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Aramark Commits to Setting Science-based Targets for Emissions Reduction
Aramark a global leader in food, facilities, and uniform services, today announced its commitment to set enterprise-wide science-based targets, to reduce greenhouse gas (GHG) emissions, in line with the Science Based Targets initiative (SBTi). This commitment follows the company's announcement earlier this year, of its goal to reduce GHG emissions by 15%, from its 2019 baseline, by the end of 2025 (in the U.S.), and will align the company with the Science Based Target initiative’s new Net-Zero Standard.
Today’s announcement affirms Aramark’s commitment to set a...
Aramark Reports Fourth Quarter and Fiscal Year 2021 Results
Aramark today reported fourth quarter and full-year fiscal 2021 results.
"Our fourth quarter and full year results reflected the progress we have made across our business as organic revenue reached 87% of pre-COVID levels. The Company achieved record Net New Business performance across lines of business, geographies, and client size—demonstrating the execution of our strategic growth initiatives, which we are confident will position Aramark to drive higher sustainable growth and create meaningful value for our stakeholders," said John Zillmer, Aramark's Chief Executive Officer...
Aramark Announces Food and Beverage Innovations as 2021 NFL Season Kicks Off
As fans return to stadiums across the country for the 2021 National Football League (NFL) season, Aramark, the award-winning food and beverage partner of 10 NFL teams, is introducing a variety of innovative service offerings, state-of-the-art ordering methods, and signature food and beverage items to enhance the game day experience.
“Aramark remains at the forefront of stadium innovation, and we’re thrilled to once again showcase our commitment to service and hospitality through an expansive roll-out of technology innovations that we have piloted..."
Dining Services Welcomes Students Back to Campus
As many college campuses look to reopen in full this fall for the first time since the pandemic began, Aramark joins in the celebration of our students’ resiliency. Upon campus return, students will find that campus dining has evolved over the past two years, offering healthier choices, continued commitment to sustainability, transparency in food sourcing, and an increased presence of local foods.
“The excitement of back-to-school is a little more intense this year,” said Jack Donovan, CEO and President of Aramark Higher Education. “Our goal is to exceed the expectations of our community by offering...
Aramark Reports Third Quarter Earnings
Aramark reported third quarter fiscal 2021 results.
“Our third quarter performance continues to reflect Aramark's strong competitive position and flexible business model as we help clients reopen within various stages of recovery, while also driving growth initiatives that resulted in meaningful new business wins and high levels of client retention," said John Zillmer, Aramark's Chief Executive Officer. "I am extremely proud of our team's dedication to serving clients and focusing on our growth agenda.”
THIRD QUARTER RESULTS
Consolidated revenue was $3.0 billion in the quarter, an increase of 39% year-over-year, that reflected increased levels of business activity compared to the prior year and lapping the first full quarter of...
Aramark Names Debbie Albert Senior Vice President, Corporate Communications
Debbie Albert has been named Aramark’s Senior Vice President, Corporate Communications, reporting to John Zillmer, Aramark CEO. In this role, Albert will lead the Corporate Communications function, delivering integrated communications programs to diverse audiences including clients, employees, and media, while supporting the executive team, business units and functional areas with communications counsel.“Debbie’s strategic thinking, work ethic, and understanding of our business will be a tremendous asset to the company, especially as we emerge from the pandemic and focus on growth,” said Zillmer. “As a former leader at Aramark, Debbie is well-known across the company and now brings...
Aramark to Acquire Next Level Hospitality
Aramark announced that it has signed an agreement to acquire Next Level Hospitality, a premier provider of culinary and environmental services in the senior living sector, specializing in skilled nursing and rehabilitation facilities.
Founded in 2017, Next Level serves hundreds of locations in the U.S., primarily in the East Coast, Midwest and Texas. The acquisition enables Aramark to partner with a business that is committed to creating exceptional experiences for its clients with the ability to leverage a scalable operating model.
“Next Level has built an impressive, fast-growing business that provides high quality services, led by a strong management team with a proven track record of execution,” stated Aramark’s CEO, John Zillmer. “This complementary acquisition extends...
Aramark Welcomes Fans Back to Sporting Events
As pro sports teams begin to welcome fans back, having fans in the stands for this season’s MLB Opening Day will take on added meaning for America’s Pastime. Whether it’s a ballpark, stadium or arena, Aramark, the leading food and beverage partner of major league sports teams, is meeting and exceeding the safety and hygiene standards required in today’s environment, while also improving the overall gameday dining experience, with new and proven solutions.
Innovative Solutions for Frictionless & Contactless Service
To create a safe, efficient and frictionless service experience for fans, Aramark’s continuous pipeline of testing and development of fan-friendly technology and innovative self-service concepts is proving to be a benefit for operating in today’s world and has paved the way for...
Aramark Launches Process to Refinance 2024 Debt Maturity
Aramark, a global leader in food, facilities management and uniforms, announced the launch of a process to refinance the Company’s 2024 Term Loan B credit facility of $833 million that would proactively extend the maturity to 2028. The transaction is intended to be net leverage neutral, while maintaining comparable fixed-to-floating debt levels.
Concurrently, Aramark initiated a process for a 3-year extension of both its Revolving Credit Facility and Term Loan A to 2026, further strengthening the Company’s financial flexibility. These transactions are anticipated to be...
Aramark Reports First Quarter Earnings
Aramark reported first quarter fiscal 2021 results.
"The resilience of our business through this dynamic period is rooted in the exceptional performance of our people on the front-lines, serving clients—many of which are essential businesses—across the globe," said John Zillmer, Aramark's Chief Executive Officer. "It has been remarkable to watch our team pull together in the face of such adversity, and I am proud of what we have been able to achieve as a result. Our ability to...
Aramark Nominates Bridgette Heller to Board of Directors
Aramark, a global leader in food, facilities management and uniforms, announced that Bridgette Heller has been nominated for election to the Company’s Board of Directors at its annual meeting of shareholders to be held on February 2, 2021.
A highly respected global business leader with 35 years of experience in food, health & wellness and consumer care, Heller most recently served as the President of Nutricia, the Specialized Nutrition Division of Danone.
During her tenure, Heller’s organization achieved industry-leading growth and profitability, while simultaneously championing diversity and inclusion. From 2010-2015, Heller served as...
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