ARMK Stock Recent News

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.

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 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.

Now looks like a good time to consider undervalued mid-cap stocks. According to Franklin Templeton, the grouping of companies with market capitalizations between $2 billion to $10 billion is due for further improvement.

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 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.

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 disinflation.

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.

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.

Aramark (ARMK) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.25 per share a year ago.