Aramark

Aramark engages in the provision of food, facilities, and uniform services. It operates through the following segments: Food and Support Services United States (FSS United States), Food and Support Services International (FSS International), and Uniform and Career Apparel (Uniform). The FSS United States segment offers food, hospitality and facility services for school districts, colleges and universities, healthcare facilities, businesses, sports, entertainment and recreational venues, conference and convention centers, national and state parks, and correctional institutions. The FSS International segment covers food, refreshment, specialized dietary and support services, including facility maintenance and housekeeping, provided to business, educational and healthcare institutions and in sports, leisure, and other facilities serving the general public. The Uniform segment consists of the rental, sale, cleaning, maintenance, and delivery of personalized uniforms and other textile items on a contract basis, and direct marketing of personalized uniforms and accessories to clients. The company was founded in 1959 and is headquartered in Philadelphia, PA.

Earnings data Q2 2021

Earnings data Q3 2021

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Earnings data Q4 2022

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Aramark reports strong Q1 earnings, focuses on growth opportunities

Aramark's Q1 2023 earnings call highlighted robust financial performance, strategic initiatives to drive growth, and a commitment to sustainability. Despite challenges such as cost increases and divestitures, the company remains focused on leveraging opportunities in outsourcing, Uniform business growth, and pricing strategies to navigate market dynamics.

Aramark reports strong Q2 performance, eyes growth amid inflation challenges

Aramark's Q2 performance reflects a resilient business model with a focus on strategic priorities and balance sheet strength. Despite challenges from inflation, the company remains confident in its ability to respond and sustain pricing success across all segments. Opportunities for growth lie in continued business simplification and leveraging strong net new business wins.

Aramark reports robust Q3 growth, eyes international expansion opportunities

Aramark's Q3 performance reflects strong growth and strategic initiatives to drive future profitability. Despite challenges related to inflation and margin normalization, the company is well-positioned to capitalize on opportunities in international markets and new business wins. Continued focus on pricing strategies and market share growth bode well for Aramark's future success.

Aramark posts impressive Q4 results, focuses on growth and margin expansion

Aramark's Q4 2023 earnings call showcased strong financial performance, strategic wins in new business contracts, and a commitment to ESG and DEI initiatives. While facing challenges related to inflation and one-off costs impacting AOI conversion rates, the company is focused on driving margin expansion through growth and supply chain optimization. With a positive outlook for continued margin improvement and international growth, Aramark remains poised for future success.

Aramark reports record Q1 earnings, eyes sustainable growth strategies

Aramark's Q1 earnings call showcased impressive financial performance, strong leadership, and a commitment to sustainable growth. With a solid outlook for fiscal '24 and a focus on operational excellence, the company is well-positioned for continued success and growth.

Aramark achieves record revenue and profit, eyes sustained growth

Aramark's Q2 2024 performance reflects robust revenue growth and operational strength across segments.
The company's focus on efficiency, scale, and customer service positions it well for sustained growth.
While challenges like pricing maintenance and margin improvement exist, Aramark's strategic initiatives offer promising opportunities for expansion.

Aramark posts strong Q3 earnings, eyes growth amid inflation challenges

Aramark's Q3 performance reflects robust revenue growth and strategic initiatives to enhance capabilities and market presence.
While facing challenges like global inflation and divestitures, the company is well-positioned to leverage opportunities for expansion and innovation.
Overall, Aramark's focus on growth, operational efficiency, and social responsibility underpins a positive outlook for future performance.

Aramark reports record-breaking Q4 performance and outlines growth opportunities

Aramark's Q4 2024 performance reflects strong revenue growth, operational efficiency, and strategic wins in new business.
While facing challenges in retention and financial leverage, the company is well-positioned to capitalize on growth opportunities in fiscal '25.
With a focus on enhancing guest experience, driving operational efficiency, and maximizing shareholder value, Aramark remains poised for continued success.
The company's financial outlook for fiscal '25 indicates a positive trajectory with opportunities for sustained growth and profitability.

