STOCK TITAN
  1. Home
  2. News
  3. ARMK

ARAMARK - ARMK STOCK NEWS

Welcome to our dedicated page for ARAMARK news (Ticker: ARMK), a resource for investors and traders seeking the latest updates and insights on ARAMARK stock.

Aramark (NYSE: ARMK) is a global leader in providing innovative services in food, facilities management, and uniforms. United by a passion to serve, Aramark’s dedicated team of over 270,000 employees makes a meaningful difference each day in 19 countries around the world. Recognized as one of the world’s most admired companies by Fortune, Aramark is also rated number one among diversified outsourcing companies and is celebrated as an employer of choice by the Human Rights Campaign and DiversityInc.

Aramark’s core business is segmented into three primary areas: Food and Support Services North America, Food and Support Services International, and Uniform and Career Apparel. The Food and Support Services segments cater to a wide range of clients, including school districts, colleges, healthcare facilities, correctional institutions, and business, sports, and entertainment venues. The Uniform segment focuses on renting, delivering, cleaning, and maintaining work attire and ancillary items like towels and mats, with operations in North America and Japan.

Aramark’s commitment to inclusivity and community impact is evident through its recent initiatives and partnerships. For example, in May 2024, Aramark partnered with the Lester and Rosalie Anixter Center and Triton College to provide employment opportunities for people with disabilities. This event underscores Aramark’s dedication to fostering access, opportunity, and belonging for everyone.

Financially, Aramark continues to show resilience and growth. With numerous service locations and distribution centers across the United States and Canada, Aramark maintains a robust presence in the market. The company’s strategic focus on innovation and customer satisfaction ensures it remains at the forefront of the industry.

News

Aramark Declares Quarterly Dividend

Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.28%
Tags
dividends
-
News

Aramark to Host Conference Call on Second Quarter Fiscal 2024 Results

Rhea-AI Summary
Aramark (NYSE:ARMK) will host a conference call to discuss its second quarter fiscal 2024 results on May 7, 2024, at 8:30 a.m. ET. The call will be broadcast live on the Aramark Investor Relations website, with a replay available later.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.86%
Tags
conferences earnings
-
News

Aramark Completes Debt Repricing

Rhea-AI Summary
Aramark (NYSE: ARMK) successfully repriced its 2028 and 2030 Term Loans, reducing pricing by 50 basis points. The new rate is SOFR plus 200 basis points, saving $10 million annually in interest expenses. The company aims to achieve a leverage ratio of approximately 3.5x by the end of the fiscal year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.15%
Tags
none
News

MLB Eats: Aramark Sports + Entertainment Unveils New Ballpark Fare for 2024 Season

Rhea-AI Summary
Aramark, a provider of food and beverage programs, expands its MLB portfolio with Oracle Park, home of the San Francisco Giants. The company introduces new culinary creations, guest-experience innovations, and local restaurant partnerships across various MLB stadiums for the 2024 season.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.79%
Tags
none
-
News

Aramark Chefs Awarded Distinguished ProChef® Certification From the Culinary Institute of America

Rhea-AI Summary
Aramark (ARMK) announces that 17 chefs from its Collegiate Hospitality group have graduated from the prestigious ProChef® certification program at The Culinary Institute of America (CIA). This certification program validates the chefs' culinary, managerial, and financial skills, enhancing Aramark's culinary programs at colleges and universities nationwide.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.7%
Tags
none
-
News

Aramark to Participate in Upcoming BofA Securities Investor Conference

Rhea-AI Summary
Aramark (ARMK) executives to participate in BofA Securities Conference with a Fireside Chat session. The event will feature the CEO and CFO discussing key business insights.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.77%
Tags
conferences
News

Aramark Helps the Chiefs Tackle Food Waste in Kansas City

Rhea-AI Summary
Aramark is committed to reducing food waste across its operations, partnering with the Kansas City Chiefs and local charity Pete's Garden to redirect uneaten food to families in need. The company aims to minimize waste through innovative food ordering and preparation techniques and is a USDA Food Loss and Waste 2030 Champion, committed to reducing food loss and waste in its U.S. operations by 50% by 2030 from its 2015 baseline.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.47%
Tags
none
-
News

