Exhibit 99.1
ARAMARK CORPORATION AND SUBSIDIARIES
RECONCILIATION OF NON-GAAP MEASURES
ORGANIC SALES GROWTH
(Unaudited)
(In thousands)
Management believes that presentation of sales growth in the quarterly and year-to-date periods adjusted to eliminate the effects of acquisitions, divestitures, the impact of currency translation (organic growth), provides useful information to investors because it enhances comparability between the current year and prior year reporting periods. Elimination of the currency translation effect provides constant currency comparisons without the distortion of currency rate fluctuations.
Three Months Ended | % Change | Nine Months Ended | % Change | |||||||||||||||||||
July 1, 2005 | July 2, 2004 | July 1, 2005 | July 2, 2004 | |||||||||||||||||||
ARAMARK Corporation Consolidated Sales (as reported) | $ | 2,792,366 | $ | 2,594,924 | 8 | % | $ | 8,181,741 | $ | 7,571,310 | 8 | % | ||||||||||
Effect of Currency Translation | — | 25,951 | — | 85,788 | ||||||||||||||||||
Effect of Acquisitions and Divestitures | (60,278 | ) | (484 | ) | (240,816 | ) | (28,755 | ) | ||||||||||||||
ARAMARK Corporation Consolidated Sales (as adjusted) | $ | 2,732,088 | $ | 2,620,391 | 4 | % | $ | 7,940,925 | $ | 7,628,343 | 4 | % | ||||||||||
ARAMARK CORPORATION AND SUBSIDIARIES
RECONCILIATION OF NON-GAAP MEASURES
ADJUSTED OPERATING INCOME
(Unaudited)
(In thousands)
Management believes that presentation of operating income growth in the quarterly and year-to-date periods adjusted to eliminate the effects of acquisitions, divestitures, the impact of currency translation (organic growth) and, for fiscal 2005, the effect of the gain from a real estate sale by an equity affiliate ($9.7 million), provides useful information to investors because it enhances comparability between the current year and prior year reporting periods. Elimination of the currency translation effect provides constant currency comparisons without the distortion of currency rate fluctuations.
Three Months Ended | % Change | Nine Months Ended | % Change | |||||||||||||||||||
July 1, 2005 | July 2, 2004 | July 1, 2005 | July 2, 2004 | |||||||||||||||||||
ARAMARK Corporation Consolidated Operating Income (as reported) | $ | 143,932 | $ | 131,950 | 9 | % | $ | 403,778 | $ | 376,620 | 7 | % | ||||||||||
Effect of Currency Translation | — | 817 | — | 3,295 | ||||||||||||||||||
Effect of Acquisitions and Divestitures | (1,679 | ) | (1,358 | ) | (7,071 | ) | (3,456 | ) | ||||||||||||||
142,253 | 131,409 | 8 | % | 396,707 | 376,459 | 5 | % | |||||||||||||||
Food and Support Services - U.S. Operating Income (as reported) | $ | 269,952 | $ | 239,793 | 13 | % | ||||||||||||||||
Gain from Real Estate Sale by Equity Affiliate | (9,737 | ) | — | |||||||||||||||||||
Food and Support Services - U.S. Operating Income (as adjusted) | $ | 260,215 | $ | 239,793 | 9 | % | ||||||||||||||||