11 February 2016 | Herpreet Kaur Grewal
Aramark, the $15 billion (£10.4 billion) global provider of services in food, facilities management, and uniforms, has reported its first quarter fiscal results for 2016 as showing "continued organic sales growth".
The company's financial statement said: "Organic growth in Europe remains positive and both the European and emerging markets businesses made significant progress with productivity initiatives during the quarter."
Sales in the food and support services in its North America segment were $2.6 billion (£1.8 billion) with an organic sales decline of 1 per cent and adjusted operating income was $186 million (£128.7 million), a decline of 4 per cent on the previous year.
Sales were down 1 per cent and operating income was "about flat". North American operations, particularly the education and sports, leisure and corrections sectors, were the most significantly affected by the shift in the quarter.
The shift is estimated to have reduced North American sales by approximately 4 per cent and adjusted operating income by approximately 6 per cent.