Aramark Holdings Corp. spent $5.2 million refining its brand and logo, and awarded $4.3 million to executives for the completion of the Philadelphia company's initial public offering in December.
Those are two concrete tidbits from Aramark's quarterly earnings, released Wednesday, its first since the food- and uniform-services company listed its stock publicly for the third time.
In early trading Wednesday, Aramark's shares shot as high as $29.71 from $24.99 the day before, but they settled down to close at $26.10, up $1.11 or 4.44 percent. The shares are up 30.5 percent from their $20 IPO price.
Aramark said its sales for the three months ended Dec. 27 were $3.76 billion, up 6.4 percent from $3.54 billion in the comparable period a year ago. Net income climbed 4.5 percent, to $44.76 million, or 21 cents per share, from $42.81 million, or 20 cents per share, Aramark said.