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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 (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.
Aramark (NYSE:ARMK) will hold a conference call on November 16, 2021 at 8:30 a.m. ET to discuss its fourth quarter and full-year fiscal 2021 earnings. A news release with financial results will precede the call, accessible via the Aramark Investor Relations website. Participants can join via phone at 833-726-8488 for domestic callers or 830-213-7680 for international callers, using Conference ID 6583546. This event showcases the company’s commitment to transparency in financial performance.
Aramark (NYSE: ARMK) is enhancing game-day experiences for NHL and NBA fans with new food offerings, branded concepts, and contactless ordering at seven arenas across North America. This season's menu features cheese-centric dishes like Loaded Mac and Cheese and Pork Belly Mac and Cheese, along with an array of innovative dining concepts. Customers can enjoy improved service options, including mobile ordering and self-checkout technologies. Aramark aims to elevate guest experiences while maintaining partnerships with local culinary talents.
Aramark (NYSE:ARMK) has appointed Kim Scott as President and CEO of Aramark Uniform Services, effective immediately. CEO John Zillmer emphasized her extensive commercial experience and leadership skills as vital for accelerating growth. Scott, with over 26 years in strategic operations across various sectors, expressed enthusiasm for leading the AUS team. This leadership change comes as Brad Drummond transitions to an advisory role ahead of his retirement at year-end. Aramark provides services to various sectors globally with a strong commitment to diversity and employee engagement.
Aramark (NYSE: ARMK) announces the launch of its TAKE15 program on October 10, 2021, for college and university students to promote mental wellbeing. The initiative encourages students to take 15-minute breaks to alleviate stress, rooted in three pillars: mindful eating, physical activity, and relaxation. This program aligns with the Feed Your Potential 365 campaign, aiming to combat heightened stress levels among students exacerbated by the COVID-19 pandemic. Research shows that short breaks can enhance mental health, memory, and overall performance.
Aramark (NYSE:ARMK) will host an Analyst Day on December 9, 2021, featuring presentations by CEO John Zillmer and CFO Tom Ondrof. The event will review the company's performance milestones and strategic plans for future growth. Further details will be shared in the upcoming weeks. Aramark provides services to educational institutions, Fortune 500 companies, and healthcare providers across 19 countries, emphasizing their commitment to service and diversity.
Aramark (NYSE: ARMK) has announced a commitment to enhance local seafood sourcing in New England through a partnership with the Gulf of Maine Research Institute. Starting October 2021, Aramark aims for 100% of its fresh and frozen whitefish to be sourced from the New England region, with 75% being verified Gulf of Maine Responsibly Harvested species. This initiative supports local fishing communities and adheres to Aramark's Sustainable Seafood Policy, promoting responsible harvesting practices and contributing to ecosystem health.
Aramark employees globally participated in the annual Aramark Building Community (ABC) Day on September 23, focusing on volunteer work amid COVID-19. Over 80 local projects occurred across several countries, including the U.S., Canada, and Mexico. The company issued nearly 70 grants to nonprofits to enhance access to food and wellness resources. Additionally, employees engaged in virtual activities, creating kits for families and students. Aramark continues to emphasize its community commitment despite pandemic challenges.
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