- Aramark (NYSE:ARMK) has been named a food and beverage partner by England-based Merlin Entertainments. The financial terms were not disclosed.
- The multi-year contract will be executed in five of Merlin’s locations in the U.K. and two in the U.S.
- Aramark will be introducing food and beverage programs coupled with technology solutions to make it easy and convenient for visitors across the seven locations to navigate the varied choices.
- Food and beverage operations at the respective attractions will begin to operate under Aramark from March 2022 in the U.K., with the transfer expected to complete by March-end 2023 in the U.S.
- Price Action: ARMK shares closed higher by 1.67% at $33.50 on Friday.
Marriott Vacations Worldwide Sees FY23 EPS $9.51-$10.30 Vs $11.6 Est
The Company expects contract sales in 2023 to grow 5% to 9% compared to the prior year and for Net income attributable to common shareholders to be $405 million to $440 million,
