secwatch.observer — SEC 8-K summary
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Issuer:     UNIFIRST CORP (UNF)
CIK:        0000717954
Form:       8-K
Filed at:   2023-01-04T23:59:59+00:00
Accession:  0000950170-23-000099
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UniFirst Q1 revenue up 11.4% to $541.8M, adj. EPS $2.21, reaffirms FY2023 guidance
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- Revenue $541.8M (+11.4% YoY); diluted EPS $1.81; adjusted diluted EPS $2.21 (+10.5%).
- Core Laundry revenues $477.4M (+11.3%); organic growth 10.7%; adjusted operating margin 9.2% vs 9.9% prior year.
- Specialty Garments revenues $44.1M (+11.6%); operating margin 23.1% vs 21.9%.
- Reaffirmed FY2023 guidance: revenue $2.145-2.160B, diluted EPS $5.50-5.90, adj. EPS $7.10-7.50.
- Key Initiative costs $10.0M in Q1; no debt; $351.2M cash; no share repurchases in quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/717954/000095017023000099/0000950170-23-000099-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/717954/000095017023000099/unf-20230104.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-000099

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