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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 Sports + Entertainment is launching innovative food and beverage offerings for the new NHL and NBA seasons, featuring exciting culinary collaborations, self-order technology, and immersive dining experiences. New signature menu items include the viral Eat Your Feed program, highlighting items like BBQ Sundae and CHEETOS ‘n’ Waffle. The company is also introducing AI self-checkout and mobile ordering to enhance guest experience across venues in the U.S. and Canada, aiming to improve efficiency and customer satisfaction.
Aramark (NYSE: ARMK) has announced that by 2025, 44% of its residential dining menu offerings at over 250 colleges and universities will be plant-based. This initiative, in partnership with the Humane Society of the United States, marks a significant milestone in their collaboration, aimed at reducing greenhouse gas emissions by 25% by 2030. Currently, 26-30% of Aramark’s college menus are plant-based. The company will enhance staff training and provide annual progress reports to achieve these targets.
On September 22,
The NFL season begins with Aramark Sports + Entertainment unveiling innovative food offerings, including the new Snack Hack program, which creatively transforms popular snacks into unique menu items. Signature dishes at various stadiums include DORITOS Corn Dogs and Crabby Cheese Puffs Mozzarella Sticks. Additionally, self-serve and AI technologies are introduced to enhance fan experience, featuring AI Self-Checkout systems and mobile ordering capabilities. This year, the Chefs on the Road program allows fans to taste rival team cuisines, showcasing Aramark's commitment to hospitality innovation.
Aramark Sports + Entertainment is set to enhance the MLB at Field of Dreams experience with new concession items and premium services for the event on Aug. 11, featuring the Cubs vs. Reds. The offerings include local fare like the Chicago Italian Beef Sandwich and Mettwurst Sausage, alongside popular items like Funnel Cakes and Deep-fried Oreos. A contactless ordering system, Walk Off Refreshments, will streamline service, exclusively accepting credit card payments. This follows Aramark's recent Minor League concessions, showcasing their commitment to enhancing fan experiences.
Aramark (NYSE: ARMK) reported impressive fiscal Q3 2022 results, with revenues hitting $4.1 billion, a 38% year-over-year increase, surpassing pre-COVID levels. Organic revenue rose 39%, reflecting strong performance across all segments. Operating income surged 99% to $148 million, with adjusted operating income climbing 73% to $178 million. EPS improved to $0.16, and adjusted EPS increased to $0.25. The company raised its fiscal 2022 organic revenue growth outlook to 31%-32%, driven by new business and pricing strategies.
Aramark (NYSE: ARMK) announces a rebranding of its higher education division to Aramark Collegiate Hospitality, emphasizing sustainability and culinary diversity as it prepares for the new academic year. The initiative includes the expansion of Cool Food Meals, aimed at reducing greenhouse gas emissions by 25% by 2030. Aramark's commitment to local sourcing is evident with over $260 million spent on small farms. The company aims to cater to the demand for global flavors, launching new culinary partnerships for a more authentic dining experience.
Aramark's Board of Directors has declared a quarterly dividend of 11 cents per share, set for payment on August 30, 2022. Stockholders of record as of the close of business on August 17, 2022 will receive this dividend. Aramark serves various sectors, including education and healthcare, and has been recognized in several diversity and workplace equality rankings. This dividend announcement reflects the company's commitment to returning value to shareholders.
Aramark (NYSE: ARMK) has launched its second mentoring cohort in partnership with the Eastern and Southern California Minority Supplier Development Councils. This three-month program aims to support minority and women-owned businesses (M/WBEs) through executive coaching, business skills training, and best practices sharing. Aramark's commitment to equity and diversity is evident as they aim to enhance opportunities for M/WBEs and strengthen their supply chain by collaborating with small, diverse suppliers. In FY2021, Aramark's spend with small and diverse suppliers exceeded $592 million.
Aramark (NYSE: ARMK) is enhancing its K-12 education division with a refreshed identity as Aramark Student Nutrition. The initiative includes global culinary innovations, technological upgrades, and new dining concepts aimed at improving the student dining experience. The company is introducing enhanced menu options and promoting student engagement through feedback from over 60,000 students. New offerings include the LunchPad for middle schools and expanded versions of the successful Rally Café. Positive feedback from clients indicates a strong alignment with the division's mission.
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