secwatch.observer — SEC 8-K summary
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Issuer:     UNIFIRST CORP (UNF)
CIK:        0000717954
Form:       8-K
Filed at:   2022-10-19T23:59:59+00:00
Accession:  0000950170-22-019699
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UniFirst reports record $2B annual revenue; Q4 EPS down 24% to $1.39; FY2023 guidance soft
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/717954/000095017022019699/0000950170-22-019699-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/717954/000095017022019699/unf-20221019.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-019699

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