earnings
confidence high
sentiment negative
materiality 0.80
UniFirst reports record $2B annual revenue; Q4 EPS down 24% to $1.39; FY2023 guidance soft
UNIFIRST CORP
2022-FY EPS reported
$5.46
revenue$2,000,822,000
- Q4 rev $516.4M (+11%); op income $33.3M (-26%); diluted EPS $1.39 (vs $1.82).
- Full-year rev $2.001B (+9.6%); diluted EPS $5.46 (vs $7.94, -31.2%); adjusted EPS $6.81.
- Core Laundry op margin fell to 6.3% (10.1% prior); adjusted margin 8.3% impacted by merchandise/energy costs.
- FY2023 guidance: rev $2.145-2.160B; diluted EPS $5.50-$5.90; adjusted EPS $7.10-$7.50; includes $40M Key Initiative costs.
- Repurchased 47,775 shares for $8.0M in Q4; $63.6M remaining authorization.