Aramark Reports First Quarter Earnings

Rhea-AI Summary
Aramark (NYSE: ARMK) reported a 13% increase in revenue year-over-year, with a record performance in both FSS U.S. and International segments. Operating income increased by 10%, and adjusted operating income (AOI) grew by 28%. GAAP EPS decreased by 27%, while adjusted EPS increased by 33%. The company reduced its net debt position by over $2.2 billion compared to the prior year period and repaid $1.5 billion of Senior Notes due in 2025. Aramark's Board of Directors approved a quarterly dividend of 9.5 cents per share of common stock. The company is optimistic about its fiscal 2024 outlook, expecting growth in organic revenue, adjusted operating income, and adjusted EPS.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.37%
Tags
earnings
-
News

Aramark Declares Quarterly Dividend

Rhea-AI Summary
Aramark's Board of Directors has approved a quarterly dividend of 9.5 cents per share of common stock, payable on February 28, 2024, to stockholders of record at the close of business on February 14, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.55%
Tags
dividends
News

Aramark Publishes Annual Update on Responsible Business Practices in the 2023 Be Well. Do Well. Progress Report

Rhea-AI Summary
Aramark (NYSE: ARMK) published its 2023 Be Well. Do Well. Progress Report, highlighting its global responsible business practices and performance, including ESG efforts, diversity, equity, and inclusion commitments, community building, climate, food and worker safety, responsible sourcing, and waste reduction programs. The report also features Aramark's progress in reducing greenhouse gas emissions, supporting local communities, embedding circularity, empowering healthy consumers, engaging employees, and ethically sourcing from local, small, and diverse businesses.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1%
Tags
none

FAQ

What is the current stock price of ARAMARK (ARMK)?

The current stock price of ARAMARK (ARMK) is $37.25 as of November 18, 2024.

What is the market cap of ARAMARK (ARMK)?

The market cap of ARAMARK (ARMK) is approximately 9.8B.

What services does Aramark provide?

Aramark offers services in food, facilities management, and uniforms to a variety of clients worldwide.

How many employees does Aramark have?

Aramark has over 270,000 employees serving in 19 countries.

What recent partnerships has Aramark formed?

Aramark recently partnered with the Lester and Rosalie Anixter Center and Triton College to provide employment opportunities for people with disabilities.

Where does Aramark operate its services?

Aramark operates its services across the United States, Canada, North America, Japan, and several other international locations.

What is Aramark's recognition in the industry?

Aramark is recognized as one of the world’s most admired companies by Fortune and rated number one among diversified outsourcing companies.

What are the main business segments of Aramark?

The main business segments of Aramark are Food and Support Services North America, Food and Support Services International, and Uniform and Career Apparel.

How does Aramark support diversity and inclusivity?

Aramark is celebrated as an employer of choice by the Human Rights Campaign and DiversityInc and engages in initiatives to support employment for people with disabilities.

What types of clients does Aramark serve?

Aramark serves a variety of clients including school districts, colleges, healthcare facilities, correctional institutions, and business, sports, and entertainment venues.

How does Aramark contribute to the community?

Aramark contributes to the community through partnerships and initiatives that promote inclusivity, access, and opportunity, such as their collaboration with the Anixter Center.

What financial strengths does Aramark possess?

Aramark boasts a robust financial condition with a strong presence in North America and a strategic focus on innovation and customer satisfaction.

Stock ARMK logo
ARAMARK

NYSE:ARMK

ARMK Rankings

#872 Ranked by Market Cap
#1746 Ranked by Dividends

ARMK Stock Data

9.83B
263.45M
0.61%
101.48%
2.26%
Specialty Business Services
Retail-eating Places
Link
United States of America
PHILADELPHIA