Unifirst Stock Price, News & Analysis

UniFirst Corporation (NYSE: UNF) unveiled the Spotlite MV visibility workwear collection on October 25, 2022. This innovative line is tailored for active workers, featuring garments that improve mobility and comfort while enhancing visibility. Spotlite MV includes various styles for men and women, equipped with unique reflective striping and breathable, moisture-wicking fabric. Designed for industries like transportation and warehousing, the collection caters to a previously underserved market. With over 300,000 customer locations serviced daily, UniFirst emphasizes quality and style in uniform offerings.

UniFirst Corporation (NYSE: UNF) reported a strong Q4 2022, with revenues rising 11.0% to $516.4 million. However, operating income fell 26.0% to $33.3 million, and net income decreased to $26.2 million, down 24.4%. For the full fiscal year, revenues reached $2.001 billion, a 9.6% increase, but net income dropped 31.6% to $103.4 million. Despite challenges, the company anticipates fiscal 2023 revenues between $2.145 billion and $2.160 billion, with adjusted EPS projected at $7.10 to $7.50, reflecting ongoing investment in key initiatives.

UniFirst Corporation (NYSE: UNF) is set to report its Fiscal 2022 fourth quarter results on October 19, 2022, before the market opens. A conference call will take place at 9:00 a.m. Eastern Time on the same day to discuss financial results and business outlook. The company serves as a leader in uniform and workwear programs across North America, supporting over 2 million workers daily. With over 260 service locations and a significant customer base, UniFirst focuses on providing comprehensive facility and safety service programs.

UniFirst Corporation (NYSE: UNF) has announced a multi-year partnership as an Official Partner and Uniform Supplier for the Pittsburgh Steelers. This collaboration includes promotional activities like in-stadium signage and radio broadcasts. UniFirst’s rebranded delivery trucks will highlight this partnership in the Greater Pittsburgh area. The company, servicing over two million workers daily across the U.S. and Canada, aims to enhance brand visibility through this initiative, which aligns with its ongoing brand evolution efforts.

UniFirst Corporation (NYSE: UNF) has partnered with the Detroit Lions as their Official Uniform Supplier, enhancing brand visibility through in-stadium signage, website promotions, and radio spots. The agreement aims to solidify UniFirst’s presence in the Greater Detroit area, where it services over 5,000 customers and outfits over 2 million workers daily. As part of its brand evolution, redesigned delivery trucks will showcase this partnership. UniFirst emphasizes its commitment to the community and aims to leverage this collaboration for further growth.

UniFirst Corporation (NYSE: UNF) announces the final appearance of the No. 9 UniFirst Chevrolet Camaro ZL1 at the FireKeepers Casino 400 on August 7, 2022, driven by NASCAR champion Chase Elliott. This race marks the culmination of UniFirst's sponsorship for the 2022 season, highlighting their partnership with Hendrick Motorsports. Elliott currently leads the NASCAR standings with four wins this season and aims for a strong performance in Michigan. UniFirst continues to serve as the Official Workwear Provider for Hendrick Motorsports and has introduced a new car design for this campaign.

The Board of Directors of UniFirst Corporation (NYSE:UNF) has declared quarterly cash dividends of $0.30 per share on Common Stock and $0.24 per share on Class B Common Stock. These dividends are set to be paid on September 28, 2022, to shareholders of record on September 7, 2022. UniFirst, headquartered in Wilmington, Massachusetts, specializes in uniform and workwear programs, servicing over 2 million workers daily across 260 service locations and 300,000 customer locations.

UniFirst Corporation (NYSE: UNF) reported a 10.2% increase in consolidated revenues for Q3 2022, reaching $511.5 million. However, operating income fell 37.8% to $33.7 million, with net income decreasing by 40.3% to $25.1 million. The diluted EPS dropped from $2.21 to $1.33, a decline of 39.8%. The company incurred $11.4 million in costs related to CRM, ERP, and branding initiatives. Adjusted diluted EPS stood at $1.77. The financial outlook projects revenues between $1.993 billion and $2.0 billion, with diluted EPS guidance of $5.40 to $5.60.