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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 is enhancing its commitment to diversity through its innovative supply chain strategy, partnering with minority, women-owned, and diverse businesses.
In fiscal year 2022, Aramark spent over $727 million with small businesses, including $385 million with minority and women-owned business enterprises (M/WBEs), impacting nearly 7,000 jobs and generating a total economic impact of $1.2 billion.
Aramark aims to allocate 25% of its supply chain purchases to small and diverse suppliers by 2025, showcasing its dedication to enhancing local economies and community relations.
Aramark (NYSE:ARMK) has announced a new partnership with the Thurgood Marshall College Fund to launch the HBCU Emerging Leaders Program. This program will host 15 students from Historically Black Colleges and Universities (HBCUs) for a two-day immersion at Aramark's headquarters in Philadelphia. Participants will engage in career exploration, network with executives, and provide consumer insights. The initiative aligns with Aramark's commitment to diversity and equity, aiming to support HBCU students' professional growth. This partnership forms part of Aramark's broader focus on environmental, social, and corporate governance (ESG) initiatives.
Aramark (NYSE: ARMK) has announced a partnership with Healthcare Plus Solutions Group (HPSG), led by Quint Studer and Dan Collard, aimed at enhancing hospital experiences. This initiative aims to improve patient satisfaction, reduce hospital stays, and boost nursing satisfaction through specialized training for managers and front-line staff. The collaboration will formalize existing experience networks and develop a Leadership Development Institute focused on effective patient-caregiver interaction. Bart Kaericher, President of Aramark Healthcare+, emphasized the importance of this partnership in building a world-class patient experience.
Aramark (NYSE: ARMK) has launched the HBCU Emerging Leaders Program in partnership with the Thurgood Marshall College Fund (TMCF). This initiative aims to provide career exploration for 15 students from Historically Black Colleges and Universities. The program includes a two-day immersion at Aramark's Philadelphia headquarters, featuring networking with executives, career development sessions, and insights into the hospitality industry. The initiative aligns with Aramark's commitment to diversity, equity, and inclusion, reflecting their ongoing efforts to support HBCU students and enhance professional opportunities for marginalized communities.
Aramark Sports + Entertainment, the official food and beverage partner for the NFC Champion Philadelphia Eagles and AFC Champion Kansas City Chiefs, is gearing up for the Super Bowl on February 12. The culinary teams are sharing favorite game day recipes to help fans recreate stadium favorites at home. Featured recipes include Philly Jawns and DORITOS® Empanadas with Avocado Crema. Aramark emphasizes food safety with tips to ensure a safe cooking experience. The company operates over 150 food and beverage programs in premier venues across North America and is recognized for industry innovations and quality service.
Aramark reported a strong first quarter for fiscal 2023, with consolidated revenue of $4.6 billion, a 17% year-over-year increase. Organic revenue growth stood at 18%, driven by net new business and pricing across all segments. Operating income rose 42% to $200 million, and adjusted operating income improved 47% to $242 million. EPS surged 65% to $0.28, with a currency impact of $0.02 on EPS. Aramark announced the sale of its 50% stake in AIM Services for $535 million, aimed at debt repayment and operational focus enhancement. The company remains committed to driving profitable growth amidst a challenging macro environment.
Aramark (NYSE: ARMK) has agreed to sell its 50% stake in AIM Services to Mitsui & Co., Ltd. for
Aramark (NYSE:ARMK) will host a conference call on February 7, 2023, at 8:30 a.m. ET to discuss its first quarter fiscal 2023 results. A preceding news release with the results will be distributed. The call will be available live on the Aramark Investor Relations website.
Participants can register for dial-in access here. An archived replay and related materials will be accessible on the website following the call.
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