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 announces the reopening of several national park hospitality venues for the 2022 season, enhancing outdoor experiences for travelers. Key highlights include the reopening of Yosemite's Curry Village and Wawona Hotel with renovations, alongside new offerings at Mesa Verde and Olympic National Park. Activities like tours and outdoor programs are emphasized, encouraging visitors to explore unique natural landscapes. This initiative aligns with the growing trend for eco-tourism as travelers seek adventure in nature.
Aramark (NYSE:ARMK), a global leader in food, facilities management, and uniforms, will hold a conference call on February 8, 2022, at 8:30 a.m. ET, to discuss its first quarter fiscal 2022 results. The results will be released prior to the call. Interested parties can access the call via the Aramark Investor Relations webpage or dial in using specific numbers for domestic and international callers. Aramark is recognized for serving various sectors globally and has received accolades for diversity and inclusion efforts.
Aramark (NYSE: ARMK) has announced a strategic partnership with Patient Engagement Advisors (PEA) to enhance post-discharge care services. This collaboration aims to assist health systems and patients in managing post-discharge needs, thereby reducing costly readmissions. PEA's technology will connect patients with transition specialists, ensuring adherence to medication regimens and follow-up care. The partnership aligns with Aramark's growth strategy to provide comprehensive healthcare solutions and improve patient outcomes.
Aramark (NYSE: ARMK), a leading U.S.-based food service provider, is launching the Cool Food Meals badge at 10 universities this semester to promote climate-friendly eating. The initiative will feature over 350 menu items identified by the badge, signifying a lower carbon footprint. Participating institutions include Arizona State University and University of North Carolina Wilmington. This program aligns with Aramark's sustainability efforts and responds to consumer demand for reduced meat consumption, supporting its Healthy for Life initiative.
Aramark (NYSE: ARMK) has acquired independent foodservice company Wilson Vale, enhancing its portfolio in the UK. The deal focuses on servicing premium Business and Industry (B&I) clients and Independent Schools, reinforcing Aramark's commitment to quality and local sourcing. Wilson Vale will maintain its identity under Aramark's ownership and continue to operate autonomously, preserving its existing leadership and customer relationships. This acquisition is positioned as a strategic move to drive growth and improve service delivery in the competitive UK market.
Aramark (NYSE: ARMK) announced the nomination of Patricia E. Lopez and Ken M. Keverian for election to its Board of Directors at the upcoming annual meeting on February 1, 2022. Lopez brings extensive experience in growth and management from her previous role as CEO of High Ridge Brands, overseeing a $350MM business. Keverian, former Chief Strategy Officer at IBM, has a wealth of experience in strategic business development, including a significant $34B acquisition. Current board member Irene M. Esteves will retire, bringing the board's total to 12 members post-election.
Aramark (NYSE: ARMK) has launched a strategic collaboration with Starr Restaurant Organization to enhance culinary innovation and operational excellence across the U.S. The partnership, announced from Philadelphia, includes an exclusive licensing agreement that allows Aramark to operate designated Starr brands, joint business development opportunities, and knowledge exchange among culinary teams. Additionally, Aramark acquires a minority stake in Starr Restaurants, supporting its growth strategy aimed at providing exceptional hospitality experiences to clients.
Aramark (NYSE:ARMK), a leader in food and facilities management, announced details for its Analyst Day on December 9, 2021, at 9:00 a.m. ET. Attendees can join remotely via a live video webcast accessible on the Aramark website. CEO John Zillmer and CFO Tom Ondrof will present the company's performance and strategic growth plans. Aramark serves major institutions globally, earning accolades in diversity and workplace equality.
Aramark (NYSE: ARMK) has announced its commitment to establish enterprise-wide science-based targets for reducing greenhouse gas (GHG) emissions, aligning with the Science Based Targets initiative (SBTi). The company aims to decrease emissions by 15% from its 2019 baseline by the end of 2025 and achieve net-zero GHG emissions by 2050. This initiative reflects Aramark's broader sustainability strategy, highlighted in its forthcoming 2021 Impact Report, set for release in January 2022. The plan underlines Aramark's role in addressing climate change and meeting stakeholder expectations.
Aramark reported a significant 32% revenue increase for Q4 fiscal 2021, driven by the FSS United States segment, with organic revenue up 37%. Operating income rose by $226 million, leading to an EPS increase to $0.14. The fiscal year showcased record net new business exceeding $500 million, five times the previous average. Although annual revenue declined by 6% and 7% organically, the second half saw a robust 35% growth. Cash flow improved markedly, with operating cash flow hitting $657 million.
FAQ
What is the current stock price of ARAMARK (ARMK)?
What is the market cap of ARAMARK (ARMK)?
What services does Aramark provide?
How many employees does Aramark have?
What recent partnerships has Aramark formed?
Where does Aramark operate its services?
What is Aramark's recognition in the industry?
What are the main business segments of Aramark?
How does Aramark support diversity and inclusivity?
What types of clients does Aramark serve?
How does Aramark contribute to the community?
What financial strengths does Aramark possess?
