Aramark provides food, facilities, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through three segments: Food and Support Services United States, Food and Support Services International, and Uniform and Career Apparel. The company offers managed services, including dining, catering, food service management, and convenience-oriented retail services; non-clinical support services, such as patient food and nutrition, retail food, and procurement services; and plant operations and maintenance, custodial/housekeeping, energy management, grounds keeping, and capital project management services. It also provides on-site restaurants, catering, convenience stores, and executive dining services; beverage and vending services; and facility management services comprising landscaping, transportation, payment, and other facility consulting services relating to building operations. In addition, the company offers concessions, banquet, and catering services; retail services and merchandise sale, recreational, and lodging services; and facility management services at sports, entertainment, and recreational facilities. Further, the company offers correctional food; and operates commissaries, laundry facilities, and property rooms. Additionally, it provides design, sourcing and manufacturing, delivery, cleaning, maintenance, and marketing services for uniforms and accessories; provides managed restroom services; and rents uniforms, work clothing, outerwear, particulate-free garments, and non-garment items and related services that include mats, shop towels, and first aid supplies. The company was formerly known as ARAMARK Holdings Corporation and changed its name to Aramark in May 2014. Aramark was founded in 1959 and is based in Philadelphia, Pennsylvania.
IPO Year: 2013
Exchange: NYSE
Website: aramark.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/24/2025 | $48.00 | Buy | Citigroup |
| 9/17/2024 | $36.00 → $42.50 | Sector Perform → Outperform | RBC Capital Mkts |
| 8/7/2024 | $36.00 → $39.00 | Hold → Buy | Deutsche Bank |
| 1/17/2024 | $33.00 | Buy | Goldman |
| 1/8/2024 | $33.00 | Buy | Truist |
| 10/9/2023 | $44.00 → $29.00 | Hold → Buy | Jefferies |
| 9/1/2023 | $45.00 → $47.00 | Neutral → Buy | Citigroup |
| 8/22/2023 | $43.00 | Neutral → Buy | UBS |
| 7/17/2023 | $49.00 | Mkt Perform → Outperform | Bernstein |
| 6/1/2023 | $42.00 | Neutral | UBS |
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Citigroup resumed coverage of Aramark with a rating of Buy and set a new price target of $48.00
RBC Capital Mkts upgraded Aramark from Sector Perform to Outperform and set a new price target of $42.50 from $36.00 previously
Deutsche Bank upgraded Aramark from Hold to Buy and set a new price target of $39.00 from $36.00 previously
Goldman initiated coverage of Aramark with a rating of Buy and set a new price target of $33.00
Truist initiated coverage of Aramark with a rating of Buy and set a new price target of $33.00
Jefferies upgraded Aramark from Hold to Buy and set a new price target of $29.00 from $44.00 previously
Citigroup upgraded Aramark from Neutral to Buy and set a new price target of $47.00 from $45.00 previously
UBS upgraded Aramark from Neutral to Buy and set a new price target of $43.00
Bernstein upgraded Aramark from Mkt Perform to Outperform and set a new price target of $49.00
UBS initiated coverage of Aramark with a rating of Neutral and set a new price target of $42.00
Aramark (NYSE:ARMK), a global leader in food and facilities management, announced that members of its executive management team are participating in the following upcoming investor conferences: Stifel Cross Sector Conference – On Tuesday, June 3, 2025, Autumn Bayles, Senior Vice President, Global Supply Chain & Group Purchasing Organizations, will host a series of meetings with investors. Baird Global Consumer, Technology & Services Conference – On Thursday, June 5, 2025, John Zillmer, Aramark's Chief Executive Officer, will participate in a fireside chat beginning at 11:25 a.m. ET and will host a series of meetings with investors. Oppenheimer Consumer Growth and E-Commerce Conferen
