Market Summary
USD37.42+0.08
Market Closed0.21%
ARMK Alerts
ARMK Stock Price
ARMK RSI Chart
ARMK Valuation
ARMK Price/Sales (Trailing)
ARMK Profitability
ARMK Fundamentals
ARMK Revenue
ARMK Earnings
Price Action
52 Week Range
30.6445.72
(Low)(High)
Last 7 days
2.1%
Last 30 days
2.0%
Last 90 days
-7.5%
Trailing 12 Months
0.0%
ARMK Financial Health
ARMK Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for ARMK
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-09-04 | ZILLMER JOHN J | sold (taxes) | -848,200 | 38.19 | -22,210 | chief executive officer |
2023-09-04 | Schilling Christopher T. | sold (taxes) | -10,349 | 38.19 | -271 | svp, controller and cao |
2023-09-04 | Harrington Lauren A | sold (taxes) | -153,944 | 38.19 | -4,031 | svp and general counsel |
2023-09-04 | Bruno Marc A | sold (taxes) | -120,986 | 38.19 | -3,168 | coo, u.s. food & facilities |
2023-09-04 | Ondrof Thomas Gerard | sold (taxes) | -153,906 | 38.19 | -4,030 | executive vp and cfo |
2023-09-01 | Charpentier Abigail | sold (taxes) | -22,308 | 37.18 | -600 | svp & chief hr officer |
2023-08-29 | WINKLEBLACK ARTHUR B | acquired | - | - | 12.216 | - |
2023-08-29 | SADOVE STEPHEN I | acquired | - | - | 130 | - |
2023-08-29 | King Karen Marie | acquired | - | - | 25.371 | - |
2023-08-29 | Ondrof Thomas Gerard | acquired | - | - | 93.406 | director |
Which funds bought or sold ARMK recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-12 | Farther Finance Advisors, LLC | unchanged | - | 109 | 646 | -% |
2023-08-23 | WOLVERINE TRADING, LLC | reduced | -6.1 | 782,310 | 6,397,310 | 0.01% |
2023-08-22 | Asset Dedication, LLC | unchanged | - | 1,000 | 6,000 | -% |
2023-08-22 | COMERICA BANK | sold off | - | - | - | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -5.62 | 1,925,860 | 16,201,000 | 0.02% |
2023-08-21 | OSAIC HOLDINGS, INC. | reduced | -7.71 | 8,918 | 90,326 | -% |
2023-08-21 | BOKF, NA | reduced | -27.19 | -2,081 | 14,637 | -% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | added | 129 | 1,264,000 | 1,984,000 | 0.02% |
2023-08-16 | Neo Ivy Capital Management | new | - | 500,000 | 500,000 | 0.26% |
2023-08-16 | Nuveen Asset Management, LLC | reduced | -29.2 | -4,467,030 | 25,580,000 | 0.01% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
ARMK Alerts
Schedule 13G FIlings of Aramark
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Aug 10, 2023 | mantle ridge lp | 4.8% | 12,660,895 | SC 13D/A | |
| Aug 01, 2023 | mantle ridge lp | 9.9% | 25,683,393 | SC 13D/A | |
| May 26, 2023 | mantle ridge lp | 9.9% | 25,683,393 | SC 13D/A | |
| Feb 14, 2023 | rbc capital markets, llc | 6.58% | 17,001,405 | SC 13G/A | |
| Feb 14, 2023 | nomura holdings inc | 1.9% | 5,010,735 | SC 13G/A | |
| Feb 13, 2023 | capital international investors | 10.9% | 28,073,452 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 9.40% | 24,287,684 | SC 13G/A | |
| Feb 08, 2023 | morgan stanley | 4.9% | 12,637,750 | SC 13G/A | |
| Feb 03, 2023 | farallon capital partners, l.p. | 0.2% | 586,065 | SC 13G/A | |
| Aug 16, 2022 | mantle ridge lp | 9.97% | 25,683,393 | SC 13D/A |
Recent SEC filings of Aramark
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 15, 2023 | 8-K | Current Report | |
| Sep 15, 2023 | 8-K | Current Report | |
