Food Company Aramark Posts Mixed Q4, Increases Dividend By 11% & More

Aramark (NYSE:ARMK) shares are trading higher after the company reported fourth-quarter results and raised quarterly dividend.

Revenue grew 5% year-over-year (Organic revenue: +7%) to $4.42 billion, missing the consensus of $4.46 billion. Revenues were driven by strong volume growth across both segments, with pricing stabilizing due to inflation trends, especially in Education.

FSS United States saw revenue growth of 4%, led by Sports & Entertainment on higher per capita spending and strong stadium attendance, Business & Industry with increased participation and new clients, and retail expansion in Corrections through micro-markets.

FSS International revenue increase of 9% was led by broad-based, especially in the U.K., Germany, Canada, and South America, ...