Exciting New Culinary Offerings Set to Enhance Race Day Experience, Featuring Local Flavors, Innovative Dishes, and Fan-Favorite Staples Photos available for download HERE. As the racing world gears up for the Indianapolis 500, Aramark Sports + Entertainment ((Aramark, NYSE:ARMK) and the iconic Indianapolis Motor Speedway (IMS) are introducing a robust slate of new menu items and offerings to further enhance the race day experience for guests visiting the track. Now, in their second year as partners, Aramark and IMS are collaborating to showcase a vibrant selection of new food offerings, featuring a variety of local vendors, ensuring every moment of race day is filled with unforgettable f
Student Feedback and Trend Insights Inform Concept Creation Aramark Collegiate Hospitality is launching MEDI, a new Mediterranean dining solution designed to bring the vibrant and healthy flavors of Mediterranean cuisine to campuses across the nation, it was announced today. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250512499413/en/Aramark Collegiate Hospitality is launching MEDI, a new Mediterranean dining solution designed to bring the vibrant and healthy flavors of Mediterranean cuisine to campuses across the nation. Aramark's proprietary 2024 DiningStyles Survey found that Mediterranean cuisine ranks among the top three
YEAR-OVER-YEAR SUMMARY Revenue +2%; Organic Revenue +3% Performance accelerated as quarter progressed; Strong new business wins and client retention over 98% Revenue growth would have increased another 3% if not for certain items1 Operating Income +9%; Adjusted Operating Income (AOI) +11%2 Leveraged expanded Global Supply Chain capabilities; Disciplined operational cost management Operating Income margin +30 bps; AOI margin +30 bps2 GAAP EPS +15% to $0.23; Adjusted EPS +22%2 to $0.34 Results reflected consistent operational execution throughout organization Advanced Capital Allocation Priorities to Enhance Financial Flexibility and Shareholder Returns Extended $
Aramark's (NYSE:ARMK) Board of Directors approved a quarterly dividend of 10.5 cents per share of common stock payable on May 28, 2025 to stockholders of record at the close of business on May 14, 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 in 16 countries around the world with food and facilities management. Because of our hospitality culture, our employees strive to do great things for each other, our partners, our communities, and the planet. Learn more at www.aramark.com an
Aramark (NYSE:ARMK), a global leader in food and facilities management, announced that it will host a conference call to review its second quarter fiscal 2025 results on Tuesday, May 6, 2025 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 registration is completed, participants will be provided with a number containing a personalized PIN to access the call. A replay of the call and related earnings materials will be available through the Archives section of the website. About Aramark Ara
Aramark Correctional Services is celebrating the 20th anniversary of its IN2WORK (I2W) program, a milestone in the journey of working with thousands of justice-impacted individuals, offering education and industry certifications for a path to success both during and post-incarceration. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250402392828/en/Aramark Correctional Services is celebrating the 20th anniversary of its IN2WORK (I2W) program, a milestone in the journey of working with thousands of justice-impacted individuals, offering education and industry certifications for a path to success both during and post-incarceration.
