Aramark US Stock Price, News & Analysis

Aramark has announced the upcoming 10th annual Aramark Building Community Day on April 27, 2023, where thousands of employee volunteers will engage in service projects across 13 countries, benefiting 140 community organizations. The initiative aims to enhance access to healthy food, nutrition education, and workforce preparedness.

Since its inception in 2014, the initiative has engaged nearly 55,000 volunteers, directly impacting almost 2 million community members. Over the years, projects have included planting community gardens, serving meals, and donating food. Aramark has invested tens of millions in its philanthropic efforts, significantly benefiting underserved communities worldwide.

Aramark is addressing climate change by focusing on reducing greenhouse gas (GHG) emissions from food services, which constitute over half of its carbon footprint. Since signing the Coolfood Pledge in June 2022, Aramark aims to cut GHG emissions from its food offerings in the U.S. by 25% by 2030. The initiative promotes Coolfood meals, which are certified for being climate-friendly and nutritious, enhancing environmental awareness among consumers. A pilot program at 10 U.S. universities increased consumer awareness of these meals, with two-thirds of participants indicating the Coolfood badge influenced their meal choices. Currently, more than 1,500 recipes have been certified as Coolfood meals, available at over 1,000 locations in the U.S. and Canada. Aramark continues to expand this initiative to further promote sustainable dining options.

Aramark (NYSE:ARMK) will host a conference call to review its second quarter fiscal 2023 results on May 9, 2023, at 8:30 a.m. ET. The call will be broadcast live via the Aramark Investor Relations website, and a news release with the results will be issued beforehand.

Participants can register for dial-in access here. A replay of the call will be available in the Archives section of the website. Aramark is recognized as a leading provider of food, facilities management, and uniform services globally, serving clients across various sectors.

Aramark celebrated Women's History Month and International Women's Day through a series of events aimed at empowering women within the company. The EMPOWER employee resource group organized activities, including a webinar featuring over 250 attendees, a podcast highlighting female leaders, and participation in the Women's Foodservice Forum Leadership Conference. Recognitions included the WFF Change Makers Award for Aramark's May Limbach. The company emphasized diversity and inclusion, providing platforms for mentorship and professional development. The EMPOWER Awards recognized outstanding contributions in driving DEI efforts within the organization.

Legion Partners Asset Management has released a presentation urging fellow shareholders to vote for their director candidates, Timothy Hasara and Derek Lewis, and against Proposal 5 relating to advance notice bylaws at Primo Water Corporation (PRMW). Legion Partners, which owns 1.5% of PRMW shares, criticizes the current board for chronic underperformance, citing inadequate skillsets and a history of failed execution, particularly in the water business. The group claims that the existing board members have tenures averaging 16 years, contributing to stagnation. They assert the potential for a tripling of share prices and $630 million EBITDA by 2027 if their nominees are elected. A court hearing is scheduled for May 1, 2023, regarding the board's attempts to restrict the nominations.

Aramark (NYSE: ARMK) has formed a strategic alliance with Triple B Hospitality Group, a Black-owned business, to enhance support for clients in the Workplace Experience Group. This partnership aims to address labor challenges and promote economic equity while prioritizing diverse communities. Triple B, founded by industry veterans, will assist Aramark in implementing diversity, equity, and inclusion strategies. Aramark seeks to provide mentorship and development programs for frontline workers, emphasizing community building. The collaboration underscores Aramark's commitment to fostering a diverse and inclusive workplace, thus driving innovation and long-term growth.