Aramark (NYSE:ARMK) Q2 2023 Earnings Conference Call May 9, 2023 8:30 AM ET

Company Participants

Felise Kissell - Vice President of Investor Relations and Corporate Development

John Zillmer - Chief Executive Officer

Tom Ondrof - Chief Financial Officer

Conference Call Participants

Toni Kaplan - Morgan Stanley

Heather Balsky - Bank of America

Ian Zaffino - Oppenheimer

Neil Tyler - Redburn

Andrew Steinerman - JPMorgan

Shlomo Rosenbaum - Stifel

Jaafar Mestari - BNP Paribas Exane

Harry Martin - Bernstein

Leo Carrington - Citi

Faiza Alwy - Deutsche Bank

Stephanie Moore - Jefferies

David Paige - RBC Capital Markets

Operator

Good morning, and welcome to Aramark's Second Quarter Fiscal 2023 Earnings Results Conference Call. My name is Kevin, and I'll be your operator for today's call. At this time, I would like to inform you this conference is being recorded for rebroadcast. And that all participants’ are in a listen-only mode. We will open the conference for questions at the conclusion of the company's remarks.

I will now turn the call over to Felise Kissell, Vice President of Investor Relations and Corporate Development. Ms. Kissell, please proceed.

Felise Kissell

Thank you, and welcome to Aramark's second quarter fiscal ‘23 earnings conference call and webcast. This morning, we will be hearing from our Chief Executive Officer, John Zillmer; as well as our Chief Financial Officer, Tom Ondrof.

As a reminder, our notice regarding forward-looking statements is included in our press release this morning, which can be found on our website. During this call, we will be making comments that are forward-looking. Actual results may differ materially from those expressed or implied as a result of various risks, uncertainties and important factors, including those discussed in the risk factors, MD&A and other sections of our annual report on Form 10 and our other SEC filings.

Additionally, we will be discussing certain non-GAAP financial measures. A reconciliation of these items to U.S. GAAP can be found in this morning's press release, as well as on our website.

I will now turn the call over to John.

John Zillmer

Thanks, Felise, and thanks to all of you for joining us today. Now halfway through the fiscal year, we continue to make progress on our strategic priorities, which have resulted in: one, strong business performance; two, positioning the Uniform services spin-off for success; and three, additional balance sheet optimization. This morning, Tom and I will share an update on each of these priorities, as well as a detailed outlook for the full-year before opening the line for questions.