UniFirst

UniFirst Corp. engages in the provision of workplace uniforms and protective work wear clothing. It operates through following segments: the United States and Canadian Rental and Cleaning, Manufacturing (MFG), Specialty Garments, First Aid, and Corporate. The U.S. and Canadian Rental and Cleaning segment purchases, rents, cleans, delivers, and sells uniforms, protective clothing, and non-garment items. The MFG segment designs and manufactures uniforms and non-garment items. The Specialty Garments segment is involved in nuclear and cleanroom applications and provides cleanroom cleaning services. The First Aid segment focuses on first aid cabinet services and other safety supplies. The Corporate segment includes distribution, sales and marketing, information systems, engineering, materials management, manufacturing planning, finance, budgeting, human resources, and other general and administrative costs and interest expense. The company was founded by Aldo Croatti in 1936 and is headquartered in Wilmington, MA.

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UniFirst reports robust Q1 earnings, eyes growth amid challenges

UniFirst's Q1 performance reflects strong revenue growth across key segments, supported by strategic initiatives and a solid financial foundation.
While facing challenges such as cost pressures and economic uncertainties, the company's outlook remains positive with a focus on sustainable growth and profitability.
Opportunities for UniFirst include market expansion, operational enhancements, and strategic initiatives to drive future growth and strengthen competitive advantages.

UniFirst reports strong Q2 earnings, eyes tech-driven growth opportunities

UniFirst's Q2 2023 performance reflects solid revenue growth and margin improvements, driven by strategic initiatives and acquisitions. While facing challenges in certain segments, the company remains focused on technology-driven growth opportunities and operational enhancements.

UniFirst reports revenue growth but faces profit challenges in Q3

UniFirst's Q3 2023 performance showed revenue growth but faced profit challenges due to increased expenses. The company is leveraging its strengths in specialty garments and acquisitions while addressing challenges from cost pressures. UniFirst aims to capitalize on technology and segment reporting for future opportunities.

UniFirst Corporation beats Q4 expectations, eyes margin improvement in 2024

UniFirst's Q4 2023 results exceeded expectations, driven by strong revenue growth and operational improvements. The company's strategic acquisitions and focus on margin enhancement position it well for continued success in fiscal '24, despite challenges in certain segments.

UniFirst reports robust Q1 earnings, eyes strategic acquisitions for growth

UniFirst's Q1 performance showcased solid revenue and profit growth, with a focus on margin improvement and strategic acquisitions. Despite challenges in certain segments, the company remains well-positioned for growth in fiscal 2024.

UniFirst impresses with strong Q2 results and growth strategies

UniFirst Corporation reported robust Q2 2024 results with revenue, net income, and EBITDA showing significant increases. The company's focus on sales growth, customer service enhancement, and cost efficiencies underpin its strong performance. Challenges lie in managing pricing pressures, margin expansion, and operational implementations, while opportunities exist in organic growth and technology utilization.

UniFirst Q3 2024: Strong Revenue and Earnings Growth

UniFirst's Q3 2024 results showcased significant financial improvements with a strong increase in revenues, operating income, and net income. The company is making strategic investments to enhance its service offerings and operational capabilities, despite facing some segment-specific challenges and a competitive market environment. Updated full-year revenue guidance suggests continued confidence in the company's performance trajectory.

UniFirst (UNF) exceeds Q4 expectations, eyes growth amid challenges

UniFirst delivered robust financial performance in Q4 2024, driven by strong revenue growth and operational improvements.
While facing challenges such as moderating organic growth and significant ERP project costs, UniFirst remains focused on leveraging strengths and seizing growth opportunities.
The outlook for fiscal 2025 indicates a strategic approach to navigating challenges and capitalizing on opportunities for sustainable growth and operational excellence.

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WILMINGTON, Mass., May 10, 2024 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE: UNF) today announced that Steven S. Sintros, President and Chief Executive Officer and Shane F. O'Connor, Executive Vice President and Chief Financial Officer, will participate in the Baird 2024 Global Consumer, Technology & Services Conference on June 6, 2024 with a featured presentation at 2:00pm Eastern Time. The conference is being held at the InterContinental New York Barclay at 111 East 48th Street in New York City. They will discuss UniFirst's business highlights as well as information concerning recent business trends.

UniFirst to Participate in Upcoming Investor Conference

Innovative industrial laundry facility poised to efficiently serve metro Detroit area businesses WILMINGTON, Mass. , April 29, 2024 /PRNewswire/ -- UniFirst Corporation (NYSE:UNF), a North American leader in providing customized business uniform programs, facility service products and first aid and safety services, is hosting a ribbon-cutting event on Friday, May 3, 2024, at 11 a.m.

UniFirst to hold ribbon cutting ceremony for new high-tech uniform service and processing facility in Taylor, Michigan

UniFirst Corporation is receiving attention from investors due to its implementation of ERP and CRM systems, which is expected to lead to net income growth. The company offers a wide range of cleaning services, including the manufacture and distribution of safety clothing. UniFirst has reported significant growth in several areas, including operating income and CFO, and analysts have increased their EPS expectations for the company.

UniFirst's New ERP, And M&A Improved Dividend Growth Expectations

WILMINGTON, Mass. , April 22, 2024 /PRNewswire/ -- UniFirst Corporation  (NYSE: UNF), a North American leader in providing customized business uniform programs, facility service products and first aid and safety services, partnered with HOLT Renewables to finalize three rooftop solar power systems at UniFirst industrial laundry facilities in Austin and San Antonio, Texas, and Stockton, California.

