Unifirst Corp - UNF STOCK NEWS

UniFirst Corporation (NYSE: UNF) released its 2021 Corporate Social Responsibility (CSR) Report, detailing advancements in sustainability, diversity, and community initiatives. The report highlights the company's ethical governance and financial transparency as part of its ongoing commitment to corporate responsibility. Notably, UniFirst earned a spot on Barron's 100 Most Sustainable Companies list for the third consecutive year and received an ABA Stevie Award for Most Valuable COVID-19 Corporate Response. This reflects the company's strong financial standing and proactive approach during the pandemic.

UniFirst Corporation (NYSE: UNF) has launched the Bulwark iQ Series, a line of flame-resistant (FR) workwear aimed at enhancing comfort and safety for workers in high-risk environments. This innovative apparel features lightweight, breathable fabrics that meet NFPA Category 2 standards, addressing common complaints of traditional FR garments. The iQ Series includes work shirts, pants, and coveralls with advanced visibility and protection features. Available through UniFirst's rental services, this line represents a significant development in protective clothing for industries exposed to flame hazards.

UniFirst Corporation (NYSE: UNF) is set to sponsor the No. 9 Chevrolet Camaro ZL1 1LE, driven by NASCAR's 2020 Cup Series champion Chase Elliott, at the Buschy McBusch Race 400 on May 2, 2021, in Kansas. This marks the second appearance of the UniFirst Chevrolet for the 2021 season, following a successful debut in March where Elliott finished fifth. The partnership, now in its fifth year, highlights UniFirst's ongoing commitment to motorsports as well as its role as the Official Workwear Provider of Hendrick Motorsports.

UniFirst Corporation (NYSE:UNF) announced a quarterly cash dividend of $0.25 per share on its Common Stock and $0.20 per share on its Class B Common Stock. These dividends will be paid on June 29, 2021, to shareholders on record as of June 8, 2021. The company, based in Wilmington, Mass., is a leader in uniform and workwear services, outfitting over 2 million workers daily through its extensive network and 14,000 employees.

UniFirst Corporation (NYSE: UNF) reported a revenue decline of 3.2% to $449.8 million for Q2 2021, impacted by COVID-19 and severe winter storms in Texas. Operating income fell 7.8% to $40.7 million, and net income decreased 6.0% to $32.6 million. Diluted EPS dropped from $1.82 to $1.71. Core laundry operations saw a 3.4% revenue decline to $398.2 million, while specialty garments revenues decreased 2.1% to $35.2 million. The company maintains a strong balance sheet with no long-term debt and $509.6 million in cash. Guidance for FY 2021 projects revenues between $1.793 billion and $1.803 billion.

UniFirst Corporation (NYSE: UNF) will announce its Fiscal 2021 second quarter results on March 31, 2021, before market opening. A conference call led by the company will occur at 9:00 a.m. ET on the same day. This call aims to discuss financial outcomes, business highlights, and future outlook. Participants may also address queries about financial trends and forecasts, which might include previously undisclosed information.

Investors can access a live webcast of the call via the company’s investor relations page.

UniFirst Corporation (NYSE: UNF) partners with Hendrick Motorsports to introduce a redesigned No. 9 Chevrolet Camaro ZL1 1LE, driven by 2020 Cup Series Champion Chase Elliott, debuting on March 14, 2021. The new design prominently features UniFirst's signature green color, aiming to enhance visibility on the track. Elliott, who had a successful 2020 season with five wins, is currently fourth in the 2021 Cup Series standings. This marks the fifth year of UniFirst’s partnership with Hendrick Motorsports, highlighting its role as the official workwear provider.