Unifirst Stock Price, News & Analysis

UniFirst Corporation reported its Q1 2023 financial results, showing a 11.4% increase in revenues to $541.8 million. However, operating income decreased by 3.1% to $43.4 million. Net income rose slightly to $34.0 million, with diluted EPS up 2.3% to $1.81. Excluding costs related to key initiatives, adjusted earnings per share increased by 10.5% to $2.21. Despite challenges in operating margins, particularly within Core Laundry Operations, Specialty Garments segment showed a strong performance. The company maintains a revenue outlook for FY 2023 between $2.145 billion and $2.160 billion.

UniFirst Corporation (NYSE: UNF) plans to announce its Fiscal 2023 first quarter results on January 4, 2023, before market opening. A conference call will follow at 9:00 a.m. Eastern Time on the same day to discuss financial results and business outlook. The company, a leader in uniform and workwear supply, operates over 260 service locations and serves more than 300,000 customers daily. This call may include previously undisclosed information regarding earnings forecasts and financial developments.

UniFirst Corporation (NYSE: UNF) has announced an increase in its quarterly cash dividends, declaring $0.310 per share on Common Stock and $0.248 per share on Class B Common Stock. Both dividends will be payable on January 4, 2023, to shareholders of record by December 7, 2022. As a leader in uniform and workwear services across North America, UniFirst also provides facility services, first aid products, and specialized garment programs, serving over 2 million workers daily from its 260 service locations and 300,000 customer sites.

UniFirst Corporation (NYSE: UNF) unveiled the Spotlite MV visibility workwear collection on October 25, 2022. This innovative line is tailored for active workers, featuring garments that improve mobility and comfort while enhancing visibility. Spotlite MV includes various styles for men and women, equipped with unique reflective striping and breathable, moisture-wicking fabric. Designed for industries like transportation and warehousing, the collection caters to a previously underserved market. With over 300,000 customer locations serviced daily, UniFirst emphasizes quality and style in uniform offerings.

UniFirst Corporation (NYSE: UNF) reported a strong Q4 2022, with revenues rising 11.0% to $516.4 million. However, operating income fell 26.0% to $33.3 million, and net income decreased to $26.2 million, down 24.4%. For the full fiscal year, revenues reached $2.001 billion, a 9.6% increase, but net income dropped 31.6% to $103.4 million. Despite challenges, the company anticipates fiscal 2023 revenues between $2.145 billion and $2.160 billion, with adjusted EPS projected at $7.10 to $7.50, reflecting ongoing investment in key initiatives.

UniFirst Corporation (NYSE: UNF) is set to report its Fiscal 2022 fourth quarter results on October 19, 2022, before the market opens. A conference call will take place at 9:00 a.m. Eastern Time on the same day to discuss financial results and business outlook. The company serves as a leader in uniform and workwear programs across North America, supporting over 2 million workers daily. With over 260 service locations and a significant customer base, UniFirst focuses on providing comprehensive facility and safety service programs.

UniFirst Corporation (NYSE: UNF) has announced a multi-year partnership as an Official Partner and Uniform Supplier for the Pittsburgh Steelers. This collaboration includes promotional activities like in-stadium signage and radio broadcasts. UniFirst’s rebranded delivery trucks will highlight this partnership in the Greater Pittsburgh area. The company, servicing over two million workers daily across the U.S. and Canada, aims to enhance brand visibility through this initiative, which aligns with its ongoing brand evolution efforts.

UniFirst Corporation (NYSE: UNF) has partnered with the Detroit Lions as their Official Uniform Supplier, enhancing brand visibility through in-stadium signage, website promotions, and radio spots. The agreement aims to solidify UniFirst’s presence in the Greater Detroit area, where it services over 5,000 customers and outfits over 2 million workers daily. As part of its brand evolution, redesigned delivery trucks will showcase this partnership. UniFirst emphasizes its commitment to the community and aims to leverage this collaboration for further growth.

UniFirst Corporation (NYSE: UNF) announces the final appearance of the No. 9 UniFirst Chevrolet Camaro ZL1 at the FireKeepers Casino 400 on August 7, 2022, driven by NASCAR champion Chase Elliott. This race marks the culmination of UniFirst's sponsorship for the 2022 season, highlighting their partnership with Hendrick Motorsports. Elliott currently leads the NASCAR standings with four wins this season and aims for a strong performance in Michigan. UniFirst continues to serve as the Official Workwear Provider for Hendrick Motorsports and has introduced a new car design for this campaign.