earnings
confidence high
sentiment negative
materiality 0.75
UniFirst Q2 adjusted EPS $1.24; GAAP EPS $0.97 vs $1.71; revenue up 8.2%
UNIFIRST CORP
2022-Q2 EPS reported
$2.75
revenue$972,860,000
- GAAP diluted EPS $0.97 vs $1.71 prior year; net income $18.5M down 43.4%.
- Revenue $486.7M, up 8.2%; Core Laundry organic growth 8.0%.
- Adjusted diluted EPS $1.24, excluding $6.7M Key Initiative costs this quarter.
- Operating margin pressured by higher merchandise amortization, energy, and labor costs.
- FY2022 guidance: revenue $1.967-1.980B; adjusted diluted EPS $6.80-7.00; GAAP EPS $5.62-5.82.