Aramark US Stock Price, News & Analysis

Aramark (NYSE: ARMK) reported Q1 fiscal 2021 results with consolidated revenue of $2.7 billion, down 35% year-over-year due to COVID-19 impacts. Organic revenue also declined by 36%. The company managed to stabilize revenue and improve cash flow, showing resilience through effective cost discipline. Net cash used in operations was $115 million, while free cash flow usage improved by $225 million compared to last year. A quarterly dividend of 11 cents per share was declared, and Aramark remains focused on growth strategies.

Aramark (NYSE: ARMK) is preparing for the upcoming Super Bowl by sharing game day recipes and tips. Partnering with the Kansas City Chiefs and other NFL teams, Aramark provides food and beverage services to enhance fan experiences. Chef Erin Wishon emphasizes the importance of local flavors, featuring recipes like the Arrowhead BBQ Stak and Short Rib Melt. Fans are encouraged to try these recipes while preparing for at-home watch parties on February 7. Aramark prioritizes safety and offers guidelines for food preparation and storage.

Aramark’s Board of Directors has declared a quarterly dividend of 11 cents per share for common stock, payable on March 3, 2021, to stockholders of record as of the close of business on February 17, 2021. This dividend reflects Aramark's commitment to returning value to its shareholders. The company operates in 19 countries and employs 280,000 team members, serving educational institutions, Fortune 500 companies, and healthcare providers.

Aramark (NYSE: ARMK) has committed to reducing greenhouse gas emissions by 15% by the end of 2025, based on its 2019 levels, as part of its Be Well. Do Well. sustainability plan. This initiative aims to lower its carbon footprint through enhanced sourcing, minimizing food waste, and reducing packaging. The commitment was revealed alongside the 2020 Be Well. Do Well. Impact Report, highlighting ongoing efforts towards sustainability and equity, despite the challenges posed by the COVID-19 pandemic.

The Park Institute of America announced partnerships with Aramark (NYSE: ARMK) and Wild Tribute to support national parks and public lands. Aramark will offer Wild Tribute’s custom-designed “4 the Parks” t-shirts, donating 4% of sales to the Park Institute. This initiative aligns with Aramark's commitment to environmental stewardship, which includes programs like restoring trails and planting trees. Leaders from both organizations emphasized the importance of promoting public awareness about national parks and preserving America's natural beauty.

Aramark (NYSE: ARMK) will host a conference call on February 9, 2021, at 8:30 a.m. ET to discuss its first quarter earnings results. Prior to the call, a news release with the detailed financial results will be published. The conference call can be accessed via the Investor Relations section on Aramark's website, with options available for both domestic and international callers. The confirmation number for the call is 4190708. Aramark serves various sectors, including education, healthcare, and cultural institutions across 19 countries, focusing on sustainability and community engagement.

Aramark (NYSE: ARMK) announced that Bridgette Heller has been nominated for election to the Board of Directors at the upcoming annual shareholders' meeting on February 2, 2021. Heller brings 35 years of experience in food, health, wellness, and consumer care, having previously led divisions at Danone, Merck, and Johnson & Johnson. Her addition is expected to enhance Aramark's growth strategy as expressed by Chairman Steve Sadove. Following her election, the Board will consist of twelve members. Heller also serves on boards for Novartis and DexCom.