Sign in

    Karl Green • RBC Capital Markets

    Karl Green's questions to Aramark (ARMK) leadership

    Karl Green's questions to Aramark (ARMK) leadership • Q3 2025

    Question

    Karl Green of RBC Capital Markets inquired about the profitability of the Education and Business & Industry segments compared to pre-pandemic levels, their future potential, and the per capita spending growth in the Sports & Leisure business.

    Answer

    CFO Jim Tarangelo noted that Education revenues are well above fiscal 2019 levels and that overall U.S. margins are approaching pre-pandemic benchmarks. CEO John Zillmer stated that per capita spending in Major League Baseball is running ahead of expectations and remains very strong.

    Ask Fintool Equity Research AI

    Karl Green's questions to Aramark (ARMK) leadership • Q2 2025

    Question

    Karl Green asked for the outlook on CapEx over the next 12-18 months and its effect on free cash flow. He also requested a breakdown of the 15% increase in sports per capita spending between pricing and service efficiencies.

    Answer

    CFO Jim Tarangelo projected that full-year capital expenditures would be approximately 3% of revenue, consistent with historical levels, despite being slightly higher year-to-date. He attributed the 15% per capita spending increase on MLB opening day to roughly one-third from price and two-thirds from operational efficiencies and increased transaction flow-through.

    Ask Fintool Equity Research AI