secwatch.observer — SEC 8-K summary
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Issuer:     UNIFIRST CORP (UNF)
CIK:        0000717954
Form:       8-K
Filed at:   2022-06-29T23:59:59+00:00
Accession:  0000950170-22-012297
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UniFirst Q3 diluted EPS falls 39.8% to $1.33; core laundry margin narrows to 5.9% from 11.2%
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- Revenues up 10.2% to $511.5M, but operating income down 37.8% to $33.7M and net income down 40.3% to $25.1M.
- Adjusted diluted EPS of $1.77 excludes $11.4M in CRM/ERP/branding initiative costs.
- Core Laundry operating margin fell to 5.9% (8.4% adjusted) due to higher merchandise, energy and labor costs.
- Specialty Garments revenue up 7.7% to $41.2M; operating margin decreased to 17.4% from 21.7%.
- FY2022 guidance: revenue $1.993B-$2.0B, adjusted EPS $6.65-$6.85; Core Laundry adj. margin 8.3% at midpoint.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/717954/000095017022012297/0000950170-22-012297-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/717954/000095017022012297/unf-20220629.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-012297

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