| Sep 08, 2023 | 3 | Insider Trading | |
| Sep 06, 2023 | 4 | Insider Trading | |
| Sep 06, 2023 | 4 | Insider Trading | |
| Sep 06, 2023 | 4 | Insider Trading | |
| Sep 06, 2023 | 4 | Insider Trading | |
| Sep 06, 2023 | 4 | Insider Trading | |
| Sep 06, 2023 | 4 | Insider Trading | |
| Aug 30, 2023 | 4 | Insider Trading |
Peers (Alternatives to Aramark)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
MCD | 202.9B | 24.2B | -1.28% | 9.46% | 25.37 | 8.39 | 2.54% | 31.52% |
SBUX | 109.2B | 35.0B | -2.00% | 5.14% | 28.86 | 3.12 | 9.48% | -9.22% |
CMG | 53.1B | 9.3B | 4.08% | 12.87% | 47.68 | 5.72 | 13.96% | 47.37% |
YUM | 39.0B | 7.0B | -1.82% | 9.63% | 31.81 | 5.62 | 4.67% | -4.12% |
DRI | 18.1B | 10.5B | -5.53% | 14.00% | 18.46 | 1.73 | 8.91% | 3.05% |
| MID-CAP | ||||||||
ARMK | 9.8B | 18.3B | 1.96% | -0.05% | 17.94 | 0.53 | 18.44% | 253.28% |
TXRH | 6.7B | 4.3B | -4.48% | 10.16% | 22.98 | 1.54 | 15.14% | 14.83% |
WING | 5.2B | 413.4M | 4.63% | 28.26% | 82.92 | 12.6 | 38.83% | 56.37% |
WEN | 4.3B | 2.2B | -1.11% | 1.95% | 22.41 | 1.98 | 9.62% | 6.94% |
SHAK | 2.4B | 991.4M | -12.08% | 20.49% | -328.05 | 2.42 | 19.26% | 68.50% |
| SMALL-CAP | ||||||||
PLAY | 1.6B | 2.2B | -8.95% | 0.86% | 11.19 | 0.72 | 38.20% | -10.10% |
RUTH | 690.3M | 516.6M | 0.51% | 24.04% | 17.45 | 1.34 | 10.39% | -9.21% |
CHUY | 641.3M | 442.3M | -5.17% | 51.34% | 24.27 | 1.45 | 7.34% | 4.10% |
BJRI | 605.3M | 1.3B | -14.92% | -8.15% | 34.14 | 0.45 | 12.03% | 449.26% |
DENN | 494.7M | 472.7M | -9.57% | -13.49% | 12.69 | 1.05 | 10.04% | -61.24% |
Aramark News
Returns for ARMK
Cumulative Returns on ARMK
1.1%
7-Year Cumulative Returns
-1.7%
5-Year Cumulative Returns
12.3%
3-Year Cumulative Returns
Risks for ARMK
What is the probability of a big loss on ARMK?
84.6%
Probability that Aramark stock will be more than 20% underwater in next one year
40.8%
Probability that Aramark stock will be more than 30% underwater in next one year.
19.6%
Probability that Aramark stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does ARMK drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Aramark was unfortunately bought at previous high price.
Drawdowns
Financials for Aramark
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 3.5% | 18,343 | 17,721 | 16,979 | 16,327 | 15,488 | 14,341 | 13,300 | 12,096 | 11,237 | 10,408 | 11,320 | 12,830 | 14,089 | 15,947 | 16,216 | 16,227 | 16,190 | 16,151 | 16,090 | 15,790 | 15,530 |
| Cost Of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 14,738 | 14,630 | 14,513 | 14,445 | 14,368 | 13,998 | 13,843 |
| Costs and Expenses | 3.3% | 17,559 | 16,993 | 16,292 | 15,698 | 14,925 | 13,852 | 12,948 | 11,905 | 11,272 | 10,845 | 11,859 | 13,094 | 14,053 | 15,396 | 15,528 | 15,336 | 15,135 | 15,188 | 15,124 | 14,971 | 15,318 |
| S&GA Expenses | -0.8% | 405 | 409 | 400 | 398 | 382 | 368 | 358 | 347 | 342 | 324 | 314 | 307 | 321 | 333 | 346 | 367 | 365 | 389 | 389 | 377 | 358 |
| EBITDA | -100.0% | - | 1,244 | 1,214 | - | 1,080 | 1,122 | 982 | 832 | 612 | 135 | 51.00 | 337 | 624 | 1,146 | 1,390 | 1,502 | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.07* | 0.07* | - | 0.07* | 0.08* | 0.07* | 0.07* | 0.05* | 0.01* | 0.00* | 0.03* | 0.04* | 0.07* | 0.09* | 0.09* | - | - | - | - | - |
