|Bid||31.95 x 900|
|Ask||40.75 x 900|
|Day's Range||32.90 - 33.79|
|52 Week Range||31.22 - 39.95|
|Beta (5Y Monthly)||1.94|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 07, 2022 - Feb 11, 2022|
|Forward Dividend & Yield||0.44 (1.20%)|
|Ex-Dividend Date||Feb 15, 2022|
|1y Target Est||41.86|
Second quarter revenue has recovered to 97% of pre-pandemic 2019 levels, Aramark executives said during an earnings call, though business continues to lag in key areas including concerts and convention centers.
Aramark Uniform Services plans to raise debt through a one-time cash dividend. Proceeds will go to Aramark.
Aramark Corp. plans to spin off its multibillion-dollar Uniform Services business into a separate publicly traded company, a move that comes after the unit recently surpassed pre-Covid-19 revenue levels. The Philadelphia food services company expects the spinoff to occur by the end of its next fiscal year in October 2023. CEO John Zillmer said the company believes Aramark (NYSE: ARMK) and Aramark Uniform Services "can best execute their respective value-creating strategies operating as two independent, publicly traded companies.”