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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 college campuses prepare for a full reopening this fall, Aramark (NYSE: ARMK) highlights significant developments in campus dining. The company emphasizes healthier food options, sustainability, and local sourcing, responding to student feedback indicating satisfaction with cleanliness and variety. Key initiatives include the 'Healthy for Life' program, resulting in a 20% reduction in calories, and the introduction of allergen-friendly dining options. Aramark also partners with local restaurants to enhance culinary diversity, reflecting student preferences post-pandemic.
Aramark (NYSE: ARMK) is enhancing its K-12 school dining experience as students return to full-time, in-person instruction. Emphasizing safety and care, Aramark introduces new menu items, breakfast options, and grab-and-go features. The company has developed 75 new handcrafted menu items and is collaborating with the American Heart Association to promote health and wellness. Additionally, the USDA has extended universal free-meal waivers through the 2021-2022 school year, aiding recovery from the pandemic. Aramark serves 273 million meals annually to 2.5 million students across over 500 school districts.
Alison Birdwell, President and CEO of Aramark Sports and Entertainment, has been honored in Sports Business Journal’s 2021 Class of 'Game Changers: Women in Sports Business.' This recognition celebrates women making significant contributions in sports business, with Birdwell being one of 440 awardees since its inception. Under her leadership, Aramark operates over 150 top-tier food, beverage, and facility services across North America. She will be featured in SBJ on September 27 and recognized at an awards ceremony in New York City on October 20.
Aramark (ARMK) reported Q3 fiscal 2021 results with a revenue of $3.0 billion, a 39% increase year-over-year. Organic revenue grew 34%, reaching 73% of pre-COVID levels, supported by a strong recovery in Leisure and Sports & Entertainment sectors. The operating income surged to $74 million compared to a loss of $328 million in Q3 2020. The company also declared a quarterly dividend of $0.11 per share. Strong cash management and strategic capital allocation enhanced its financial flexibility, with a cash availability of $1.9 billion at quarter-end.
Aramark (NYSE: ARMK) has entered a multi-year partnership with Arizona Athletics, becoming the concessions operator starting the 2021-22 academic year. This collaboration aims to enhance the fan experience at all UArizona sports venues by prioritizing food and beverage quality while expanding cashless payment options. With a focus on efficiency and safety, the partnership will improve service through expedited access to concessions and new menu items, ultimately enriching the overall atmosphere for attendees.
Aramark (NYSE: ARMK) will host a conference call on August 10, 2021, at 8:30 a.m. ET to discuss its third quarter 2021 earnings. A press release with the results will be issued before the call. Investors can access the call via Aramark's Investor Relations webpage. For those without internet access, the dial-in numbers are 833-726-8488 for domestic callers and 830-213-7680 for international callers, with Conference ID 8951377. Aramark provides food and facilities management services across 19 countries, serving major clients in various sectors.
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