| Interest Expenses | 12.0% | 430 | 384 | 374 | - | 345 | 368 | 366 | - | 385 | 349 | 365 | - | 340 | 330 | 341 | - | 331 | 346 | 318 | - | 304 |
| Earnings Before Taxes | 127.2% | 733 | 322 | 307 | 256 | 195 | 178 | 35.00 | -132 | -375 | -836 | -943 | -647 | -324 | 204 | 440 | 556 | 626 | 616 | 620 | 472 | 437 |
| EBT Margin | -100.0% | - | 0.02* | 0.02* | 0.02* | 0.01* | 0.01* | 0.00* | -0.01* | -0.03* | -0.08* | -0.08* | -0.05* | -0.02* | 0.01* | 0.03* | - | - | - | - | - | - |
| Net Income | 121.0% | 544 | 246 | 226 | 194 | 154 | 146 | 33.00 | -90.83 | -274 | -563 | -688 | -461 | -227 | 112 | 344 | 449 | 538 | 528 | 526 | 568 | 506 |
| Net Income Margin | -100.0% | - | 0.01* | 0.01* | 0.01* | 0.01* | 0.01* | 0.00* | -0.01* | -0.02* | -0.05* | -0.06* | -0.04* | -0.02* | 0.01* | 0.02* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 530 | 591 | 694 | 281 | 307 | 269 | 657 | 485 | 490 | 371 | 177 | 701 | 804 | 882 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | -0.4% | 15,398 | 15,456 | 15,291 | 15,082 | 14,989 | 14,662 | 14,466 | 14,376 | 14,050 | 14,488 | 14,506 | 15,713 | 15,622 | 14,847 | 14,273 | 13,736 | 13,730 | 13,711 | 13,739 | 13,720 | 13,666 |
| Current Assets | 3.6% | 3,726 | 3,597 | 3,435 | 3,292 | 3,198 | 3,073 | 2,911 | 2,899 | 2,621 | 3,507 | 3,416 | 4,676 | 4,557 | 3,656 | 2,829 | 2,658 | 2,642 | 2,631 | 2,650 | 2,901 | 2,910 |
| Cash Equivalents | 32.9% | 402 | 303 | 305 | 329 | 439 | 429 | 415 | 533 | 483 | 1,400 | 1,166 | 2,509 | 2,417 | 1,203 | 265 | 247 | 220 | 195 | 250 | 215 | 166 |
| Inventory | -2.7% | 593 | 610 | 570 | 552 | 515 | 436 | 393 | 413 | 403 | 424 | 427 | 436 | 427 | 404 | 398 | 411 | 393 | 400 | 371 | 725 | 705 |
| Net PPE | 1.1% | 2,037 | 2,015 | 2,032 | 2,032 | 2,017 | 2,007 | 2,013 | 2,038 | 2,002 | 2,000 | 2,029 | 2,051 | 2,066 | 2,129 | 2,158 | 2,182 | 2,144 | 2,143 | 2,153 | 1,378 | 1,321 |
| Goodwill | 0.2% | 5,594 | 5,582 | 5,554 | 5,515 | 5,551 | 5,505 | 5,507 | 5,487 | 5,495 | 5,366 | 5,369 | 5,344 | 5,325 | 5,320 | 5,537 | 5,519 | 5,526 | 5,523 | 5,509 | 5,611 | 5,606 |
| Current Liabilities | -3.1% | 2,876 | 2,968 | 2,684 | 3,286 | 2,560 | 2,700 | 2,371 | 2,857 | 2,342 | 2,397 | 2,277 | 2,347 | 2,119 | 2,298 | 2,297 | 2,705 | 2,159 | 2,311 | 2,197 | 2,490 | 2,143 |
| Long Term Debt | -4.7% | 7,536 | 7,907 | 8,056 | 7,346 | 8,085 | 7,727 | 7,982 | 7,393 | 7,592 | 8,106 | 8,111 | 9,179 | 9,170 | 7,863 | 7,088 | 6,612 | 7,199 | 7,134 | 7,324 | 7,213 | 7,788 |
| Shareholder's Equity | 11.6% | 3,551 | 3,183 | 3,143 | 3,030 | 2,915 | 2,904 | 2,784 | 2,723 | 2,686 | 2,624 | 2,677 | 2,736 | 2,895 | 3,169 | 3,452 | 3,320 | 3,286 | 3,234 | 3,218 | 3,030 | 2,846 |
| Retained Earnings | 64.9% | 787 | 478 | 450 | 407 | 359 | 347 | 340 | 328 | 320 | 316 | 421 | 532 | 709 | 993 | 1,223 | 1,107 | 1,049 | 993 | 990 | 711 | 561 |
| Additional Paid-In Capital | 0.8% | 3,799 | 3,767 | 3,740 | 3,682 | 3,643 | 3,607 | 3,572 | 3,533 | 3,506 | 3,482 | 3,445 | 3,416 | 3,400 | 3,385 | 3,311 | 3,236 | 3,208 | 3,181 | 3,154 | 3,132 | 3,105 |
| Accumulated Depreciation | - | - | - | - | 3,485 | - | - | - | 3,301 | - | - | - | 3,063 | - | - | - | 2,759 | - | - | - | 1,820 | - |
