Aramark (NYSE:ARMK) reported that consolidated revenue was up 5% year-over-year to $4.4 billion, largely driven by strong base business from volume across both segments with pricing normalizing from favorable inflation trends,

Shares of Aramark hit an all-time high after quarterly revenue rose on strong sales volumes from existing clients, prompting the food, facilities and uniform-services company to boost its dividend and launch a stock buyback program.

Food and uniform services provider Aramark reported better-than-expected adjusted profit as volumes increased.