UniFirst Q3 revenue misses estimates, maintains FY revenue outlook

UniFirst

02/07/2025 13:14

Overview

UniFirst fiscal Q3 revenue rises 1.2% but missed analyst expectations, per LSEG data

Net income for fiscal Q3 increased 4.3% to $39.7 mln

Co repurchased $13.6 mln of shares during the quarter

Outlook

Company maintains annual revenue guidance of $2.422 bln to $2.432 bln

UniFirst raises diluted EPS guidance to $7.60-$8.00

Company notes fiscal 2025 has one less week of operations

Result Drivers

REVENUE MISS - Revenue rose 1.2% to $610.8 million, missing analyst expectations of $614.5 million, attributed to sluggish organic growth of 1.1% in core laundry operations

KEY INITIATIVES COSTS - CRM and ERP projects reduced operating income and adjusted EBITDA by $1.0 million, impacting margins

GAIN ON SALE - Net income benefited from a $2.8 million gain on the sale of a non-operating property

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$610.78 mln
$614.50 mln (3 Analysts)
Q3 EPS
$2.13
Q3 Net Income
$39.68 mln
Q3 Operating Income
$48.18 mln
Q3 Pretax Profit
$53.40 mln


Press Release: ID:nGNX9QrQh3

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)