Unifirst Stock Price, News & Analysis

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.

UniFirst Corporation (NYSE: UNF) is set to announce its Fiscal 2022 third quarter results on June 29, 2022, before the market opens. A conference call will follow at 9:00 a.m. Eastern Time to discuss the financial results, business highlights, and forecasts. The company, headquartered in Wilmington, Mass., is a leader in uniform and workwear services, operating over 260 service locations and servicing over 2 million workers daily. Investors can access a live webcast of the call at investors.unifirst.com.

UniFirst Corporation (NYSE: UNF) will have its President and CEO, Steven S. Sintros, and CFO, Shane F. O’Connor, speak at Baird’s 2022 Global Consumer, Technology & Services Conference on June 8, 2022, at 2:00 PM ET. The event will take place at the InterContinental New York Barclay. They will cover the company’s business highlights and recent trends.

The presentation will be available for live streaming here.

The No. 9 UniFirst Chevrolet Camaro, driven by Chase Elliott, returns for its second race of the 2022 NASCAR Cup Series at the AdventHealth 400 on May 15 at Kansas Speedway. This marks the sixth year of UniFirst's partnership with Hendrick Motorsports and its third year sponsoring Elliott. The newly designed car debuted on March 14, showcasing an updated design and performance features. Elliott, the current points leader, aims for a strong finish at Kansas, having previously won at the track in 2018.

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 will be payable on June 29, 2022, to shareholders of record on June 8, 2022. UniFirst, based in Wilmington, MA, is a North American leader in uniform and workwear supply and servicing, operating over 260 service locations and servicing over 300,000 customer locations daily.

UniFirst Corporation (NYSE: UNF) reported an 8.2% increase in revenues for Q2 2022, totaling $486.7 million. However, operating income fell 44.4% to $22.6 million, and net income dropped 43.4% to $18.5 million. Diluted earnings per share decreased to $0.97 from $1.71. Adjusted metrics, excluding costs related to Key Initiatives, showed adjusted operating income of $29.4 million and adjusted EPS of $1.24. The company anticipates FY 2022 revenues between $1.967 billion and $1.980 billion.