Unifirst Stock Price, News & Analysis

UniFirst Corporation (NYSE: UNF) reported its fourth quarter and full year results for fiscal 2020, revealing a 10.6% decrease in quarterly revenues to $428.6 million, and a 30.8% decline in net income to $31.6 million, or $1.66 per diluted share. Full year revenues were $1.804 billion, down 0.3%, with net income at $135.8 million, a 24.2% decrease. The company anticipates Q1 2021 revenues between $433.0 million and $443.0 million, highlighting challenges due to COVID-19.

UniFirst Corporation (NYSE: UNF) has donated over 250,000 protective face masks to support small business revitalization across North America. This initiative, aimed at helping businesses safely reopen post-lockdown, involved partnerships with chambers of commerce in over 25 regions. The donation addresses critical PPE shortages faced by small businesses during the pandemic. UniFirst, which has a strong history of community support, emphasizes the importance of aiding local economies for the health and safety of employees and customers. For more details, visit UniFirst.com.

UniFirst Corporation (NYSE: UNF) is set to report its Fiscal 2020 fourth quarter results on October 21, 2020, before the market opens. The company will host a conference call at 9:00 a.m. ET on the same day to discuss financial results, business highlights, and future outlook. During this call, UniFirst may address questions on financial developments and earnings forecasts, offering potentially undisclosed information. UniFirst operates across North America, servicing over 2 million workers daily through its extensive network.

The No. 9 UniFirst Chevrolet Camaro ZL1 1LE, driven by Chase Elliott, will compete in the South Point 400 on September 27, 2020, at Las Vegas Motor Speedway. This marks its final appearance of the 2020 NASCAR season. UniFirst, a leader in uniform services, is the primary sponsor for select races this season. Elliott previously won the NASCAR All-Star Race and is currently fifth in the playoff standings. The partnership with Hendrick Motorsports continues to thrive as UniFirst supplies uniforms to both the racing team and its parent automotive group.

UniFirst Corporation (NYSE: UNF) has been recognized for the 17th consecutive year on Selling Power magazine's 2020 list of the '50 Best Companies to Sell for'. The evaluation was based on metrics such as compensation and benefits, sales training, and customer retention. Despite challenges from the COVID-19 pandemic, UniFirst's sales team has maintained a high level of performance, delivering excellent customer experiences. The acknowledgment highlights the company's commitment to ongoing learning and excellence in sales.

UniFirst Corporation (NYSE: UNF) is sponsoring the No. 9 Chevrolet Camaro ZL1 1LE, driven by NASCAR's Chase Elliott, at the upcoming NASCAR All-Star Race on July 15, 2020, in Bristol, Tennessee. This marks the car's second appearance in the 2020 season, following a strong debut on March 8 at Phoenix Raceway. Elliott is currently fourth in the Cup Series standings, with one win and multiple top finishes this season. UniFirst's multi-year partnership with Hendrick Motorsports strengthens its brand visibility in major sporting events.

UniFirst Corporation (NYSE:UNF) has declared quarterly cash dividends of $0.25 per share for its Common Stock and $0.20 per share for Class B Common Stock. These dividends will be payable on September 28, 2020, to shareholders recorded by September 7, 2020. As a leader in uniform and workwear supply and servicing, UniFirst operates over 260 service locations, serving nearly 2 million workers daily across North America.

UniFirst Corporation (NYSE: UNF) will announce its Fiscal 2020 third quarter results on July 1, 2020, before market open. The company will host a conference call at 9:00 a.m. Eastern Time on the same day to discuss financial results, business highlights, and future outlooks. This call may also address questions about recent business developments and earnings forecasts, potentially revealing information not previously disclosed. With operations across 260 service locations and over 2 million workers outfitted daily, UniFirst remains a North American leader in uniform and workwear programs.