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Aramark (ARMK) provides food, facilities management, hospitality, retail, and workforce support services for education, business, healthcare, sports, entertainment, cultural attraction, municipal, and remote operating environments. News about the company regularly covers quarterly results, dividend actions, client and venue partnerships, campus dining programs, sports and entertainment concessions, and local service-capability expansions.
Company updates also include new service platforms such as Aramark Nexus, which delivers integrated hospitality, facilities, housing, and workforce support for hyperscale data centers and other large-scale operating environments. Other recurring developments address Aramark Collegiate Hospitality, Aramark Sports + Entertainment, Aramark Refreshments, and companywide community-service initiatives across its international footprint.
Aramark (NYSE: ARMK) announces a rebranding of its higher education division to Aramark Collegiate Hospitality, emphasizing sustainability and culinary diversity as it prepares for the new academic year. The initiative includes the expansion of Cool Food Meals, aimed at reducing greenhouse gas emissions by 25% by 2030. Aramark's commitment to local sourcing is evident with over $260 million spent on small farms. The company aims to cater to the demand for global flavors, launching new culinary partnerships for a more authentic dining experience.
Aramark's Board of Directors has declared a quarterly dividend of 11 cents per share, set for payment on August 30, 2022. Stockholders of record as of the close of business on August 17, 2022 will receive this dividend. Aramark serves various sectors, including education and healthcare, and has been recognized in several diversity and workplace equality rankings. This dividend announcement reflects the company's commitment to returning value to shareholders.
Aramark (NYSE: ARMK) has launched its second mentoring cohort in partnership with the Eastern and Southern California Minority Supplier Development Councils. This three-month program aims to support minority and women-owned businesses (M/WBEs) through executive coaching, business skills training, and best practices sharing. Aramark's commitment to equity and diversity is evident as they aim to enhance opportunities for M/WBEs and strengthen their supply chain by collaborating with small, diverse suppliers. In FY2021, Aramark's spend with small and diverse suppliers exceeded $592 million.
Aramark (NYSE: ARMK) is enhancing its K-12 education division with a refreshed identity as Aramark Student Nutrition. The initiative includes global culinary innovations, technological upgrades, and new dining concepts aimed at improving the student dining experience. The company is introducing enhanced menu options and promoting student engagement through feedback from over 60,000 students. New offerings include the LunchPad for middle schools and expanded versions of the successful Rally Café. Positive feedback from clients indicates a strong alignment with the division's mission.
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Aramark (NYSE:ARMK) has secured a multiyear agreement to operate food and beverage programs at four key venues in Reno, Nevada: the Reno-Sparks Convention Center, Reno Events Center, National Bowling Stadium, and Reno-Sparks Livestock Events Center. This partnership aims to enhance guest experiences and celebrate the local culinary culture. Aramark will provide a range of services including concessions and catering at these facilities, which host various sporting and cultural events.
Aramark (NYSE:ARMK), a leader in food, facilities management, and uniforms, will host a conference call to discuss its third quarter fiscal 2022 results on August 9, 2022, at 8:30 a.m. ET. A news release with the results will be available before the call. The call will be broadcast live on the Aramark Investor Relations website. Participants can register here for dial-in access. A replay and earnings materials will be available afterward.
Aramark (NYSE: ARMK) has become the first contract catering company in the U.S. to sign the World Resources Institute’s (WRI) Cool Food Pledge, committing to a 25% reduction in greenhouse gas emissions related to its food services by 2030. This initiative is part of Aramark's broader sustainability plan, Be Well. Do Well., aiming for net zero emissions. Starting January 2023, Aramark will significantly expand its offering of climate-friendly Cool Food Meals to nearly 1,500 locations across various sectors in the U.S.
Aramark and Starr Restaurants announce the opening of a new full-scale restaurant at Wells Fargo Center, replacing The Grille. This venue marks a collaboration between Aramark, a leading provider of food and beverage services, and award-winning restaurateur Stephen Starr. Set to open in October 2022, the restaurant will feature an upscale tavern atmosphere, seating for approximately 300, and views of Philadelphia's skyline. This initiative is part of a broader $300+ million transformation of the Wells Fargo Center aimed at enhancing the sports and entertainment experience for fans.
Aramark (NYSE:ARMK) will feature its management team in upcoming investor conferences, including the Bernstein Strategic Decisions Conference on June 2, 2022, with CEO John Zillmer at 8:00 a.m. ET, and the Baird Global Consumer, Technology & Services Conference on June 8, 2022, with President and CEO Kim Scott at 8:30 a.m. ET. A live webcast and replay will be available on Aramark's Investor Relations website. The company is recognized for its service to various sectors globally, ranking first in FORTUNE's 2022 list of 'World’s Most Admired Companies'.