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Aramark engages in the provision of food, facilities, and uniform services. It offers food services, facilities management, uniform services, refreshments, hospitality management, and supply chain services. It operates through the Food and Support Services United States (FSS United States), and Food and Support Services International (FSS International) segments. The FSS United States segment refers to food, refreshment, specialized dietary, and support services, including facility maintenance and housekeeping, provided to business, educational, and healthcare institutions and in sports, leisure, and other facilities within the United States. The FSS International segment food, refreshment, specialized dietary and support services, including facility maintenance and housekeeping, provided to business, educational, and healthcare institutions and in sports, leisure, and other facilities outside of the United States with the largest operations within Canada, Chile, China, Germany, Spain, and the United Kingdom. The company was founded in 1959 and is headquartered in Philadelphia, PA.

PHILADELPHIA--(BUSINESS WIRE)---- $ARMK--Aramark Sports + Entertainment (Aramark, NYSE: ARMK), the award-winning food and beverage partner at premier stadiums, arenas, convention centers, cultural attractions, and unique entertainment destinations across North America, today announced the launch of Aura, an elevated approach to premium service that will deliver an unmatched hospitality experience paired with exceptional culinary talent. “Aura is a first-of-its-kind approach to premium hospitality program.

Aramark Sports + Entertainment Launches ‘Aura'

PHILADELPHIA--(BUSINESS WIRE)---- $ARMK--Aramark Collegiate Hospitality (ACH) has launched a performance-based dining platform designed to help student athletes excel on and off the field. Created with Division II and III athletes in mind, Eat to Excel™ provides an educational, menu and nutrition tracking solution on campuses that do not have dedicated training tables for student athletes. Created by Aramark Collegiate Hospitality's registered dietitians and culinarians, the Eat to Excel™ program feature.

Fueling Student Athletes for Peak Performance Takes Precise Nutrition: Aramark Collegiate Hospitality Launches Eat to Excel™ Dining Platform Designed Specifically for Athletes

PHILADELPHIA--(BUSINESS WIRE)--Aramark (NYSE:ARMK), a global leader in food and facilities management, announced that it will host a conference call to review its fourth quarter and full-year fiscal 2023 results on Tuesday, November 14, 2023 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. Those parties interested in participation via dial-in may register here. Once regist.

Aramark to Host Conference Call on Fourth Quarter and Full-Year Fiscal 2023 Results

PHILADELPHIA--(BUSINESS WIRE)---- $ARMK--Sasha Day has been named President and CEO of ARAMARK Destinations, effective immediately, it was announced today by Marc Bruno, Aramark COO, US Food & Facilities. In her new role, Day will lead Aramark's operations in National Parks, cultural landmarks, hotels, and conference centers across the country. Bruce Fears, who first joined Aramark in 1974, and most recently served as President and CEO of Aramark Destinations, has announced his retirement, effective.

Sasha Day Named President and CEO of Aramark Destinations: Bruce Fears Retires After 40 Years of Service & Stewardship

Vestis Corp

Aramark has completed the spinoff of its uniform and workplace business supplies segment now called Vestis. Vestis is a $2.7 billion business with a focus on uniforms and workwear, aiming for 5-7% growth in the next five years. The market response to the spinoff has been mixed, although shares of Vestis could see upside if margin achievements will be delivered upon.

Vestis: A Look At The Aramark Spinoff

If you're an investor in the shares of Aramark, which provides food and hospitality services for many professional sports teams, then you should be rooting for the Houston Astros and the Philadelphia Phillies to return to the World Series.

Aramark investors should root for an Astros-Phillies World Series rematch, or a Blue Jays surprise, analyst says

Aramark has completed the spinoff of its uniform business. Shareholders now own one share of Vestis, the new company, for every two shares of Aramark they owned on Friday.

