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Aramark - ARMK STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Aramark's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Aramark's position in the market.

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
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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
News
Aramark to Host Conference Call on First Quarter Fiscal 2024 Results
Rhea-AI Summary
Aramark (NYSE:ARMK) will host a conference call to review its first quarter fiscal 2024 results on February 6, 2024. The news release will be issued before the call, and the conference call will be broadcast live on the Aramark Investor Relations website. Participants can register for dial-in access and will be provided with a personalized PIN. A replay of the call and related earnings materials will be available through the Archives section of the website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.7%
Tags
conferences earnings
Stock ARMK logo
Aramark

NYSE:ARMK

ARMK Rankings

#877 Ranked by Market Cap
#1924 Ranked by Stock Gains
#1754 Ranked by Dividends

ARMK Stock Data

8.19B
244.01M
0.69%
101.57%
2.23%
Food Service Contractors
Accommodation and Food Services
Link
US
Philadelphia

About ARMK

we deliver experiences that enrich and nourish people’s lives through innovative services in food, facilities management, and uniforms. united by a passion to serve, our more than 270,000 employees make a meaningful difference each day for millions of people in 19 countries around the world. we are recognized as one of the world’s most admired companies by fortune, rated number one among diversified outsourcing companies, as well as an employer of choice by the human rights campaign and diversityinc. our careers management – management professionals who have experience working in the hotel, restaurant or hospitality industry catering – management professionals with experience working in hotels and resorts hosting large catered events culinary – professionally trained executive chefs and sous chefs with experience in large scale operations