $63 | $57 | +13.6% | Jul 24, 2026 |
| UBS | Joshua Chan | $67 | $58.3 | +20.8% | Jul 13, 2026 |
| Deutsche Bank | Analyst unavailable | $65 | $56.05 | +17.2% | Jun 29, 2026 |
| Oppenheimer | Analyst unavailable | $65 | $56.06 | +17.2% | Jun 29, 2026 |
| Oppenheimer | Ian Zaffino | $60 | $53.3 | +8.2% | Jun 11, 2026 |
| RBC Capital | Analyst unavailable | $55 | $50.87 | -0.8% | May 14, 2026 |
| Truist Financial | Jasper Bibb | $58 | $49.49 | +4.6% | May 13, 2026 |
| Deutsche Bank | Analyst unavailable | $54 | $49.34 | -2.6% | May 13, 2026 |
| Morgan Stanley | Analyst unavailable | $50 | $49.24 | -9.8% | May 13, 2026 |
| UBS | Analyst unavailable | $56 | $48.4 | +1.0% | May 13, 2026 |
| Robert W. Baird | Analyst unavailable | $58 | $48.4 | +4.6% | May 13, 2026 |
| Goldman Sachs | Analyst unavailable | $51 | $48.4 | -8.0% | May 13, 2026 |
| Truist Financial | Analyst unavailable | $50 | $39.27 | -9.8% | Feb 17, 2026 |
| UBS | Analyst unavailable | $47 | $41.32 | -15.2% | Feb 11, 2026 |
| Robert W. Baird | Analyst unavailable | $50 | $40.96 | -9.8% | Feb 11, 2026 |
| Morgan Stanley | Toni Kaplan | $45 | $40.96 | -18.8% | Feb 10, 2026 |
| Robert W. Baird | Analyst unavailable | $46 | $36.68 | -17.0% | Nov 18, 2025 |
| Stifel Nicolaus | Analyst unavailable | $44 | $36.04 | -20.6% | Nov 17, 2025 |
| UBS | Analyst unavailable | $45 | $38.4 | -18.8% | Oct 1, 2025 |
| UBS | Analyst unavailable | $46 | $39.56 | -17.0% | Aug 6, 2025 |
| Morgan Stanley | Toni Kaplan | $43 | $40.4 | -22.5% | Dec 12, 2024 |
| RBC Capital | Karl Green | $42.5 | $38.53 | -23.4% | Sep 17, 2024 |
| Truist Financial | Jasper Bibb | $42 | $37.99 | -24.3% | Sep 11, 2024 |
| Robert W. Baird | Andrew Wittmann | $38 | $34.62 | -31.5% | Aug 7, 2024 |
| Deutsche Bank | Faiza Alwy | $39 | $33.66 | -29.7% | Aug 7, 2024 |
| Oppenheimer | Ian Zaffino | $39 | $32.9 | -29.7% | Jun 12, 2024 |
| Jefferies | Stephanie Moore | $37 | $32 | -33.3% | Jun 4, 2024 |
| Truist Financial | Jasper Bibb | $37 | $31.59 | -33.3% | Mar 20, 2024 |
| Goldman Sachs | Lizzie Dove | $33 | $28.81 | -40.5% | Jan 17, 2024 |
| J.P. Morgan | Analyst unavailable | $44 | $40.89 | -20.6% | Feb 8, 2023 |
| Morgan Stanley | Analyst unavailable | $44 | $41.96 | -20.6% | Jan 4, 2023 |
| Barclays | Analyst unavailable | $36 | $41.9 | -35.1% | Dec 2, 2022 |
| Deutsche Bank | Analyst unavailable | $43 | $40.51 | -22.5% | Nov 16, 2022 |
| Morgan Stanley | Analyst unavailable | $41 | $39.94 | -26.1% | Nov 16, 2022 |
| RBC Capital | Analyst unavailable | $45 | $40.55 | -18.8% | Nov 16, 2022 |
| Morgan Stanley | Analyst unavailable | $38 | $33.1 | -31.5% | Sep 27, 2022 |
| Morgan Stanley | Analyst unavailable | $37 | $36.44 | -33.3% | Aug 10, 2022 |
| Oppenheimer | Ian Zaffino | $32.49 | $24.89 | -41.4% | Jul 21, 2021 |
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Start freeCompany context
Snapshot as of publicationBased in Philadelphia, Pennsylvania, Aramark, established in 1959, provides a comprehensive array of services encompassing food management, facility solutions, and uniform provision. The company serves a diverse global clientele, including educational institutions, healthcare providers, various businesses and industrial clients, sports and entertainment venues, leisure operators, and correctional facilities, both within the United States and internationally. Aramark organizes its operations into three primary divisions: U.S. Food and Support Services, International Food and Support Services, and Uniform and Career Apparel. Its extensive food-related offerings feature managed dining programs, catering solutions, food service management, and convenience retail options. This includes operating on-site restaurants, providing executive dining experiences, managing convenience stores, and offering beverage and vending services.…
Historical context
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Latest beats and misses
Who reports nextBeat on EPS
- ACNFY2026 Q4 · October 1, 2026+3.5% EPS+15.8% move
- MKCFY2026 Q3 · October 1, 2026+13.9% EPS-4.9% move
- NKEFY2027 Q1 · October 1, 2026+10.0% EPS-0.7% move
- CAGFY2027 Q1 · September 30, 2026+44.4% EPS-4.9% move
- FDSFY2026 Q4 · September 30, 2026+3.9% EPS+3.8% move
- JBLFY2026 Q4 · September 30, 2026+8.1% EPS-10.0% move
Get the ARMK recap when the next report posts
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-07T00:00:42.735581+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-07T00:00:42.732603+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-07. For educational purposes only; not investment advice.