| Shares Outstanding | 0.2% | 261 | 261 | 260 | 259 | 258 | 257 | 256 | 256 | 255 | 255 | 254 | 253 | 253 | 252 | 249 | 248 | 247 | 246 | 247 | 247 | 246 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 6.9% | 566 | 530 | 591 | 694 | 281 | 307 | 269 | 657 | 485 | 490 | 371 | 177 | 701 | 804 | 878 | 984 | 1,115 | 1,119 | 1,160 | 1,052 | 749 |
| Share Based Compensation | -3.6% | 89.00 | 93.00 | 95.00 | 95.00 | 90.00 | 84.00 | 77.00 | 71.00 | 68.00 | 61.00 | 35.00 | 30.00 | 22.00 | 26.00 | 51.00 | 55.00 | 68.00 | 88.00 | 90.00 | 88.00 | 83.00 |
| Cashflow From Investing | 112.0% | 92.00 | -767 | -737 | -831 | -772 | -748 | -721 | -634 | -612 | -340 | -364 | -361 | -411 | -464 | -491 | -209 | -242 | -330 | -1,228 | -2,865 | -2,896 |
| Cashflow From Financing | -669.1% | -693 | 122 | 53.00 | -37.69 | 465 | -523 | -292 | -2,005 | -1,825 | 29.00 | 878 | 2,438 | 1,912 | 674 | -371 | -734 | -814 | -768 | 141 | 1,794 | 2,163 |
| Dividend Payments | 0.3% | 114 | 114 | 113 | 113 | 113 | 113 | 112 | 112 | 112 | 112 | 111 | 111 | 110 | 109 | 109 | 108 | 107 | 106 | 105 | 103 | 103 |
| Buy Backs | 11.8% | 28.00 | 25.00 | 23.00 | - | 9.00 | 9.00 | 11.00 | - | 15.00 | 14.00 | 29.00 | 7.00 | 99.00 | 98.00 | 80.00 | 50.00 | 50.00 | 50.00 | 50.00 | 24.00 | 24.00 |
ARMK Income Statement
2023-06-30Condensed Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jul. 01, 2022 | Jun. 30, 2023 | Jul. 01, 2022 | |
| Income Statement [Abstract] | ||||
| Revenue | $ 4,749,209 | $ 4,127,378 | $ 13,952,292 | $ 11,936,167 |
| Costs and Expenses: | ||||
| Cost of services provided (exclusive of depreciation and amortization) | 4,314,710 | 3,747,828 | 12,656,205 | 10,810,111 |
| Depreciation and amortization | 135,522 | 132,975 | 408,795 | 400,778 |
| Selling and general corporate expenses | 95,595 | 98,689 | 302,281 | 295,154 |
| Costs and Expenses | 4,545,827 | 3,979,492 | 13,367,281 | 11,506,043 |
| Operating income | 203,382 | 147,886 | 585,011 | 430,124 |
| Gain on Sale of Equity Investments, net | (375,972) | 0 | (375,972) | 0 |
| Interest and Other Financing Costs, net | 112,747 | 91,466 | 328,113 | 274,168 |
| Income Before Income Taxes | 466,607 | 56,420 | 632,870 | 155,956 |
| Provision for Income Taxes | 128,052 | 15,939 | 164,782 | 37,223 |
| Net income | 338,555 | 40,481 | 468,088 | 118,733 |
| Less: Net (loss) income attributable to noncontrolling interests | 71 | 152 | (588) | 45 |
| Net income attributable to Aramark stockholders | $ 338,484 | $ 40,329 | $ 468,676 | $ 118,688 |
| Earnings per share attributable to Aramark stockholders: | ||||
| Basic (in dollars per share) | $ 1.30 | $ 0.16 | $ 1.80 | $ 0.46 |
| Diluted (in dollars per share) | $ 1.29 | $ 0.16 | $ 1.79 | $ 0.46 |
| Weighted Average Shares Outstanding: | ||||
| Basic (in shares) | 260,922 | 257,564 | 260,349 | 257,044 |
| Diluted (in shares) | 262,747 | 259,219 | 262,267 | 258,682 |
ARMK Balance Sheet
2023-06-30Condensed Consolidated Balance Sheets - USD ($) $ in Thousands | Jun. 30, 2023 | Sep. 30, 2022 |
|---|---|---|
| Current Assets: | ||
| Cash and cash equivalents | $ 402,414 | $ 329,452 |
| Receivables (less allowances: $63,930 and $56,388) | 2,405,890 | 2,147,957 |
| Inventories | 593,168 | 552,386 |
| Prepayments and other current assets | 324,405 | 262,195 |
| Total current assets | 3,725,877 | 3,291,990 |
| Property and Equipment, net | 2,037,168 | 2,032,045 |