Aramark Stock Appears to Be Down Big Today: Here's What's Really Going On

ATLANTA--(BUSINESS WIRE)--Vestis (NYSE: VSTS), a leading provider of uniforms and workplace supplies, has completed its previously announced, spin-off from Aramark (NYSE: ARMK). Vestis will begin trading today on the New York Stock Exchange under the ticker “VSTS,” effective at the market opening. “Today marks an exciting, new chapter for Vestis as a standalone, public company. Our outstanding management team has established a clear pathway to value creation and our ~20,000 amazing teammates ar.

Vestis Completes Spin-Off from Aramark

PHILADELPHIA--(BUSINESS WIRE)--Aramark (NYSE: ARMK), today announced that it has completed the spin-off of Vestis Corporation (“Vestis”), which holds Aramark's uniform and workplace supplies business. Vestis is now an independent public company. Aramark will continue to trade on the New York Stock Exchange (the “NYSE”) under the symbol “ARMK” and, effective today, Vestis will begin “regular-way” trading on the NYSE under the symbol “VSTS.” “This is an exciting day for Aramark. The successful sp.

Aramark Completes Spin-Off of Vestis™

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PHILADELPHIA--(BUSINESS WIRE)--Aramark (NYSE:ARMK), a global leader in food, facilities management and uniforms, announced that the Company's Chief Financial Officer, Tom Ondrof, and Chief Operating Officer, International, Carl Mittleman, will participate in Citi's 2023 Growth Conference in London on September 15, 2023, with a featured Fireside Chat session beginning at 11:20 a.m. BST / 6:20 a.m. EDT. A live webcast and replay of the fireside chat sessions will be available through the Investor.

Aramark to Participate in Upcoming Citi Investor Conference

Aramark ARMK said Wednesday that the spinoff of its uniforms and workplace supplies business, which will be named Vestis, has been approved and is expected to be completed on Sept. 30. the food, facilities management and uniforms company said holders of Aramark shares will receive on Vestis common stock for every two Aramark shares they own as of Sept.

Aramark spinoff Vestis' stock to begin trading on the NYSE in October

PHILADELPHIA--(BUSINESS WIRE)--Aramark (NYSE: ARMK), a global leader in food, facilities management, and uniforms, today announced that its Board of Directors approved the previously announced tax-free spin-off transaction of its uniforms and workplace supplies business, which will be named Vestis. The spin-off is expected to be completed on September 30, 2023, and will be effected through a pro rata distribution of the common stock of Vestis Corporation (“Vestis”). Holders of Aramark common st.

Aramark Board of Directors Approves Spin-Off of Vestis™

PHILADELPHIA--(BUSINESS WIRE)--Aramark (NYSE: ARMK), a global leader in food, facilities management, and uniforms, today announced that Vestis™ will be the name of the new company to be created through the expected spin-off of its uniform services business. This follows Aramark's previously announced plan to separate Aramark Uniform Services (AUS) to create an independent, publicly traded company. “Vestis” is the Latin word for garments and clothing and is the foundation of the words “to dress”.

Aramark Announces Vestis™ as the New Name for the Spin-Off of its Uniforms and Workplace Supplies Business

PHILADELPHIA--(BUSINESS WIRE)---- $ARMK--As the 2023 National Collegiate Athletic Association (NCAA) football season kicks off across the country, Aramark Sports + Entertainment (Aramark, NYSE: ARMK), the award-winning food and beverage partner at 14 collegiate football facilities, has much to unveil for sports fans, including a fresh new lineup of culinary concepts and innovative technology that will increase speed of service and elevate the gameday experience unlike ever before. “College football venue.

Aramark Sports + Entertainment Launches Dozens of New Branded Concepts for 2023 College Football Kick-Off

PHILADELPHIA--(BUSINESS WIRE)--Aramark (NYSE: ARMK), a global leader in food, facilities management and uniforms, today announced the appointment of Chris Synek as Chief Operating Officer (COO) of Aramark Uniform Services, effective September 11, 2023, to support the company in delivering its plan to accelerate profitable growth as it approaches the planned spin-off of the uniforms business, anticipated to occur at the end of September. In this newly created COO position, Synek will lead Sales,.

