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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.

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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.

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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.

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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.

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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.
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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.
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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.
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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.
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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.
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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.
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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.
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FAQ

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

The current stock price of ARAMARK (ARMK) is $37.43 as of December 27, 2024.

What is the market cap of ARAMARK (ARMK)?

The market cap of ARAMARK (ARMK) is approximately 10.0B.

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.

ARAMARK

NYSE:ARMK

ARMK Rankings

ARMK Stock Data

9.97B
263.27M
0.6%
97.52%
3.65%
Specialty Business Services
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United States of America
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