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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.

News

Aramark Reports Fourth Quarter and Full Year Fiscal 2023 Results

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Aramark (NYSE: ARMK) reported a 12% revenue increase in Q4, with a 40% rise in operating income and a 169% increase in EPS. In fiscal 2023, revenue grew by 15%, operating income by 37%, and EPS by 243%. The company completed the spin-off of its Uniform Services business, now trading as Vestis. Net New Business momentum continued in Global FSS, and the company's leverage ratio improved by 1.4x. Aramark's Board of Directors approved a 15% increase to its pro rata portion of the pre-spin quarterly dividend. The company expects organic revenue growth of 7-9%, Adjusted Operating Income growth of 15-20%, and Adjusted EPS growth of 25-35% for fiscal 2024.
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Aramark to Participate in Upcoming J.P. Morgan Investor Conference

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Aramark (NYSE:ARMK) CFO to participate in J.P. Morgan Ultimate Services Investor Conference on November 16, 2023, with a featured Fireside Chat session at 9:50 a.m. ET. Live audio webcast and replay available on Aramark website.
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Aramark Employees Support Breast Cancer Awareness

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Aramark, a global leader in food, facilities, and uniform services, collaborated with Aramark Community Relations and EMPOWER employee resource group to create volunteer activities during Breast Cancer Awareness Month. Aramark employees participated in virtual and in-person opportunities to raise awareness and support for breast cancer patients.
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Aramark Collegiate Hospitality and Audubon Nature Institute Announce Culinary Partnership for Sustainable Seafood

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Aramark Collegiate Hospitality has partnered with Audubon Nature Institute's G.U.L.F. sustainable seafood program to promote sustainable sourcing practices from the Gulf of Mexico. The partnership aims to educate chefs on sustainable seafood and encourage the use of sustainably caught Gulf species in their culinary creations. Aramark chefs visited fishing docks in Louisiana as part of their training, and a pilot Limited Time Offer event has been launched to source white shrimp from the Gulf.
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Creating Opportunities for People With Disabilities to Thrive

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Aramark's employee resource group, Thrive, made significant efforts to advance the acceptance and inclusion of people with disabilities during National Disability Employment Awareness Month. Aramark increased membership in its ERG by 18% and earned a score of 100 on the Disability Equality Index for the seventh consecutive year. They also partnered with organizations to boost employment opportunities for those with disabilities.
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Aramark Sports + Entertainment Launches ‘Aura’

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Aramark Sports + Entertainment has launched Aura, an elevated approach to premium service that aims to deliver an unmatched hospitality experience paired with exceptional culinary talent. Aura is made up of four pillars: food, beverage, service, and design. The food program is developed in collaboration with James Beard Award-winning visionary Stephen Starr. The beverage program integrates industry experts to advise on brand partnerships and menu offerings. Exceptional technique and talent are crucial to Aura's philosophy, with staff receiving training from The Culinary Institute of America. The design of Aura spaces is meticulously crafted to evoke sophistication and exclusivity. The first curated space in the Aura portfolio is the Agave Club at Frost Bank Center, home of the San Antonio Spurs, which incorporates all four pillars of Aura to provide an elevated food and beverage experience for guests.
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Fueling Student Athletes for Peak Performance Takes Precise Nutrition: Aramark Collegiate Hospitality Launches Eat to Excel™ Dining Platform Designed Specifically for Athletes

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Aramark Collegiate Hospitality has launched Eat to Excel, a performance-based dining platform for student athletes. The program provides nutrition education and personalized fueling guidance to help athletes excel on and off the field. It is designed for Division II and III athletes at campuses without dedicated training tables.
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Aramark to Host Conference Call on Fourth Quarter and Full-Year Fiscal 2023 Results

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Aramark to host conference call to review Q4 and full-year fiscal 2023 results
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Aramark Sports + Entertainment Unveils New Food and Beverage Programs at Seven NBA and NHL Venues for 2023-24 Arena Season

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Aramark Sports + Entertainment introduces new gameday hospitality experience for the 2023-24 season
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Sasha Day Named President and CEO of Aramark Destinations: Bruce Fears Retires After 40 Years of Service & Stewardship

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Sasha Day named President and CEO of ARAMARK Destinations
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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
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United States of America
PHILADELPHIA