Aramark (ARMK) · Q2 2026 results and valuation

At 10.6% growth a year (3-year revenue growth), the model's fair value is $19.09 a share — the stock trades 182% above it. Today's price assumes 19.0% growth a year.

1. Guidance

   Aramark is also reaffirming its expectations for AOI growth of 12% to 17%, and adjusted EPS growth of 20% to 25%, both of which are aligned with Wall…

2. Guidance

   Project scope grew 40%, and the yearly outlook is now about $140 million.

   Source quote

   “And with this 40% increase in scope, we expect it to be somewhere in the range of $140 million per year.”

3. Figure

   Organic revenue grew 9% to $5 billion in the third quarter, which matters as a key indicator of the company's growth trajectory.

   Source quote

   “In the third quarter, organic revenue for the company grew 9% to $5 billion and would have increased another approximately...”

Management sounded noticeably less positive answering analysts than in its prepared script — one of the biggest drops of any company call. Scripts are polished in advance; a drop under questioning often marks the topics analysts pressed on, so the answers deserve a closer read than the script.

Sentences that drove the tone

“Our strong quarterly performance resulted in GAAP EPS of $0.36 and adjusted EPS of $0.52, an increase of nearly 30% versus the prior year and almost 45%, excluding the calendar...”

“This double-digit profit growth and margin expansion were driven by higher revenue levels, expanded supply chain capabilities and effective cost management.”

“We're heading into the fourth quarter with significant momentum across the portfolio, including industry-leading client retention at record levels of approximately 98%, underscoring the strength of our client relationships and...”