Aramark Stock Hits All-Time High as Adjusted Profit Tops Forecasts

Key TakeawaysAramark reported better-than-expected adjusted profit as volumes increased.The food, beverages, and other services provider raised its quarterly dividend.The company also announced a $500 million share repurchase program. Shares of Aramark (ARMK) traded at an all-time high Monday as the provider of food, beverages, and other services to sports and entertainment venues posted better-than-expected adjusted profit as volumes grew. It also boosted its dividend and announced a new stock buyback plan ...