Aramark US Stock Price, News & Analysis

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.

Aramark (NYSE:ARMK), a global leader in food and facilities management, announced that CEO John Zillmer and CFO Tom Ondrof will participate in the BofA Securities 2023 Information and Business Services Conference. This event is scheduled for Thursday, March 16, 2023, with a Fireside Chat session starting at 4:00 p.m. E.T. Investors can access a live webcast and replay through the Investor Relations section of the Aramark website. The company is recognized for serving leading educational institutions and Fortune 500 companies, and has received several accolades, including being listed among America's Most Responsible Companies 2023.

Aramark hosted the third annual LEAD Summit (February 22-24, 2023) at Temple University, focusing on leadership development among Black professionals. The summit featured educational sessions, a keynote address from John Graham Jr., and awards recognizing outstanding ERG members. Aramark's Employee Resource Groups (ERGs) enhance diversity and inclusion in the workforce, earning recognition as a top company for ERGs by DiversityInc. Additionally, Aramark partnered with the Thurgood Marshall College Fund to launch the HBCU Emerging Leaders Program, immersing 15 students from HBCUs in Aramark's corporate culture through hands-on experiences.

Aramark is enhancing its commitment to diversity through its innovative supply chain strategy, partnering with minority, women-owned, and diverse businesses.

In fiscal year 2022, Aramark spent over $727 million with small businesses, including $385 million with minority and women-owned business enterprises (M/WBEs), impacting nearly 7,000 jobs and generating a total economic impact of $1.2 billion.

Aramark aims to allocate 25% of its supply chain purchases to small and diverse suppliers by 2025, showcasing its dedication to enhancing local economies and community relations.

Aramark (NYSE:ARMK) has announced a new partnership with the Thurgood Marshall College Fund to launch the HBCU Emerging Leaders Program. This program will host 15 students from Historically Black Colleges and Universities (HBCUs) for a two-day immersion at Aramark's headquarters in Philadelphia. Participants will engage in career exploration, network with executives, and provide consumer insights. The initiative aligns with Aramark's commitment to diversity and equity, aiming to support HBCU students' professional growth. This partnership forms part of Aramark's broader focus on environmental, social, and corporate governance (ESG) initiatives.