Aramark (ARMK)
| Market Cap | 7.37B |
| Revenue (ttm) | 18.85B |
| Net Income (ttm) | 674.11M |
| Shares Out | 262.29M |
| EPS (ttm) | 2.57 |
| PE Ratio | 10.93 |
| Forward PE | 18.35 |
| Dividend | $0.38 (1.35%) |
| Ex-Dividend Date | Nov 27, 2023 |
| Volume | 1,846,005 |
| Open | 27.97 |
| Previous Close | 28.00 |
| Day's Range | 27.79 - 28.17 |
| 52-Week Range | 23.55 - 33.01 |
| Beta | 1.59 |
| Analysts | Buy |
| Price Target | 36.04 (+28.26%) |
| Earnings Date | Feb 6, 2024 |
About ARMK
Aramark provides food and facilities services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through two segments, Food and Support Services United States, and Food and Support Services International. The company offers food-related managed services, including dining, catering, food service management, and convenience-oriented retail services; non-clinical food and food-related support services, such as patient food and nutrition, retail food, envir... [Read more]
Financial Performance
In 2023, Aramark's revenue was $18.85 billion, an increase of 15.48% compared to the previous year's $16.33 billion. Earnings were $674.11 million, an increase of 246.61%.
Financial StatementsAnalyst Forecast
According to 12 analysts, the average rating for ARMK stock is "Buy." The 12-month stock price forecast is $36.04, which is an increase of 28.26% from the latest price.
News
Mama Kelce's Cookies Will Be Sold at Chiefs' and Eagles' NFL Christmas Games to Benefit Operation Breakthrough and the Eagles Autism Foundation
PHILADELPHIA--(BUSINESS WIRE)---- $ARMK--Introducing: Mama Kelce's Cookies! Aramark Sports + Entertainment, the award-winning food and beverage partner at GEHA Field at Arrowhead Stadium (Kansas City ...
Aramark Announces Tom Ondrof Plans to Retire as Chief Financial Officer; Jim Tarangelo, SVP Finance & Treasurer, Appointed Successor
PHILADELPHIA--(BUSINESS WIRE)--Aramark (NYSE: ARMK) today announced that Tom Ondrof, Chief Financial Officer, plans to retire from his current position on January 12, 2024, at which time he will serve...
Aramark Receives Equality 100 Award from the Human Rights Campaign Foundation
PHILADELPHIA--(BUSINESS WIRE)---- $ARMK #AramarkBeWellDoWell--Aramark (NYSE: ARMK), a global leader in hospitality and facilities services, proudly announced it received a score of 100 on the Human Ri...
Aramark Student Nutrition's “The ACE Show” Promotes Healthy Habits for Students
PHILADELPHIA--(BUSINESS WIRE)---- $ARMK #K12--Aramark Student Nutrition, a leader in providing food services to educational institutions, is excited to announce the launch of The ACE Show, a dynamic a...
Aramark tops revenue expectations as profit matches, and stock slips
Shares of Aramark ARMK, slipped 0.1% in premarket trading Tuesday, after the food and facilities company matched fiscal fourth-quarter profit expectations but beat revenue forecasts. Net income for th...
Aramark Reports Fourth Quarter and Full Year Fiscal 2023 Results
PHILADELPHIA--(BUSINESS WIRE)--Aramark (NYSE: ARMK) today reported fourth quarter and full year fiscal 2023 results. "This year represented a significant step forward in achieving our strategic and fi...
Aramark to Participate in Upcoming J.P. Morgan Investor Conference
PHILADELPHIA--(BUSINESS WIRE)--Aramark (NYSE:ARMK), a global leader in food and facilities management, announced that the Company's Chief Financial Officer, Tom Ondrof, will participate in the J.P. Mo...
Aramark Sports + Entertainment Launches ‘Aura'
PHILADELPHIA--(BUSINESS WIRE)---- $ARMK--Aramark Sports + Entertainment (Aramark, NYSE: ARMK), the award-winning food and beverage partner at premier stadiums, arenas, convention centers, cultural att...
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)---- $ARMK--Aramark Collegiate Hospitality (ACH) has launched a performance-based dining platform designed to help student athletes excel on and off the field. Created wit...
Aramark to Host Conference Call on Fourth Quarter and Full-Year Fiscal 2023 Results
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 2...
Sasha Day Named President and CEO of Aramark Destinations: Bruce Fears Retires After 40 Years of Service & Stewardship
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 & Facilit...
Aramark investors should root for an Astros-Phillies World Series rematch, or a Blue Jays surprise, analyst says
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 ...
Vestis Completes Spin-Off from Aramark
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 trad...
Aramark Completes Spin-Off of Vestis™
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....
Veralto Set to Join S&P 500; Vestis to Join S&P MidCap 400; Others to Join S&P SmallCap 600
NEW YORK, Sept. 28, 2023 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, the S&P MidCap 400 and the S&P SmallCap 600 indices
Aramark to Participate in Upcoming Citi Investor Conference
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 O...
Aramark spinoff Vestis' stock to begin trading on the NYSE in October
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, facil...
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 its Board of Directors approved the previously announced tax-fre...
Aramark Announces Vestis™ as the New Name for the Spin-Off of its Uniforms and Workplace Supplies Business
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 throug...
Aramark Sports + Entertainment Launches Dozens of New Branded Concepts for 2023 College Football Kick-Off
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),...
Aramark Uniform Services Announces Appointment of Chris Synek as Chief Operating Officer
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 Ara...
The Aramark upgrade is driven by the pricing power of food sales, says UBS's Josh Chan
UBS Analyst Joshua Chan joins 'The Exchange' to discuss its Aramark Holding's upgrade, Aramark's roll as a dining service provider for colleges and healthcare and why Aramark is poised to benefit from...
Aramark Chefs Earn Prestigious ProChef® Certification From the Culinary Institute of America
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 p...
Aramark Announces Filing of Form 10 Registration Statement in Connection with Planned Spin-Off of Aramark Uniform Services
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 prev...