Aramark US Stock Price, News & Analysis

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.

Walk-On's has partnered with Aramark to launch a new restaurant at Purdue's West Lafayette campus, marking its first non-traditional site. Construction of the 4,800-square-foot dining area, featuring popular Louisiana-inspired dishes, is set to complete in January 2022. This initiative aligns with Walk-On's growth strategy, supported by a recent investment from 10 Point Capital and plans for over 150 new locations across the U.S. The collaboration aims to enhance the dining experience for students and the community while leveraging Purdue's Dining Dollars.

Florida State University has entered into a new dining services agreement with Aramark, which will manage over 30 campus eateries generating approximately $31 million annually. Starting January 2021, the agreement enhances the dining experience without increasing meal plan prices during the Spring 2021 semester. It will provide internships, scholarships, and career opportunities for students. Aramark aims to deliver innovative programming and high-quality service while encouraging existing staff to apply for positions with them, as they plan to hire most current employees.

Aramark (NYSE:ARMK) announced that CFO Tom Ondrof will participate in the Credit Suisse 8th Annual Virtual Industrials Conference on December 3rd, 2020. The Fireside Chat session is scheduled to begin at 8:10 a.m. ET. Interested parties can access a live audio webcast and replay through Aramark's Investor Relations section on their website.

Aramark provides food, facilities management, and uniforms services globally, serving various sectors, including education, healthcare, and sports. The company is recognized for its commitment to social responsibility and workplace diversity.

Aramark reported Q4 fiscal 2020 results with $2.7 billion in revenue, down 32% year-over-year due to COVID-19. Organic revenue declined 36%. The company faced a net loss of $149 million and an operating loss of $94 million. Cash availability stood at $2.6 billion. Despite challenges, Aramark's flexible operating model and cost-reduction strategies helped manage expenses. A quarterly dividend of 11 cents per share was declared, payable in December 2020. For fiscal 2021, the company projects organic revenue growth and improved Adjusted Operating Income.