Aramark US Stock Price, News & Analysis

The Cleveland Browns, Aramark Sports + Entertainment, and Wicket are expanding their Express Access concessions at Huntington Bank Field for the 2024 NFL season. This large-scale deployment of frictionless technology builds on the success of the award-winning Express Beer concept. The new system offers building-wide coverage, allowing fans to use grab-and-go concessions throughout the stadium.

Key features include facial authentication for payment and age verification, reduced wait times, and increased efficiency. During the Sept. 8 game, 11% of all transactions at active Express Access locations used this system, with 24% during peak periods at Fast Favorites locations. The technology has shown a 30% repeat usage rate and seamless integration with facial recognition ticketing.

Aramark (NYSE: ARMK), a global provider of food and facilities services, has received multiple awards for its commitment to environmental sustainability, diversity, equity, and inclusion (DEI), and community building. The company's efforts are part of its Be Well. Do Well. platform, which focuses on people and the planet.

Notable recognitions include:

• Fenimore Fisher, VP of DEI, named among Top 15 Champions of Diversity
• Inclusion in DiversityComm's 2024 Best of the Best Top Supplier Diversity Programs for MBEs and WBEs
• Alan B. Horowitz, VP of Sustainability, nominated for CSO Awards North America
• Named one of the 2024 Civic 50 most community-minded companies
• Listed among Fair360 Top 50 Companies for workplace fairness
• Recognized as a Best Place to Work for Disability Inclusion
• Awarded for sustainability initiatives in Canada and the U.S.
• Named one of America's Most Admired Workplaces 2025 by Newsweek

Aramark Sports + Entertainment is celebrating the NFL's 2024 International Games with a globally inspired culinary initiative called International Taste Games. This program will bring diverse flavors to eight NFL venues across the U.S., coinciding with the league's five international games in three countries.

Highlights include:

• Brazilian-inspired dishes at Lincoln Financial Field, home of the Philadelphia Eagles
• British-themed offerings at U.S. Bank Stadium, home of the Minnesota Vikings
• Irish specialties at Acrisure Stadium and Huntington Bank Field
• German-inspired fare at GEHA Field at Arrowhead Stadium and Paycor Stadium
• Asian-influenced items at NRG Stadium

Additionally, Aramark is introducing new culinary delights at general concessions stands, featuring unique sandwiches, international fusion dishes, and local specialties across various NFL stadiums.

Aramark Sports + Entertainment (NYSE: ARMK) is expanding its NCAA portfolio and implementing major renovations ahead of the 2024 college football season. The company has added Georgia Southern University and Washington State University as new clients, expanded services at East Carolina University, and conducted significant renovations at Louisiana State University, the University of North Carolina, and the University of Tennessee.

Aramark is focusing on enhancing fan engagement and operational excellence across its 21 NCAA sports venues. Key improvements include:

• Launching new premium hospitality brands at East Carolina and Washington State
• Introducing Walk Thru Bru express markets at Georgia Southern and University of Georgia
• Implementing VisioLab self-checkout technology at Georgia Southern
• Reimagining food concepts at the University of Virginia, University of North Carolina, and NC State

These enhancements aim to improve speed of service, increase local food variety, and create memorable experiences for college sports fans.

Aramark (NYSE: ARMK), a global leader in food and facilities management, has announced its participation in the upcoming Goldman Sachs Conference on September 5, 2024. The company will be represented by Carl Mittleman, Chief Operating Officer, International, and James Tarangelo, Chief Financial Officer.

The event will feature a Fireside Chat session beginning at 8:55 a.m. ET. Investors and interested parties can access a live audio webcast and replay of the session through the Investor Relations section of Aramark's website at www.aramark.com.

This participation provides an opportunity for Aramark to engage with investors and share insights about its operations and financial performance.

Aramark (NYSE: ARMK) is adapting its Collegiate Hospitality services for fall 2024 to meet students' desire for both technological efficiency and nostalgia-driven experiences. The company is blending high-tech solutions with wellness-focused programs and in-person interactions. Key initiatives include:

1. A new allergen-friendly pantry concept called 'stress less zone™'
2. 'Dining Rewards' loyalty program for students, faculty, and staff
3. Expansion of low-carbon and plant-forward meal options
4. Introduction of 'SAM', an AI-powered chatbot for campus dining information
5. Implementation of self-checkout and autonomous convenience stores

Aramark is also focusing on providing students with career development opportunities in hospitality through internships, externships, and management programs.

Aramark (NYSE: ARMK) reported strong Q3 fiscal 2024 results, with revenue up 8% year-over-year to $4.4 billion and organic revenue growth of 11%. The company achieved record revenue in FSS U.S. and FSS International segments. Operating Income increased 22% to $162 million, while Adjusted Operating Income grew 21% to $193 million. GAAP EPS decreased 80% to $0.22, but Adjusted EPS rose 51% to $0.31.

Key highlights include:

• Strong base business volume, pricing, and net new business growth
• Increased profitability from revenue growth, cost discipline, and supply chain efficiencies
• Extended and upsized Revolving Credit Facility, improving financial flexibility
• Raised Full-Year Fiscal 2024 Outlook due to strong performance

Aramark (NYSE: ARMK) has announced a quarterly dividend of 9.5 cents per share of common stock. The dividend will be payable on September 3, 2024, to stockholders of record at the close of business on August 19, 2024. This decision was approved by Aramark's Board of Directors, demonstrating the company's commitment to returning value to its shareholders. The announcement provides clarity on the upcoming dividend payment and relevant dates for investors to be aware of.

Aramark (NYSE: ARMK) Student Nutrition is gearing up for the new school year with innovative culinary offerings based on extensive student and caregiver feedback. The company conducted thousands of surveys to shape its dining experience, focusing on taste, freshness, and appearance of food as priorities.

Key initiatives include:

• New from-scratch recipes using fresh and local ingredients
• Monthly -time offers
• Community involvement through Guest Chef programs
• Diverse culinary menus celebrating various heritage months
• Culinary Camp program to enhance staff skills
• Connect365 wellness communication hub for partner school districts

Aramark aims to power student potential through outstanding hospitality and culinary innovation across all school districts it serves. The company's commitment to community engagement and diverse offerings reflects its dedication to creating a unique dining experience tailored to each locale.