Welcome to our dedicated page for ARAMARK news (Ticker: ARMK), a resource for investors and traders seeking the latest updates and insights on ARAMARK stock.
Aramark (NYSE: ARMK) is a global leader in providing innovative services in food, facilities management, and uniforms. United by a passion to serve, Aramark’s dedicated team of over 270,000 employees makes a meaningful difference each day in 19 countries around the world. Recognized as one of the world’s most admired companies by Fortune, Aramark is also rated number one among diversified outsourcing companies and is celebrated as an employer of choice by the Human Rights Campaign and DiversityInc.
Aramark’s core business is segmented into three primary areas: Food and Support Services North America, Food and Support Services International, and Uniform and Career Apparel. The Food and Support Services segments cater to a wide range of clients, including school districts, colleges, healthcare facilities, correctional institutions, and business, sports, and entertainment venues. The Uniform segment focuses on renting, delivering, cleaning, and maintaining work attire and ancillary items like towels and mats, with operations in North America and Japan.
Aramark’s commitment to inclusivity and community impact is evident through its recent initiatives and partnerships. For example, in May 2024, Aramark partnered with the Lester and Rosalie Anixter Center and Triton College to provide employment opportunities for people with disabilities. This event underscores Aramark’s dedication to fostering access, opportunity, and belonging for everyone.
Financially, Aramark continues to show resilience and growth. With numerous service locations and distribution centers across the United States and Canada, Aramark maintains a robust presence in the market. The company’s strategic focus on innovation and customer satisfaction ensures it remains at the forefront of the industry.
Aramark has announced the upcoming 10th annual Aramark Building Community Day on April 27, 2023, where thousands of employee volunteers will engage in service projects across 13 countries, benefiting 140 community organizations. The initiative aims to enhance access to healthy food, nutrition education, and workforce preparedness.
Since its inception in 2014, the initiative has engaged nearly 55,000 volunteers, directly impacting almost 2 million community members. Over the years, projects have included planting community gardens, serving meals, and donating food. Aramark has invested tens of millions in its philanthropic efforts, significantly benefiting underserved communities worldwide.
Aramark is addressing climate change by focusing on reducing greenhouse gas (GHG) emissions from food services, which constitute over half of its carbon footprint. Since signing the Coolfood Pledge in June 2022, Aramark aims to cut GHG emissions from its food offerings in the U.S. by 25% by 2030. The initiative promotes Coolfood meals, which are certified for being climate-friendly and nutritious, enhancing environmental awareness among consumers. A pilot program at 10 U.S. universities increased consumer awareness of these meals, with two-thirds of participants indicating the Coolfood badge influenced their meal choices. Currently, more than 1,500 recipes have been certified as Coolfood meals, available at over 1,000 locations in the U.S. and Canada. Aramark continues to expand this initiative to further promote sustainable dining options.
Aramark (NYSE:ARMK) will host a conference call to review its second quarter fiscal 2023 results on May 9, 2023, at 8:30 a.m. ET. The call will be broadcast live via the Aramark Investor Relations website, and a news release with the results will be issued beforehand.
Participants can register for dial-in access here. A replay of the call will be available in the Archives section of the website. Aramark is recognized as a leading provider of food, facilities management, and uniform services globally, serving clients across various sectors.
Aramark celebrated Women's History Month and International Women's Day through a series of events aimed at empowering women within the company. The EMPOWER employee resource group organized activities, including a webinar featuring over 250 attendees, a podcast highlighting female leaders, and participation in the Women's Foodservice Forum Leadership Conference. Recognitions included the WFF Change Makers Award for Aramark's May Limbach. The company emphasized diversity and inclusion, providing platforms for mentorship and professional development. The EMPOWER Awards recognized outstanding contributions in driving DEI efforts within the organization.
Legion Partners Asset Management has released a presentation urging fellow shareholders to vote for their director candidates, Timothy Hasara and Derek Lewis, and against Proposal 5 relating to advance notice bylaws at Primo Water Corporation (PRMW). Legion Partners, which owns 1.5% of PRMW shares, criticizes the current board for chronic underperformance, citing inadequate skillsets and a history of failed execution, particularly in the water business. The group claims that the existing board members have tenures averaging 16 years, contributing to stagnation. They assert the potential for a tripling of share prices and $630 million EBITDA by 2027 if their nominees are elected. A court hearing is scheduled for May 1, 2023, regarding the board's attempts to restrict the nominations.
Aramark (NYSE: ARMK) has formed a strategic alliance with Triple B Hospitality Group, a Black-owned business, to enhance support for clients in the Workplace Experience Group. This partnership aims to address labor challenges and promote economic equity while prioritizing diverse communities. Triple B, founded by industry veterans, will assist Aramark in implementing diversity, equity, and inclusion strategies. Aramark seeks to provide mentorship and development programs for frontline workers, emphasizing community building. The collaboration underscores Aramark's commitment to fostering a diverse and inclusive workplace, thus driving innovation and long-term growth.
Aramark (NYSE:ARMK), a global leader in food and facilities management, announced that CEO John Zillmer and CFO Tom Ondrof will participate in the BofA Securities 2023 Information and Business Services Conference. This event is scheduled for Thursday, March 16, 2023, with a Fireside Chat session starting at 4:00 p.m. E.T. Investors can access a live webcast and replay through the Investor Relations section of the Aramark website. The company is recognized for serving leading educational institutions and Fortune 500 companies, and has received several accolades, including being listed among America's Most Responsible Companies 2023.
Aramark hosted the third annual LEAD Summit (February 22-24, 2023) at Temple University, focusing on leadership development among Black professionals. The summit featured educational sessions, a keynote address from John Graham Jr., and awards recognizing outstanding ERG members. Aramark's Employee Resource Groups (ERGs) enhance diversity and inclusion in the workforce, earning recognition as a top company for ERGs by DiversityInc. Additionally, Aramark partnered with the Thurgood Marshall College Fund to launch the HBCU Emerging Leaders Program, immersing 15 students from HBCUs in Aramark's corporate culture through hands-on experiences.
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