Aramark US Stock Price, News & Analysis

Aramark (NYSE: ARMK) reported strong first quarter fiscal 2025 results with revenue increasing 3% to $4.6 billion and organic revenue growing 5%. The company achieved its highest revenue for any quarter in Global FSS history, with foodservice revenue up 5% and organic foodservice revenue up 6%.

Operating income increased 30% to $217 million, while Adjusted Operating Income (AOI) grew 13% to $258 million, marking a record AOI for a first quarter. GAAP EPS rose 264% to $0.39, and Adjusted EPS increased 25% to $0.51.

The company expanded its global supply chain footprint through the acquisition of Quantum Cost Consultancy Group in Europe, adding $500 million in supply chain spend. Total global supply chain spend now exceeds $20.5 billion. Aramark also initiated a $500 million share repurchase program and announced plans to refinance $552 million of Senior Notes due April 2025.

Aramark (NYSE: ARMK) has announced that its Board of Directors has approved a quarterly dividend of $0.105 per share of common stock. The dividend will be paid on February 24, 2025, to stockholders who are recorded as shareholders at the close of business on February 10, 2025.

Aramark (NYSE:ARMK) has scheduled a conference call to discuss its first quarter fiscal 2025 financial results on Tuesday, February 4, 2025, at 8:30 a.m. ET. The company will release its earnings report before the conference call begins. Interested parties can access the call through the Aramark Investor Relations website or register for dial-in participation. After registration, participants will receive personalized PIN numbers for call access. A replay of the call and related earnings materials will be available in the Archives section of the website.

Aramark (NYSE: ARMK) announced that Avendra International has acquired Quantum Cost Consultancy Group, expanding its global procurement and supply chain services. Quantum manages nearly $500 million in customer spend across Spain, Portugal, Germany, Netherlands, Zanzibar, Mexico, Dominican Republic, and Jamaica.

The acquisition strengthens Aramark's position in global professional procurement services, particularly in the hospitality sector. Quantum's CEO Alex Casajuana will continue leading the business, ensuring operational continuity. The company manages various expense categories for hotels, including food and beverage, housekeeping, services, energy, telecommunications, maintenance, and insurance.

Aramark (NYSE: ARMK), a global leader in food and facilities management, has announced its participation in the upcoming Redburn Atlantic CEO Conference. CEO John Zillmer will engage in a Fireside Chat session scheduled for Tuesday, December 3, 2024, at 7:00 a.m. EST (12:00 p.m. GMT). The event will be accessible via live audio webcast through Aramark's Investor Relations website section, with a replay option available for those unable to attend the live session.

Aramark Sports & Entertainment has partnered with KZ Provisioning to expand athlete nutrition services nationwide. Founded by award-winning chefs Andrew Zimmern and Gavin Kaysen in 2017, KZ Provisioning specializes in delivering customized, performance-driven meals to professional athletes. The company currently serves the Minnesota Lynx, Minnesota Timberwolves, and Minnesota Wild. Through this partnership, KZ Provisioning will leverage Aramark's extensive network to provide their specialized culinary services to more professional and collegiate sports teams across the country. Their approach focuses on creating nutritious meals designed for performance, endurance, wellness, and recovery.

Aramark (NYSE: ARMK) has announced a new partnership with Asbury Communities to bring its SeniorLIFE+ dining services to five of Asbury's continuing care retirement communities. The collaboration aims to enhance resident experience through culinary, nutrition, hospitality, and consultancy services.

Joe Gorman, President and CEO of Aramark SeniorLIFE+, expressed enthusiasm for the partnership, highlighting their dedication to improving seniors' lives through tailored services. Doug Leidig, President and CEO of Asbury Communities, emphasized the importance of quality dining experiences in resident satisfaction and decision-making.

The partnership is set to begin in the new year, with plans to implement enhanced services across five continuing care retirement communities and provide consulting services at several locations in Delaware, Maryland, and Pennsylvania.

Aramark Healthcare+, a leader in healthcare services, has been honored with the #2 spot on Modern Healthcare's 2024 Best Places to Work in Healthcare list. The company also ranked #1 among suppliers in the Community Category, recognizing its commitment to extending care into local communities. This recognition highlights Aramark Healthcare+'s dedication to creating a positive work environment and increasing employee engagement, satisfaction, and retention.

Central to the company's success is its people-first culture, embodied in four cultural pillars: i-matter, i-belong, i-lead, and i-inspire. These pillars emphasize the importance of every individual, foster unity, encourage purposeful leadership, and empower employees. The company recently honored over 125 employees with its inaugural Monarch Honors Recognition Awards, underscoring the belief that every action contributes to long-term success.

Aramark (NYSE:ARMK), a global leader in food and facilities management, has announced it will host a conference call to review its fourth quarter and full year fiscal 2024 results on Monday, November 11, 2024 at 8:30 a.m. ET. A news release containing the results will be issued before the call. The conference call will be broadcast live on the Aramark Investor Relations website. Interested parties can register for dial-in participation, after which they will receive a personalized PIN to access the call. A replay of the call and related earnings materials will be available through the Archives section of the website.