Aramark (NYSE:ARMK) Q2 2022 Earnings Conference Call May 10, 2022 8:30 AM ET

Company Participants

John Zillmer - CEO

Thomas Ondrof - EVP and CFO

Felise Kissell - VP of IR and Corporate Affairs

Conference Call Participants

Kevin McVeigh - Credit Suisse

Stephen Grambling - Goldman Sachs

Ian Zaffino - Oppenheimer

Andy Wittmann - Baird

Heather Balsky - Bank of America

Andrew Steinerman - JPMorgan

Toni Kaplan - Morgan Stanley

Shlomo Rosenbaum - Stifel

Jaafar Mestari - BNP Paribas

Faiza Alwy - Deutsche Bank

Harry Martin - Bernstein

Operator

Good morning and welcome to Aramark Second Quarter 2022 Earnings Results Conference Call.

My name is Josh, and I'll be your operator for today's call. At this time, I'd like to inform you that this conference is being recorded for rebroadcast and that all participant lines are in a listen-only mode. We will open the conference call for questions at the conclusion of the company's remarks.

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

Felise Kissell

Thank you and welcome to Aramark's second quarter fiscal '22 earnings conference call and webcast. We also look forward to reviewing the plan to separate the uniform Services business into an independent publicly traded company announced this morning.

You'll be hearing from our CEO, John Zillmer; as well as our CFO, Tom Ondrof. As a reminder, our notice regarding forward-looking statements is included in our press releases this morning which can be found on our Web site. 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-K and 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.

So with all that, I will now turn the call over to John.

John Zillmer

Thanks, Felise. It's good to be with all of you during this transformative time in Aramark's history. While we continue to build on the operational changes we've made over the past 2.5 years to drive a client-focused growth mindset throughout the business, we are also excited about our plan announced this morning, to separate Aramark Uniform Services, or AUS, into an independent publicly traded company. AUS is a terrific business that is well poised for continued success, and one that I believe will thrive as a separate company under Kim Scott's leadership.