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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’s Board of Directors has declared a quarterly dividend of 11 cents per share for common stock, payable on March 3, 2021, to stockholders of record as of the close of business on February 17, 2021. This dividend reflects Aramark's commitment to returning value to its shareholders. The company operates in 19 countries and employs 280,000 team members, serving educational institutions, Fortune 500 companies, and healthcare providers.
Aramark (NYSE: ARMK) has committed to reducing greenhouse gas emissions by 15% by the end of 2025, based on its 2019 levels, as part of its Be Well. Do Well. sustainability plan. This initiative aims to lower its carbon footprint through enhanced sourcing, minimizing food waste, and reducing packaging. The commitment was revealed alongside the 2020 Be Well. Do Well. Impact Report, highlighting ongoing efforts towards sustainability and equity, despite the challenges posed by the COVID-19 pandemic.
The Park Institute of America announced partnerships with Aramark (NYSE: ARMK) and Wild Tribute to support national parks and public lands. Aramark will offer Wild Tribute’s custom-designed “4 the Parks” t-shirts, donating 4% of sales to the Park Institute. This initiative aligns with Aramark's commitment to environmental stewardship, which includes programs like restoring trails and planting trees. Leaders from both organizations emphasized the importance of promoting public awareness about national parks and preserving America's natural beauty.
Aramark (NYSE: ARMK) will host a conference call on February 9, 2021, at 8:30 a.m. ET to discuss its first quarter earnings results. Prior to the call, a news release with the detailed financial results will be published. The conference call can be accessed via the Investor Relations section on Aramark's website, with options available for both domestic and international callers. The confirmation number for the call is 4190708. Aramark serves various sectors, including education, healthcare, and cultural institutions across 19 countries, focusing on sustainability and community engagement.
Aramark (NYSE: ARMK) announced that Bridgette Heller has been nominated for election to the Board of Directors at the upcoming annual shareholders' meeting on February 2, 2021. Heller brings 35 years of experience in food, health, wellness, and consumer care, having previously led divisions at Danone, Merck, and Johnson & Johnson. Her addition is expected to enhance Aramark's growth strategy as expressed by Chairman Steve Sadove. Following her election, the Board will consist of twelve members. Heller also serves on boards for Novartis and DexCom.
Walk-On's has partnered with Aramark to launch a new restaurant at Purdue's West Lafayette campus, marking its first non-traditional site. Construction of the 4,800-square-foot dining area, featuring popular Louisiana-inspired dishes, is set to complete in January 2022. This initiative aligns with Walk-On's growth strategy, supported by a recent investment from 10 Point Capital and plans for over 150 new locations across the U.S. The collaboration aims to enhance the dining experience for students and the community while leveraging Purdue's Dining Dollars.
Florida State University has entered into a new dining services agreement with Aramark, which will manage over 30 campus eateries generating approximately $31 million annually. Starting January 2021, the agreement enhances the dining experience without increasing meal plan prices during the Spring 2021 semester. It will provide internships, scholarships, and career opportunities for students. Aramark aims to deliver innovative programming and high-quality service while encouraging existing staff to apply for positions with them, as they plan to hire most current employees.
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