secwatch.observer — SEC 8-K summary
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Issuer:     UNIFIRST CORP (UNF)
CIK:        0000717954
Form:       8-K
Filed at:   2023-03-29T23:59:59+00:00
Accession:  0000950170-23-010443
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UniFirst Q2 rev up 11.5% to $542.7M, net income down 3.5%; FY23 EPS guided $5.02-5.37
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- Consolidated revenues up 11.5% to $542.7M; net income down 3.5% to $17.8M; diluted EPS $0.95 (-2.1%).
- Core Laundry operating margin fell to 2.9% from 4.3%, hurt by higher merchandise costs and inflation.
- Specialty Garments revenue up 18.5% to $42.1M; operating margin improved to 19.1% from 10.8%.
- Clean Uniform acquisition closed March 13; expected to add $42M revenue but reduce op income by $0.5M in FY23.
- FY23 guidance: revenue $2.21-2.22B, EPS $5.02-5.37; includes $40M Key Initiative costs and $4M acquisition expenses.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/717954/000095017023010443/0000950170-23-010443-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/717954/000095017023010443/unf-20230329.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-010443

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