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.
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.
Aramark (NYSE: ARMK), a leader in food and facilities management, announced that CEO John Zillmer and CFO Tom Ondrof will participate in the virtual J.P. Morgan Ultimate Services Investor Conference on November 19, 2020. The Fireside Chat session is set to begin at 9:10 a.m. ET. A live audio webcast and replay will be available on Aramark's Investor Relations website.
Aramark serves diverse sectors such as education, healthcare, and sports across 19 countries, focusing on innovative services and a commitment to sustainability and community engagement.
Aramark has announced a partnership with American Corporate Partners (ACP) to enhance military veteran recruitment, supporting returning veterans in their transition to civilian careers. The initiative aligns with Aramark’s commitment to hiring service members and employs thousands of veterans. ACP offers mentoring and networking opportunities for veterans. Additionally, Aramark's year-round recruitment initiatives include partnerships with Military.com and RecruitMilitary. This move emphasizes Aramark’s dedication to diversity and sustainability, as part of its broader 2025 sustainability strategy.
Aramark (NYSE: ARMK) announced that its Philadelphia headquarters received LEED Silver certification from the U.S. Green Building Council, highlighting its commitment to sustainability. The building features eco-friendly designs including water-saving fixtures that reduce consumption by 35%, Energy Star-certified appliances, and significant waste reduction during construction. This aligns with Aramark's goal to improve well-being and reduce greenhouse gas emissions by 2025. Previously awarded LEED Gold certification for new construction, this recognition emphasizes Aramark's leadership in sustainable workplace design.
Aramark (NYSE: ARMK) will host a conference call on November 17, 2020, at 8:30 a.m. ET to discuss its fourth quarter and full-year fiscal 2020 earnings. A news release detailing the financial results will be issued prior to the call. Interested parties can access the call through the Investor Relations section of the Aramark website or via phone for both domestic and international callers with the provided numbers. Aramark provides services in food, facilities management, and uniforms, impacting millions globally.
RealEats has successfully raised $2.8 million in a Seed Series funding round, led by Finger Lakes Forward Venture Capital Fund L.P.. The investment aims to enhance its meal delivery services that prioritize healthy, farm-to-table options with minimal food waste. The brand's innovative packaging allows meals to remain fresh for up to a week. New president Erik Battes, previously co-CEO of Good Uncle, joins the company as it expands its distribution across 28 states. The capital will support partnerships with local farms and boost job creation in upstate New York.
Greenwood & McKenzie announced the opening of Southern California's first autonomous store, QuickEats Close Convenience™, at their luxury apartment community Nineteen01 in Santa Ana. Powered by Aramark and AWM Frictionless™ technology, the store offers a frictionless shopping experience using a mobile app. Customers can shop without checkout lines, and the store features a range of fresh foods and household items. Initially launched for tenants, the store has received positive feedback and is now open to the public from 7:00 a.m. to 5:00 p.m., with plans for extended hours.
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