earnings
confidence high
sentiment negative
materiality 0.65
UniFirst Q1 FY2022 EPS falls 19.5% to $1.77; revenue up 8.8% to $486.2M
UNIFIRST CORP
2022-Q1 EPS reported
$1.77
revenue$486,164,000
- GAAP diluted EPS $1.77 vs $2.20 prior year; adjusted diluted EPS $2.00.
- Core Laundry revenue $428.8M (+9.1%); operating margin 8.5% vs 12.4%.
- Specialty Garments revenue $39.5M (+3.5%); operating margin 21.9% vs 18.8%.
- FY2022 guidance: revenue $1.94B-$1.955B, diluted EPS $5.50-$5.80, adjusted EPS $7.00-$7.30.
- Bought back 22,750 shares for $4.8M; $97.3M remaining authorization; no debt, cash $478.1M.