ARMK Stock Recent News

PHILADELPHIA--(BUSINESS WIRE)--Aramark (NYSE: ARMK), a global leader in food and facilities management, announced today that the Company successfully closed on a debt refinancing, raising approximately $1,395 million as an add-on to its existing Term Loan B, with a maturity date in 2030. The refinancing was significantly oversubscribed, which led to upsizing the Term Loan B. The proceeds were used to fully repay $552 million of 2025 U.S. Senior Notes, as well as to refinance $839 million of 202.

PHILADELPHIA--(BUSINESS WIRE)---- $ARMK--Nebraska Athletics and Aramark Sports + Entertainment (Aramark, NYSE: ARMK) today announced a new multi-year partnership to manage all gameday food and beverage services, including concessions and premium spaces, at the University of Nebraska's Memorial Stadium, Bob Devaney Sports Center, and other University-operated athletic venues beginning this year. Aramark, the award-winning food and beverage provider at more than 60 premier stadiums, arenas, and sports faci.

I downgraded ARMK from buy to hold due to 1Q25 performance and risks of missing FY25 guidance. Weak US organic growth and onboarding delays in Education and Healthcare segments pose significant risks to achieving FY25 targets. Strong international growth is promising but may not offset US weaknesses and potential FX headwinds.

Aramark (NYSE:ARMK ) Q1 2025 Earnings Conference Call February 4, 2025 8:30 AM ET Company Participants Felise Kissell – Senior Vice President-Investor Relations and Corporate Development John Zillmer – Chief Executive Officer Jim Tarangelo – Chief Financial Officer Conference Call Participants Ian Zaffino – Oppenheimer Lizzie Dove – Goldman Sachs Andrew Steinerman – JPMorgan Toni Kaplan – Morgan Stanley Shlomo Rosenbaum – Stifel Neil Tyler – Redburn Atlantic Jasper Bibb – Truist Securities Josh Chan – UBS Harold Antor – Jefferies Jaafar Mestari – BNP Paribas Exane Operator Good morning, and welcome to Aramark's First Quarter Fiscal 2025 Earnings Results Conference Call. My name is Tanya, and I will be your operator for today's call.

Although the revenue and EPS for Aramark (ARMK) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Aramark (ARMK) came out with quarterly earnings of $0.51 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.41 per share a year ago.

PHILADELPHIA--(BUSINESS WIRE)--Aramark (NYSE: ARMK) today reported first quarter fiscal 2025 results. "We are off to a great start in fiscal ‘25 as we remain committed to our strategic priorities: driving strong profitable top-line growth from base business and net new business; accelerating AOI growth from increased volume, supply chain efficiencies, and cost discipline; and leveraging our capital structure capabilities—most recently with our oversubscribed debt refinancing and repurchasing Ar.

On day one as the 47th President of the United States, Donald Trump signed an executive order mandating all federal employees to return to the office for work “as soon as practicable.” Administration officials released more directives aimed at ending remote work.

Aramark (ARMK) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

PHILADELPHIA--(BUSINESS WIRE)--Aramark's (NYSE: ARMK) Board of Directors approved a quarterly dividend of 10.5 cents per share of common stock payable on February 24, 2025 to stockholders of record at the close of business on February 10, 2025. About Aramark Aramark (NYSE: ARMK) proudly serves the world's leading educational institutions, Fortune 500 companies, world champion sports teams, prominent healthcare providers, iconic destinations and cultural attractions, and numerous municipalities.