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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 Collegiate Hospitality conducted a survey of nearly 70,000 students, revealing significant trends in dining and hospitality preferences on campus for 2023. The data indicates a shift towards nostalgic, early 2000s comforts and a strong focus on holistic health and wellness. Key areas include mindful eating, allergen and dietary choices, and sustainability efforts. Aramark has responded with initiatives like the 'Take 15' program, the 'Eat to Excel' dietary performance program for student-athletes, and AllerCheck™ certified locations for food allergen safety. Additionally, sustainability practices such as reducing food waste and composting are emphasized. These efforts are aimed at meeting students' evolving needs and enhancing their campus experience.
The Lester and Rosalie Anixter Center has partnered with Aramark and Triton College to provide employment opportunities for people with disabilities. This initiative will involve an onsite hiring event at Triton College on May 21, 2024, from 9:00 a.m. to noon. Aramark managers will interview candidates for various roles in Chicago and surrounding areas.
Samantha Handley, President and CEO of the Anixter Center, expressed gratitude for the partnership, which aims to promote access, opportunity, and belonging for people with disabilities. Triton College, through its SEED program, is committed to preparing students with diverse learning needs for competitive employment.
Aramark Healthcare+ has been named one of the 2024 Best Places to Work in Healthcare by Modern Healthcare. This recognition highlights outstanding employers in the healthcare industry who improve their work environment and enhance employee engagement, satisfaction, and retention through innovative practices. Aramark Healthcare+ provides tailored food services, environmental services, and facilities management to over 600 healthcare facilities across the U.S. The award is a testament to the company's commitment to promoting total wellbeing and delivering top-notch patient experiences. The official ranking will be announced at the 2024 Best Places to Work in Healthcare Awards Gala on October 10 in Nashville, TN.
Aramark (NYSE: ARMK), a global leader in food and facilities services, has been named a 2024 honoree of The Civic 50 by Points of Light, recognizing the top community-minded companies in the U.S. This accolade highlights Aramark's commitment to community service through initiatives like Aramark Building Community Day and support for over one million individuals worldwide in 2023. The Civic 50 honors companies with $1 billion+ in annual U.S. revenues based on resource investment, volunteerism, business integration, policy institutionalization, and impact measurement. Aramark's recognition underscores its dedication to civic engagement and corporate citizenship.
Aramark, a global leader in food services and facilities management, is hosting the Aramark International Chefs’ Cup 2024 in Toronto from June 11 to 13, 2024. Ten chefs from around the world will compete, showcasing their culinary skills and creativity. The competition emphasizes local ingredients and sustainability, with a jury of culinary experts evaluating the dishes. The event will culminate in the awarding of medals to the top three chefs, celebrating their talent and dedication to the craft.
Aramark Collegiate Hospitality and University of South Florida's School of Hospitality and Tourism Management have partnered to provide students with a combination of education and hands-on experience, resulting in 100% job placement for the inaugural Fall 2022 and Spring 2023 classes. The collaboration integrates theoretical knowledge with practical industry experience to prepare students for successful careers in hospitality. The partnership offers mentorship opportunities, practical experience, and access to culinary and restaurant facilities across USF's campuses, enhancing students' skills and understanding of the field.
Aramark, a global provider of food and facility services, organized its first International Innovation Summit in Santiago, Chile, to explore future service models with the help of VR and AI technologies. The summit gathered international leaders, clients, and technology partners from various countries to discuss innovative ways to enhance business results.
Aramark reported second quarter fiscal 2024 results with a 7% revenue increase year-over-year. Operating income grew by 27%, and adjusted EPS increased by 79%. The company enhanced its capital structure, generating over $1.1 billion in cash availability. Aramark's strong momentum continued, resulting in record revenue for both FSS U.S. and International segments.
Aramark employees worldwide participate in the company's global day of service, Aramark Building Community Day (ABC Day), by volunteering in local communities. This year, over 4,000 volunteers in 13 countries engage in projects that address critical issues, such as creating employment opportunities, increasing access to healthy food, and promoting environmental stewardship. ABC Day has been a successful initiative for the past ten years, with nearly 55,000 employees volunteering. The company's commitment to people is evident through its global service day, reinforcing Aramark's focus on positively impacting communities and the planet.
Aramark Refreshments, a leading provider of office coffee, refreshments, and snack distribution services, will showcase breakroom innovation at The NAMA Show 2024. The event, hosted by the National Automatic Merchandising Association, will feature Aramark's expertise in energizing workspaces with unique solutions to foster inclusivity and community. The company will introduce the Innovation Lounge, highlighting partnerships with brands like Amazon, BROOD, Everysy, and Borg & Overström, along with a commitment to sustainability. Aramark's innovative leaders will share insights on elevating customer experience and successful technology implementation during the event.
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