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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.
As the 2022 MLB season begins, Aramark (NYSE: ARMK) unveils a new brand identity for its Sports + Entertainment division and launches the Mark Your Moment campaign. The campaign aims to enhance fan experiences across nine MLB stadiums by introducing innovative culinary offerings and tech advancements. Notable food items include PBJ Burgers and Fluffer Nutter Fries. Additionally, new technology such as AI self-checkout and mobile ordering will streamline service. This initiative reflects Aramark's commitment to delivering premium guest experiences in North America.
Aramark (NYSE: ARMK) partners with Chef Grace Ramirez to introduce La Latina Cocina, an authentic Latin culinary experience at seven higher education dining locations. Launching at the end of Women’s History Month, this initiative aims to cater to the 67% of Gen Z who prefer authentic cultural cuisine. The menu features dishes inspired by Ramirez’s cookbook and includes offerings like El Choripan Platter and Mojo Pulled Pork Taco Platter, enhancing student dining options while emphasizing cultural appreciation.
Aramark (NYSE: ARMK), a leading U.S.-based food service company, has announced the graduation of 12 chefs from the ProChef® certification program at The Culinary Institute of America. These chefs are responsible for Aramark’s culinary programs and menu creation in educational institutions across the country. Since 2008, over 275 Aramark chefs have achieved ProChef certification, enhancing the company's culinary talent and service quality. The ProChef program serves as a benchmark in culinary skill, offering three levels of certification, with ProChef III being the highest.
The Pittsburgh Penguins, in partnership with Aramark (NYSE: ARMK) and Cargill, are introducing a cutting-edge food pickup system at PPG Paints Arena. Launching in late February 2022, the innovative locker system allows fans to order food directly from their seats and conveniently pick it up from 24 temperature-controlled lockers. This self-service concept supports evolving consumer preferences for faster, on-demand experiences. The system integrates the Penguins Mobile App for seamless ordering and retrieval, enhancing the overall fan experience at the arena.
Aramark (NYSE: ARMK) has honored exceptional Black and African American employees with the 2022 LEAD Awards, part of its commitment to diversity and inclusion. The awards were presented at the second annual LEAD Summit, emphasizing leadership and community service. Notable recipients include Karen Mitchal for the Founder’s Award and Shannon Nichols for the Chair Award. Approximately 30% of Aramark’s U.S. workforce identifies as Black, with ongoing efforts to strengthen recruitment at Historically Black Colleges and Universities (HBCUs).
Aramark (NYSE: ARMK) reported a robust 44% revenue increase for Q1 fiscal 2022, reflecting organic revenue growth of 41% and nearing pre-COVID levels. Operating income surged by $161 million to reach $140 million, with an adjusted operating income of $167 million, marking notable profitability improvements. EPS rose to $0.17 from a loss of $0.32 year-over-year. The company emphasizes effective cost management and strong client retention strategies while navigating inflationary pressures. Also, two strategic partnerships aim to enhance service offerings.
The Board of Directors of Aramark (NYSE: ARMK) has announced a quarterly dividend of 11 cents per share of common stock, scheduled for payment on March 2, 2022. Stockholders of record by the close of business on February 16, 2022 will qualify for this dividend. Aramark serves diverse sectors including education, healthcare, and Fortune 500 companies, highlighting its commitment to service and diversity.
Aramark (NYSE: ARMK) has been named as the food and beverage partner for Merlin Entertainments, a leader in location-based entertainment, across seven venues in the UK and US. This multiyear contract includes prominent attractions like Alton Towers, LEGOLAND Windsor, and Thorpe Park. Operations are set to commence in March 2022 in the UK, with the US transfer expected to complete by March 2023. The partnership aims to enhance the guest experience with innovative food offerings and sustainable practices.
Aramark (NYSE: ARMK) released its 2021 Be Well. Do Well. Impact Report, detailing its enhanced transparency in managing environmental, social, and governance (ESG) issues. The report, which significantly expands on previous sustainability disclosures, includes new components like materiality analysis and stakeholder engagement strategies. CEO John Zillmer emphasized the importance of addressing ESG topics for business growth and risk management. The company aims to reduce greenhouse gas emissions by 15% by 2025, reflecting its commitment to sustainability amid ongoing recovery from the COVID-19 pandemic.
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