Prestigious Wall Street Award Recognizes Company Leadership and Investor Relations Teams Aramark, (NYSE:ARMK), was honored on March 20th for its selection in the large, aggregated industry (Business, Education, Professional Services) category to the All-American Executive Team rankings by Extel (formerly Institutional Investor). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250323525239/en/Aramark is proud to receive the Most Honored Company Award from Extel (formerly Institutional Investor). "We are honored and humbled to receive this recognition from the Wall Street community," said John Zillmer, Aramark CEO. "This award is a
2025 MLB Season Highlighted by Major Milestones including Aramark's 40th Partnership Anniversary with the Philadelphia Phillies and 30th Anniversary at Coors Field, home of the Colorado Rockies Aramark Unveils New Culinary Items, Keepsakes, and Activations Across Eight MLB Ballparks Aramark Sports + Entertainment ((Aramark, NYSE:ARMK) is ready for opening day of the 2025 Major League Baseball (MLB) season and today announced a refreshed menu of food and beverage options along with the rollout of exclusive souvenirs across eight MLB ballparks. With these new additions and its commitment to continued innovation, Aramark will continue to enhance the gameday experience for baseball fans acro
Aramark's Local Restaurant Row (LRR) program, dedicated to fostering partnerships with local food vendors and restauranteurs around the country, is celebrating five years of growth and success in contributing to the economic vitality of the neighborhoods and communities where Aramark serves. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250311250318/en/Aramark's Local Restaurant Row program, dedicated to fostering partnerships with local food vendors and restauranteurs around the country, is celebrating five years of growth and success in contributing to the economic vitality of the neighborhoods and communities where Aramark se
Aramark, (NYSE:ARMK), a leading global provider of food and facilities services, with operations spanning the education, healthcare, business and industry, sports, leisure, and corrections sectors, was recognized on DiversityComm, Inc.'s (DCI) annual list of the Best of the Best Top Supplier Diversity Programs for Women's Business Enterprises (WBEs). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240326337706/en/Aramark was recognized on DiversityComm, Inc.'s annual list of the Best of the Best Top Supplier Diversity Programs for Women's Business Enterprises. (Graphic: Business Wire) DiversityComm's Best of the Best lists recogn
Ondrof to serve as Strategic Advisor 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 as a Strategic Advisor through May 2024. Jim Tarangelo, Aramark's Senior Vice President Finance & Treasurer, has been appointed to succeed Ondrof as Chief Financial Officer, effective January 13. "Tom leaves a strong legacy that's both broad and deep," said John Zillmer, Aramark's Chief Executive Officer. "When I asked him to join Aramark shortly after my return, he left a hard-earned retirement to help us create and drive a successful growth strategy based on our hospitality culture,
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: Veralto Corp. (NYSE:VLTO) will be added to the S&P 500 effective prior to the open of trading on Monday, October 2, replacing DXC Technology Co. (NYSE:DXC) which will be moved to the S&P SmallCap 600 effective prior to the open of trading on Tuesday, October 3. DXC Technologies will replace Ebix Inc. (NASD: EBIX) in the S&P SmallCap 600 also effective prior to the open of trading on October 3. S&P 500 &100 constituent Danaher Corp. (NYSE:DHR) is spinning off Veralto in a transaction expected to be completed on October 2. Followin
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, Marketing, Supply Chain, Logistics, Service and Plant Operations, reporting to Kim Scott, President and Chief Executive Officer of Aramark Uniform Services. "We are delighted to welcome Chris to our management team. Chris bring
Aramark (NYSE:ARMK) CEO John Zillmer announced today the appointment of Kim Scott as President and CEO of Aramark Uniform Services (AUS), effective immediately. In her new role, Scott will become a member of the company's Executive Leadership Team, reporting directly to Zillmer, and will oversee the company's nearly 20,000 employees who serve approximately 400,000 customers providing uniform, laundry, and allied services. Brad Drummond, who announced his retirement from the company at the end of the year, will serve as an Executive Advisor during his transition. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211011005365/en/Arama
YEAR-OVER-YEAR SUMMARY Revenue +2%; Organic Revenue +3% Performance accelerated as quarter progressed; Strong new business wins and client retention over 98% Revenue growth would have increased another 3% if not for certain items1 Operating Income +9%; Adjusted Operating Income (AOI) +11%2 Leveraged expanded Global Supply Chain capabilities; Disciplined operational cost management Operating Income margin +30 bps; AOI margin +30 bps2 GAAP EPS +15% to $0.23; Adjusted EPS +22%2 to $0.34 Results reflected consistent operational execution throughout organization Advanced Capital Allocation Priorities to Enhance Financial Flexibility and Shareholder Returns Extended $