Aramark Uniform Services Announces Appointment of Chris Synek as Chief Operating Officer

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PHILADELPHIA--(BUSINESS WIRE)---- $ARMK--Aramark (NYSE: ARMK), the largest U.S.-based food service company, is pleased to announce 16 chefs have graduated from the prestigious ProChef® certification program at The Culinary Institute of America (CIA). The graduating chefs drive Aramark's culinary programs and create the menus served at colleges, universities, professional sports arenas, convention centers, and hospitals across the United States and in Canada. "Training and professional development are key.

Aramark Chefs Earn Prestigious ProChef® Certification From the Culinary Institute of America

PHILADELPHIA--(BUSINESS WIRE)--Aramark (NYSE: ARMK) today announced that a Form 10 registration statement was filed with the U.S. Securities and Exchange Commission (“SEC”) in connection with the previously announced spin-off of Aramark Uniform Services into a standalone publicly traded company. The Form 10 was filed by Epic NewCo, Inc., which will hold Aramark Uniform Services upon the completion of the spin-off. The Form 10 includes detailed information about Aramark Uniform Services, such as.

Aramark Announces Filing of Form 10 Registration Statement in Connection with Planned Spin-Off of Aramark Uniform Services

PHILADELPHIA--(BUSINESS WIRE)---- $ARMK #AramarkBeWellDoWell--Aramark (NYSE: ARMK), a global provider of hospitality, facilities, and uniform services in 19 countries, has been named one of the "Best Companies for Diversity, Equity & Inclusion (DEI)” by BLACK ENTERPRISE, the top Black digital media brand and premier business and financial resource for African Americans. This recognition highlights a select group of publicly traded corporations that have demonstrated an unwavering commitment to creating dynamic workforces.

Aramark Recognized as a “Best Company for Diversity, Equity & Inclusion” by Black Enterprise

PHILADELPHIA--(BUSINESS WIRE)--Aramark (NYSE: ARMK) today announced the pricing of the previously announced underwritten secondary offering (the “Offering”) of 21,262,245 shares of its common stock offered for sale by a selling stockholder that is a counterparty to a derivative sale agreement with an affiliate of Mantle Ridge LP at a public offering price of $39.75 per share. Aramark is not selling any shares of its common stock in the Offering and will not receive any proceeds from the Offerin.

Aramark Announces Pricing of Secondary Offering of Common Stock

PHILADELPHIA--(BUSINESS WIRE)--Aramark (NYSE: ARMK) today announced the commencement of an underwritten secondary offering (the “Offering”) of 21,262,245 shares of its common stock offered for sale by a selling stockholder that is a counterparty to a derivative sale agreement with an affiliate of Mantle Ridge LP. Aramark is not selling any shares of its common stock in the Offering and will not receive any proceeds from the Offering. J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC ar.

Aramark Announces Secondary Offering of Common Stock

Aramark (NYSE:ARMK ) Q3 2023 Earnings Conference Call August 8, 2023 8:30 AM ET Company Participants Felise Kissell - Vice President, Investor Relations & Corporate Development John Zillmer - Chief Executive Officer Tom Ondrof - Chief Financial Officer Conference Call Participants Harry Martin - Bernstein Andrew Steinerman - JPMorgan Heather Balsky - Bank of America Ian Zaffino - Oppenheimer Toni Kaplan - Morgan Stanley Shlomo Rosenbaum - Stifel Neil Tyler - Redburn Faiza Alwy - Deutsche Bank Leo Carrington - Citi Ashish Sabadra - RBC Capital Markets Josh Chan - UBS Ronan Kennedy - Barclays Harold Antor - Jefferies Operator Good morning, and welcome to Aramark's Third Quarter Fiscal 2023 Earnings Results Conference Call. My name is Kevin and I'll be your operator for today.

Aramark (ARMK) Q3 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Aramark (ARMK) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

News for Aramark Stock (ARMK)