Aramark US - ARMK STOCK NEWS

Aramark (NYSE: ARMK), a global leader in food and facilities services, has been named a 2024 honoree of The Civic 50 by Points of Light, recognizing the top community-minded companies in the U.S. This accolade highlights Aramark's commitment to community service through initiatives like Aramark Building Community Day and support for over one million individuals worldwide in 2023. The Civic 50 honors companies with $1 billion+ in annual U.S. revenues based on resource investment, volunteerism, business integration, policy institutionalization, and impact measurement. Aramark's recognition underscores its dedication to civic engagement and corporate citizenship.

Aramark, a global leader in food services and facilities management, is hosting the Aramark International Chefs’ Cup 2024 in Toronto from June 11 to 13, 2024. Ten chefs from around the world will compete, showcasing their culinary skills and creativity. The competition emphasizes local ingredients and sustainability, with a jury of culinary experts evaluating the dishes. The event will culminate in the awarding of medals to the top three chefs, celebrating their talent and dedication to the craft.

Aramark Collegiate Hospitality and University of South Florida's School of Hospitality and Tourism Management have partnered to provide students with a combination of education and hands-on experience, resulting in 100% job placement for the inaugural Fall 2022 and Spring 2023 classes. The collaboration integrates theoretical knowledge with practical industry experience to prepare students for successful careers in hospitality. The partnership offers mentorship opportunities, practical experience, and access to culinary and restaurant facilities across USF's campuses, enhancing students' skills and understanding of the field.

Aramark, a global provider of food and facility services, organized its first International Innovation Summit in Santiago, Chile, to explore future service models with the help of VR and AI technologies. The summit gathered international leaders, clients, and technology partners from various countries to discuss innovative ways to enhance business results.

Aramark reported second quarter fiscal 2024 results with a 7% revenue increase year-over-year. Operating income grew by 27%, and adjusted EPS increased by 79%. The company enhanced its capital structure, generating over $1.1 billion in cash availability. Aramark's strong momentum continued, resulting in record revenue for both FSS U.S. and International segments.

Aramark employees worldwide participate in the company's global day of service, Aramark Building Community Day (ABC Day), by volunteering in local communities. This year, over 4,000 volunteers in 13 countries engage in projects that address critical issues, such as creating employment opportunities, increasing access to healthy food, and promoting environmental stewardship. ABC Day has been a successful initiative for the past ten years, with nearly 55,000 employees volunteering. The company's commitment to people is evident through its global service day, reinforcing Aramark's focus on positively impacting communities and the planet.

Aramark Refreshments, a leading provider of office coffee, refreshments, and snack distribution services, will showcase breakroom innovation at The NAMA Show 2024. The event, hosted by the National Automatic Merchandising Association, will feature Aramark's expertise in energizing workspaces with unique solutions to foster inclusivity and community. The company will introduce the Innovation Lounge, highlighting partnerships with brands like Amazon, BROOD, Everysy, and Borg & Overström, along with a commitment to sustainability. Aramark's innovative leaders will share insights on elevating customer experience and successful technology implementation during the event.

Aramark (NYSE: ARMK) has declared a quarterly dividend of 9.5 cents per share of common stock, to be paid on May 28, 2024, to stockholders of record on May 13, 2024.