Aramark's (NYSE:ARMK) Board of Directors approved a quarterly dividend of 10.5 cents per share of common stock payable on May 28, 2025 to stockholders of record at the close of business on May 14, 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 in 16 countries around the world with food and facilities management. Because of our hospitality culture, our employees strive to do great things for each other, our partners, our communities, and the planet. Learn more at www.aramark.com an
Aramark (NYSE:ARMK), a global leader in food and facilities management, announced that it will host a conference call to review its second quarter fiscal 2025 results on Tuesday, May 6, 2025 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 registration is completed, participants will be provided with a number containing a personalized PIN to access the call. A replay of the call and related earnings materials will be available through the Archives section of the website. About Aramark Ara
YEAR-OVER-YEAR SUMMARY Revenue +3%; Organic Revenue +5% Highest revenue for any quarter in Global FSS history Foodservice revenue +5%; Foodservice Organic revenue +6% Operating Income +30%1; Adjusted Operating Income (AOI) +13%2 Record AOI for a first quarter in Global FSS history Operating Income margin +100 bps1; AOI margin +40 bps2 GAAP EPS +264%1 to $0.39; Adjusted EPS +25%2 to $0.51 Results reflected execution of profitable growth strategies across organization Expanded Global Supply Chain Footprint; Increased Purchasing Scale Completed GPO acquisition in Europe, increasing supply chain spend by $500 million Total Global Supply Chain spend excee
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 in 16 countries around the world with food and facilities management. Because of our hospitality culture, our employees strive to do great things for each other, our partners, our communities, and the planet. Aramark has been recog
Aims to Install an Independent Slate and Legendary CEO Committed to Abandoning the Blocked Nippon Deal, Collecting the $565 Million Breakup Fee and Making U.S. Steel Great Again in the Public Market Believes the Board's Decision to Pursue a Risky Sale to Nippon – an Overseas Bidder Paying Just $1 Per Share More Than the Top Domestic Bidder – Has Led to a Dead End Contends the Board and CEO David Burritt, Who Collectively Stood to Receive $100+ Million if the Sale Proceeded, Prioritized Deal Advocacy at the Expense of Financial Health and Operational Performance Expresses Concern About the Board and Mr. Burritt Continuing to Devote Immense Resources to Litigation Despite Legal Headwind
Aramark (NYSE:ARMK), a global leader in food and facilities management, announced that it will host a conference call to review its first quarter fiscal 2025 results on Tuesday, February 4, 2025 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 registration is completed, participants will be provided with a number containing a personalized PIN to access the call. A replay of the call and related earnings materials will be available through the Archives section of the website. About Ara
New Addition to the Supply -Chain Organization Expands Global Footprint and Increases Purchasing Power Aramark (NYSE:ARMK), a global leader in food and facilities management, announced today that Avendra International acquired the Quantum Cost Consultancy Group. The acquisition further enhances the company's position as a leading global professional procurement and supply chain services provider, to a wide range of clients including hotels, hospitality and leisure resorts, healthcare, and educational institutions worldwide. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241219109142/en/ Quantum has customer spend of nearly hal
Company Delivers on 2024 Financial Outlook Board Approves New $500 Million Share Repurchase Program in Early November FISCAL 2024 YEAR-OVER-YEAR SUMMARY Revenue +8%; Organic Revenue +10% Represented highest annual revenue in Global FSS history Driven by base business volume, pricing, and net new business Operating Income +13%1; Adjusted Operating Income (AOI) +20%2 Record AOI in both FSS U.S. and International segments for any fiscal year Operating Income Margin +20 bps; AOI margin +50 bps2 GAAP EPS (42)%1 to $0.99; Adjusted EPS +35%2 to $1.55 Results reflected execution on profitable growth strategies across organization GAAP EPS in the prior year included
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 2024 results on Monday, November 11, 2024 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 registration is completed, participants will be provided with a number containing a personalized PIN to access the call. A replay of the call and related earnings materials will be available through the Archives section of the website.