UniFirst completes rooftop solar panel projects to advance Companywide conservation and sustainability goals

WILMINGTON, Mass. , April 2, 2024 /PRNewswire/ -- UniFirst Corporation  (NYSE:UNF), a North American leader in providing customized business uniform programs, facility service products and first aid and safety services, in partnership with 14-time NASCAR Cup Series champions Hendrick Motorsports, are set to make a bold statement at Martinsville Speedway on April 7.

No. 9 UniFirst Chevy to sport ruby red scheme at Martinsville Raceway for Hendrick Motorsports' 40th Anniversary

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Resilient labor markets, foresightful management, and capital returns drive long-term gains for investors in Cintas NASDAQ: CTAS and UniFirst NYSE: UNF; the only question is which is the better buy. The answer depends on numerous factors, including risk tolerance and timeframe.

Cintas or UniFirst: Investors Win Either Way

UniFirst Corporation (UNF) Q2 2024 Earnings Call Transcript

The headline numbers for Unifirst (UNF) give insight into how the company performed in the quarter ended February 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Here's What Key Metrics Tell Us About Unifirst (UNF) Q2 Earnings

UniFirst (UNF) came out with quarterly earnings of $1.22 per share, missing the Zacks Consensus Estimate of $1.41 per share. This compares to earnings of $0.95 per share a year ago.

UniFirst (UNF) Q2 Earnings Miss Estimates

WILMINGTON, Mass., March 27, 2024 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE: UNF) (the “Company,” “UniFirst” or “we”) today reported results for its second quarter ended February 24, 2024 as compared to the corresponding period in the prior fiscal year:

UniFirst Announces Financial Results for the Second Quarter of Fiscal 2024

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WILMINGTON, Mass., March 08, 2024 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE: UNF) will report its Fiscal 2024 second quarter results on March 27, 2024 before the market opens. The Company will also hold a conference call at 9:00 a.m. Eastern Time on March 27, 2024 to discuss its quarterly financial results, business highlights and outlook. In addition, the Company may answer one or more questions concerning business and financial developments and trends, the Company's view on earnings forecasts and other business and financial matters affecting the Company, some of the responses to which may contain information that has not been previously disclosed.

UniFirst Corporation Plans to Announce Second Quarter Results on March 27, 2024

I believe UNF is a buy due to expected continued growth, margin expansion, and completion of CRM deployment. UNF is the 3rd largest player in the industry. The industry's oligopoly structure and long-term contracts provide a rational pricing environment and high customer retention rates.

UniFirst: Expect It To Scale Further And Improve Margins

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UniFirst (UNF) came out with quarterly earnings of $2.38 per share, beating the Zacks Consensus Estimate of $2.33 per share. This compares to earnings of $2.21 per share a year ago.

UniFirst (UNF) Beats Q1 Earnings Estimates (Revised)

UniFirst NYSE: UNF had a decent first quarter but provided weak guidance, sending shares down nearly 10%. As bad as the move sounds, it's a knee-jerk reaction in a stock whose future is bright.

UniFirst stock falls into the buy zone

UniFirst Corporation (UNF) Q1 2024 Earnings Call Transcript

UniFirst (UNF) came out with quarterly earnings of $2.26 per share, missing the Zacks Consensus Estimate of $2.33 per share. This compares to earnings of $2.21 per share a year ago.

UniFirst (UNF) Misses Q1 Earnings Estimates

The headline numbers for UniFirst (UNF) give insight into how the company performed in the quarter ended November 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

UniFirst (UNF) Reports Q1 Earnings: What Key Metrics Have to Say

WILMINGTON, Mass., Jan. 03, 2024 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE: UNF) (the “Company,” “UniFirst” or “we”) today reported results for its first quarter ended November 25, 2023 as compared to the corresponding period in the prior fiscal year:

UniFirst Announces Financial Results for the First Quarter of Fiscal 2024

Besides Wall Street's top -and-bottom-line estimates for UniFirst (UNF), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended November 2023.

Unveiling UniFirst (UNF) Q1 Outlook: Wall Street Estimates for Key Metrics

WILMINGTON, Mass., Dec. 11, 2023 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE: UNF) will report its Fiscal 2024 first quarter results on January 3, 2024 before the market opens. The Company will also hold a conference call at 9:00 a.m. Eastern Time on January 3, 2024 to discuss its quarterly financial results, business highlights and outlook. In addition, the Company may answer one or more questions concerning business and financial developments and trends, the Company's view on earnings forecasts and other business and financial matters affecting the Company, some of the responses to which may contain information that has not been previously disclosed.

UniFirst Corporation Plans to Announce First Quarter Results on January 3, 2024

WILMINGTON, Mass. , Dec. 5, 2023 /PRNewswire/ -- UniFirst Corporation  (NYSE:UNF), a North American leader in providing customized business uniform programs, facility service products, and first aid and safety services, is proud to announce the recipients of the company's prestigious Aldo Croatti Award for 2023.

UniFirst Announces 2023 Aldo Croatti Award Winners for Excellence in Customer Service

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WILMINGTON, Mass., Oct. 24, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of UniFirst Corporation (NYSE:UNF) today declared increased quarterly cash dividends of $0.330 per share (33.0 cents) on the Company's Common Stock and $0.264 per share (26.4 cents) on the Company's Class B Common Stock. Both dividends are payable on January 4, 2024 to shareholders of record on December 7, 2023.

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