earnings
confidence high
sentiment neutral
materiality 0.65
UniFirst Q3 revenues up 12.7% to $576.7M; EPS down to $1.29 from $1.33
UNIFIRST CORP
2023-Q3 EPS reported
$4.06
revenue$1,661,157,000
- Revenues $576.7M (+12.7% YoY); Net income $24.3M (-3.2%); Diluted EPS $1.29 (-3.0%).
- Core Laundry revenues $501.7M (+11.5%); operating margin 4.2% (down from 5.9%).
- Specialty Garments revenues $49.4M (+19.9%); operating margin 25.2% (up from 17.4%).
- FY2023 revenue guidance $2.22-2.23B; EPS guidance $5.02-5.37 unchanged.
- Costs from Key Initiatives and Clean Uniform acquisition impacted EPS by $0.37 in Q3.