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.
Alison Birdwell, President and CEO of Aramark Sports and Entertainment, has been honored in Sports Business Journal’s 2021 Class of 'Game Changers: Women in Sports Business.' This recognition celebrates women making significant contributions in sports business, with Birdwell being one of 440 awardees since its inception. Under her leadership, Aramark operates over 150 top-tier food, beverage, and facility services across North America. She will be featured in SBJ on September 27 and recognized at an awards ceremony in New York City on October 20.
Aramark (ARMK) reported Q3 fiscal 2021 results with a revenue of $3.0 billion, a 39% increase year-over-year. Organic revenue grew 34%, reaching 73% of pre-COVID levels, supported by a strong recovery in Leisure and Sports & Entertainment sectors. The operating income surged to $74 million compared to a loss of $328 million in Q3 2020. The company also declared a quarterly dividend of $0.11 per share. Strong cash management and strategic capital allocation enhanced its financial flexibility, with a cash availability of $1.9 billion at quarter-end.
Aramark (NYSE: ARMK) has entered a multi-year partnership with Arizona Athletics, becoming the concessions operator starting the 2021-22 academic year. This collaboration aims to enhance the fan experience at all UArizona sports venues by prioritizing food and beverage quality while expanding cashless payment options. With a focus on efficiency and safety, the partnership will improve service through expedited access to concessions and new menu items, ultimately enriching the overall atmosphere for attendees.
Aramark (NYSE: ARMK) will host a conference call on August 10, 2021, at 8:30 a.m. ET to discuss its third quarter 2021 earnings. A press release with the results will be issued before the call. Investors can access the call via Aramark's Investor Relations webpage. For those without internet access, the dial-in numbers are 833-726-8488 for domestic callers and 830-213-7680 for international callers, with Conference ID 8951377. Aramark provides food and facilities management services across 19 countries, serving major clients in various sectors.
Aramark (NYSE: ARMK) was honored with the American Heart Association's Award of Meritorious Achievement at the National Volunteer Awards for its Healthy for Life initiative, which aims to improve nutrition and lifestyle through various programs. Since 2015, this partnership has delivered notable results, including a 20% reduction in average calories, saturated fat, and sodium in menu items. Aramark also engages millions through health education, utilizing resources in over 800 community organizations and providing wellness programs for employees, reinforcing its commitment to health and nutrition.
Aramark (NYSE: ARMK) has established an exclusive partnership with Talon, introducing Adjustec waistband technology in its Authentic™ collection of shorts and pants. This innovative technology enhances comfort by ensuring better fit accuracy and fewer sizing changes in uniform rental garments across diverse industrial settings. The partnership signifies the first instance where this technology is used outside retail, aiming to improve daily work life for clients. Aramark serves over 400,000 customers in the U.S., providing comprehensive uniform services, which will benefit from this enhancement.
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