Aramark (NYSE:ARMK) Q1 2023 Earnings Call Transcript

John Zillmer: Sure. I think we’ll see continued demand improvement in the Uniform sector, continue to see lots of opportunity to convert non-users, non-wearers to Uniform to weekly rental uniforms. And we continue to see very strong demand for ancillary services in both in the U.S. and Canada, both of those businesses grew at double-digit rates last year on the ancillary services side in the last quarter. So we anticipate that demand will continue to be strong and that we can achieve significant growth in those — in that sector, in that business. And I think further commentary at this point is probably left going forward to Kim as she begins to get ready to spin the business. There’ll be an opportunity for the — an Investor Day and Roadshow that will take place later this year, and she’ll be able to talk much more openly about the plans for the business going forward in the competitive environment as well.

Tom Ondrof: The one thing I’d add is on pricing. You asked about that is through the ABS system and just sort of the leadership and Kim’s approach to pricing, I think they have been more equipped and more aggressive with pricing than historical and have on the back of the energy increases over the last year or so, really worked very hard to get pricing into their clients, both appropriate through the energy surcharges but also just the base pricing and they feel like that is becoming fairly sticky. And again, with the ABS capability, they’re able to target that within their client base a little bit more calculated in specific.

Operator: Thank you. I will now turn the call back over to Mr. Zillmer for closing remarks.

John Zillmer: Again, thank you very much for joining us this morning. We really appreciate the support of the company and its operations. Again, thanks to the Aramark team around the world for all the hard work that they do. And again, my apologies for the technical difficulty in the middle of the call. Thank you very much, everybody.

Operator: Thank you for participating. This concludes today’s conference. You may now disconnect. Everyone, have a wonderful day.