UniFirst Q1 FY2024 revenue rises 9.5% to $593.5M; EPS $2.26 vs $1.81

UNIFIRST CORP

2024-Q1 EPS reported $2.26 revenue$593,525,000

Operating income up 22.4% to $53.1M; EBITDA up 23.7% to $86.2M.
Core Laundry organic growth 5.2%; operating margin improved to 8.0% from 7.1%.
Specialty Garments revenue $44.7M (+1.3%); operating margin 27.1% vs 23.1%.
FY2024 guidance: revenue $2.415-2.435B, EPS $6.52-7.16; expects lower half of range.
No long-term debt; $99.7M remaining under new $100M share repurchase program.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

UNIFIRST CORP reported the first quarter of fiscal 2024, which ended on November 25, 2023 results: revenue $593.5 million, net income $42.3 million, EPS $2.26. Guidance reaffirmed.

Period: the first quarter of fiscal 2024, which ended on November 25, 2023
Revenue: $593.5 million
Net income: $42.3 million
EPS: $2.26
Guidance: reaffirmed
Result: reported results

Exact text from the filing

November 25, 2023 as compared to the corresponding period in the prior fiscal year: Q1 2024 Financial Highlights • Consolidated revenues for the first quarter increased 9.5% to $593.5 million. • Operating income was $53.1 million, an increase of 22.4%. • The quarterly tax rate decreased to 23.4% compared to 25.2% in the prior year. • Net income increased to $42.3

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Source: SEC EDGAR

accession 0000950170-24-000538

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