Welcome to our dedicated page for Aramark US news (Ticker: ARMK), a resource for investors and traders seeking the latest updates and insights on Aramark US stock.
Aramark (ARMK) provides essential food, facilities, and uniform services to institutions worldwide. This news hub offers investors and stakeholders centralized access to official updates shaping the company's trajectory.
Track critical developments through verified press releases and financial reports, including earnings announcements, leadership changes, contract awards, and sustainability initiatives. Our curated collection ensures you never miss strategic partnerships, operational expansions, or regulatory filings that impact Aramark's diversified service segments.
Discover updates across three core areas: foodservice innovations in education and healthcare sectors, facilities management contracts for major venues, and uniform services expansions in commercial markets. Each update is sourced directly from company communications to maintain accuracy and timeliness.
Bookmark this page for efficient monitoring of Aramark's operational milestones and financial performance. Combine these primary sources with broader market analysis to inform your understanding of this integrated services leader.
Aramark (ARMK) reported a strong second quarter for fiscal 2022, with revenue of $3.9 billion, representing a 37% year-over-year increase. Organic revenue also rose 35%, with all segments showing double-digit growth. Operating income surged to $142 million, up $137 million from the prior year, while adjusted EPS improved from a loss of $0.30 to a profit of $0.14. A robust sales pipeline and record new client wins position the company for another year of record-breaking Net New Business.
Aramark's Board of Directors has declared a quarterly dividend of 11 cents per share, with a payment date set for June 1, 2022. Stockholders on record as of May 18, 2022 will be eligible for this dividend. Aramark is a global leader in food and uniform services, recognized for its commitment to diversity and service excellence, ranking highly in various industry lists.
Aramark (NYSE:ARMK) will host a conference call to discuss its Q2 fiscal 2022 results on May 10, 2022 at 8:30 a.m. ET. A news release will precede the call, with details available in the Investor Relations section of the Aramark website. Domestic and international callers can join using the numbers 833-726-8488 and 830-213-7680, respectively, using conference ID 8677346. Aramark is recognized for its services across 19 countries and has received numerous awards for diversity and inclusion.
As the 2022 MLB season begins, Aramark (NYSE: ARMK) unveils a new brand identity for its Sports + Entertainment division and launches the Mark Your Moment campaign. The campaign aims to enhance fan experiences across nine MLB stadiums by introducing innovative culinary offerings and tech advancements. Notable food items include PBJ Burgers and Fluffer Nutter Fries. Additionally, new technology such as AI self-checkout and mobile ordering will streamline service. This initiative reflects Aramark's commitment to delivering premium guest experiences in North America.
Aramark (NYSE: ARMK) partners with Chef Grace Ramirez to introduce La Latina Cocina, an authentic Latin culinary experience at seven higher education dining locations. Launching at the end of Women’s History Month, this initiative aims to cater to the 67% of Gen Z who prefer authentic cultural cuisine. The menu features dishes inspired by Ramirez’s cookbook and includes offerings like El Choripan Platter and Mojo Pulled Pork Taco Platter, enhancing student dining options while emphasizing cultural appreciation.
Aramark (NYSE: ARMK), a leading U.S.-based food service company, has announced the graduation of 12 chefs from the ProChef® certification program at The Culinary Institute of America. These chefs are responsible for Aramark’s culinary programs and menu creation in educational institutions across the country. Since 2008, over 275 Aramark chefs have achieved ProChef certification, enhancing the company's culinary talent and service quality. The ProChef program serves as a benchmark in culinary skill, offering three levels of certification, with ProChef III being the highest.
The Pittsburgh Penguins, in partnership with Aramark (NYSE: ARMK) and Cargill, are introducing a cutting-edge food pickup system at PPG Paints Arena. Launching in late February 2022, the innovative locker system allows fans to order food directly from their seats and conveniently pick it up from 24 temperature-controlled lockers. This self-service concept supports evolving consumer preferences for faster, on-demand experiences. The system integrates the Penguins Mobile App for seamless ordering and retrieval, enhancing the overall fan experience at the arena.
Aramark (NYSE: ARMK) has honored exceptional Black and African American employees with the 2022 LEAD Awards, part of its commitment to diversity and inclusion. The awards were presented at the second annual LEAD Summit, emphasizing leadership and community service. Notable recipients include Karen Mitchal for the Founder’s Award and Shannon Nichols for the Chair Award. Approximately 30% of Aramark’s U.S. workforce identifies as Black, with ongoing efforts to strengthen recruitment at Historically Black Colleges and Universities (HBCUs).
Aramark (NYSE: ARMK) reported a robust 44% revenue increase for Q1 fiscal 2022, reflecting organic revenue growth of 41% and nearing pre-COVID levels. Operating income surged by $161 million to reach $140 million, with an adjusted operating income of $167 million, marking notable profitability improvements. EPS rose to $0.17 from a loss of $0.32 year-over-year. The company emphasizes effective cost management and strong client retention strategies while navigating inflationary pressures. Also, two strategic partnerships aim to enhance service offerings.
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