On May 11th, Aramark Inc (ARMK) reported second-quarter results for the period ending April 2nd. For the quarter, the company posted a loss of $77.6 million on revenue of $2.82 billion with a negative EPS of $(0.30). Comparable figures from Q2 ending March 27, 2020, were a net loss of $202.3 million on revenue of $3.73 billion with a negative EPS of $(0.80).
During the quarter, Aramark acquired Next Level Hospitality, a provider of services to the senior living industry, nursing and rehabilitation facilities.
Aramark has a market capitalization of $9.3 billion. The company has traded over the past 52-weeks over a range of $20.31 to $43.12 with a 50-day moving average of $38.83.
On a trailing twelve-month basis, operating margin was -3.5 percent and profit margin -6.1 percent. The company generated negative returns on assets of -1.7 percent and -22.4 percent on equity.
Aramark has consistently opposed caged housing and was an early supporter of HSUS initiatives opposing intensive livestock production. As a supplier of eggs and services to universities, the Company was in a position to pass on additional costs to their customers who in turn billed students and parents without consideration of the implications of the Company position on welfare.