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Aramark Growth Momentum Seen Extending Into Fiscal 2027, Truist Says

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Aramark's (ARMK) organic growth momentum should extend into fiscal 2027, supported by strong new business wins, record retention, and ramping data-center contracts under its Nexus platform, Truist Securities said in a note Wednesday.

The brokerage noted the company raised its fiscal 2026 organic revenue growth outlook to 9% to 10% from a prior range of the higher end of 7% to 9%, while keeping its adjusted operating income and EPS growth ranges unchanged.

Truist said the guidance was not raised further due to start-up costs from mobilizing new contracts and selling commissions tied to strong new business.

Truist noted new business wins of more than $1.6 billion year-to-date, up 51% year-over-year, with retention at 98%.

Truist maintained the company's buy rating with a price target of $70.

Price: $60.61, Change: $+0.13, Percent Change: +0.22%

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