| Goodwill | 5,594,340 | 5,515,124 |
| Other Intangible Assets | 2,081,966 | 2,113,726 |
| Operating Lease Right-of-use Assets | 645,084 | 592,145 |
| Other Assets | 1,313,065 | 1,537,406 |
| ASSETS | 15,397,500 | 15,082,436 |
| Current Liabilities: | ||
| Current maturities of long-term borrowings | 110,602 | 65,047 |
| Current operating lease liabilities | 69,995 | 68,858 |
| Accounts payable | 1,048,605 | 1,322,936 |
| Accrued expenses and other current liabilities | 1,646,756 | 1,829,045 |
| Total current liabilities | 2,875,958 | 3,285,886 |
| Long-Term Borrowings | 7,535,750 | 7,345,860 |
| Noncurrent Operating Lease Liabilities | 304,374 | 305,623 |
| Deferred Income Taxes and Other Noncurrent Liabilities | 1,121,984 | 1,106,587 |
| Commitments and Contingencies (see Note 11) | ||
| Redeemable Noncontrolling Interests | 8,165 | 8,840 |
| Stockholders' Equity: | ||
| Common stock, par value $0.01 (authorized: 600,000,000 shares; issued: 300,329,546 shares and 297,555,924 shares; and outstanding: 260,970,287 shares and 258,728,942 shares) | 3,003 | 2,976 |
| Capital surplus | 3,798,598 | 3,681,966 |
| Retained earnings | 787,442 | 406,784 |
| Accumulated other comprehensive loss | (66,108) | (111,571) |
| Treasury stock (shares held in treasury: 39,359,259 shares and 38,826,982 shares) | (971,666) | (950,515) |
| Total stockholders' equity | 3,551,269 | 3,029,640 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | $ 15,397,500 | $ 15,082,436 |
Aramark provides food, facilities, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through three segments: Food and Support Services United States, Food and Support Services International, and Uniform and Career Apparel. The company offers food-related managed services, including dining, catering, food service management, and convenience-oriented retail services; non-clinical support services, such as patient food and nutrition, retail food, and procurement services; and plant operations and maintenance, custodial/housekeeping, energy management, grounds keeping, and capital project management services. It also provides on-site restaurants, catering, convenience stores, and executive dining services; beverage and vending services; and facility management services comprising landscaping, transportation, payment, and other facility consulting services relating to building operations. In addition, the company offers concessions, banquet, and catering services; retail services and merchandise sale, recreational, and lodging services; and facility management services at sports, entertainment, and recreational facilities. Further, the company offers correctional food; and operates commissaries, laundry facilities, and property rooms. Additionally, it provides design, sourcing and manufacturing, delivery, cleaning, maintenance, and marketing services for uniforms and accessories; provides managed restroom services; and rents uniforms, work clothing, outerwear, particulate-free garments, and non-garment items and related services that include mats, shop towels, and first aid supplies. The company was formerly known as ARAMARK Holdings Corporation and changed its name to Aramark in May 2014. Aramark was founded in 1959 and is based in Philadelphia, Pennsylvania.