Unifirst Corp - UNF STOCK NEWS

UniFirst Corporation (NYSE: UNF) reported Q4 results with a revenue increase of 8.5% to $465.3 million and net income rising 9.7% to $34.6 million. For the full fiscal year, revenues reached $1.826 billion, a 1.2% rise, while net income increased 11.3% to $151.1 million.

The company approved a 20% dividend increase and announced a new $100 million share repurchase program. Fiscal 2022 guidance projects revenues between $1.920 billion and $1.945 billion, with diluted EPS between $5.70 and $6.10.

UniFirst Corporation (NYSE: UNF) has signed a three-year sponsorship deal with Kraft Sports + Entertainment to become the Official Uniform Supply Company of the New England Patriots. This partnership will enhance UniFirst's brand visibility through game day activations and media promotions. Additionally, newly branded delivery trucks will be showcased at home games, and nearly 200 delivery vehicles will promote the sponsorship across New England. With over 260 service locations, UniFirst outfits more than 2 million workers daily, being a leader in managed uniform services in North America.

UniFirst Corporation (NYSE: UNF) will announce its Fiscal 2021 fourth quarter results on October 20, 2021, prior to market opening. A conference call is scheduled for 9:00 a.m. Eastern Time on the same day to discuss the quarterly financial outcomes, business highlights, and future outlook. During the call, the company may address various business and financial developments, which could include undisclosed information. The live webcast and replay will be accessible online.

On September 22, 2021, UniFirst Corporation highlighted the significant benefits of uniform rental programs for businesses, particularly in the healthcare sector post-pandemic. These programs offer no upfront costs, scheduled laundry services, and repairs, enhancing employee hygiene and safety. Key advantages include improved business image, brand promotion, cost savings, and employee satisfaction. The shift towards managed uniform services is driven by heightened awareness of cross-contamination risks. Adam Soreff noted that such programs allow businesses to focus on core operations without uniform maintenance.

The No. 9 UniFirst Chevrolet Camaro ZL1 1LE, driven by NASCAR champion Chase Elliott, will race for the final time in the 2021 season on August 28 at Daytona International Speedway. As the primary sponsor, UniFirst continues its partnership with Hendrick Motorsports, showcasing a refreshed car design. Elliott currently ranks fifth in points, aiming for better standings before the playoffs. The race is significant for UniFirst as it marks the fifth year of collaboration with Hendrick Motorsports and the second year of sponsoring Elliott.

UniFirst Corporation (NYSE:UNF) has unveiled its new Route Service Representative (RSR) uniforms, marking the first redesign in over 30 years. The new uniforms enhance employee comfort and safety while bolstering the brand image for over 2,400 RSRs. Designed with input from RSRs, the uniforms feature improved mobility, breathability, and safety enhancements. Additionally, the company is rebranding its fleet of over 4,000 vehicles. Old uniforms will either be repurposed or donated, supporting environmental sustainability.

The Board of Directors of UniFirst Corporation (NYSE:UNF) has declared quarterly cash dividends of $0.25 per share on Common Stock and $0.20 per share on Class B Common Stock. These dividends are set for payment on September 28, 2021, to shareholders of record on September 7, 2021. UniFirst, a leader in uniform and workwear programs in North America, serves over 2 million workers daily across 260 service locations. The company also provides first aid and safety products, showcasing its broad service capabilities.

UniFirst Corporation (NYSE: UNF) reported third-quarter results for the fiscal year ended May 29, 2021, showing a 4.2% increase in consolidated revenues to $464.3 million. Operating income surged 95.5% to $54.2 million, with net income rising 97.4% to $42.0 million or $2.21 per diluted share. Core Laundry Operations revenues increased 5.3%, while Specialty Garments saw a 5.7% rise. The company holds $535.0 million in cash with no long-term debt. Looking ahead, fiscal 2021 revenue guidance is set between $1.810 billion and $1.817 billion.